AXT Inc $AXTI Stock: SBI Securities Co. Ltd. Boosts Holdings

Key Points

• SBI Securities increased its AXT stake by 1,831.1% in the third quarter, acquiring 64,729 additional shares and bringing its holdings to 68,264 shares worth approximately $5.28 million. Institutional investors collectively own 49.52% of the company.
• Analyst sentiment is mixed: three analysts rate AXT a Buy, two rate it Hold, and one rates it Sell. The consensus rating is Hold, with an average price target of $77.
• AXT reported quarterly EPS of $0.19, exceeding the $0.07 consensus estimate, while revenue of $47.59 million also surpassed expectations. The stock opened at $51.56, compared with a 52-week range of $4.90 to $143.16.

SBI Securities Co. Ltd. lifted its stake in shares of AXT Inc (NASDAQ:AXTI - Free Report) by 1,831.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,264 shares of the semiconductor company's stock after purchasing an additional 64,729 shares during the quarter. SBI Securities Co. Ltd. owned 0.10% of AXT worth $5,284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Dupree Financial Group LLC increased its position in AXT by 2.9% during the 3rd quarter. Dupree Financial Group LLC now owns 14,349 shares of the semiconductor company's stock worth $1,111,000 after purchasing an additional 400 shares in the last quarter. Kestra Advisory Services LLC boosted its position in AXT by 6.8% in the first quarter. Kestra Advisory Services LLC now owns 6,408 shares of the semiconductor company's stock valued at $365,000 after buying an additional 408 shares in the last quarter. American Capital Advisory LLC acquired a new stake in AXT in the first quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in AXT in the first quarter valued at approximately $31,000. Finally, Reyes Financial Architecture Inc. bought a new stake in shares of AXT during the third quarter worth $42,000. 49.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AXTI shares. Zacks Research downgraded shares of AXT from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 29th. B. Riley Financial reduced their price objective on AXT from $73.00 to $52.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 28th. Needham & Company LLC upgraded AXT from a "hold" rating to a "buy" rating and set a $90.00 price objective on the stock in a research report on Friday, July 31st. UBS Group set a $90.00 target price on AXT in a report on Friday, July 31st. Finally, Weiss Ratings upgraded AXT from a "sell (d-)" rating to a "sell (d+)" rating in a research report on Friday, August 14th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $77.00.

AXT Price Performance

AXTI opened at $51.56 on Friday. AXT Inc has a fifty-two week low of $4.90 and a fifty-two week high of $143.16. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 2,578.00 and a beta of 1.86. The company's 50 day moving average price is $68.68 and its two-hundred day moving average price is $76.32.

AXT (NASDAQ:AXTI - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.12. The firm had revenue of $47.59 million during the quarter, compared to the consensus estimate of $34.08 million. AXT had a net margin of 3.23% and a return on equity of 0.96%. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. As a group, equities research analysts predict that AXT Inc will post 0.80 EPS for the current year.

Insiders Place Their Bets

In related news, Director Leonard Leblanc sold 4,000 shares of the firm's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $96.07, for a total transaction of $384,280.00. Following the completion of the transaction, the director directly owned 113,129 shares of the company's stock, valued at $10,868,303.03. This trade represents a 3.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.97% of the stock is owned by insiders.

AXT Company Profile

AXT, Inc develops and manufactures compound semiconductor substrates used as the foundation for various high-performance electronic and optoelectronic devices. Its principal products include gallium arsenide (GaAs), indium phosphide (InP), and germanium substrates, along with other specialty materials such as gallium antimonide and indium arsenide.

The company's substrates are used in applications including wireless communications, fiber-optic and data-center networks, lasers, light-emitting diodes, solar cells, consumer electronics, and aerospace and defense systems.

Want to see what other hedge funds are holding AXTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AXT Inc (NASDAQ:AXTI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.