Canada Pension Plan Investment Board Takes Position in AXT Inc $AXTI

Key Points

• Canada Pension Plan Investment Board acquired 202,800 shares of AXT, worth approximately $14.6 million, giving it a 0.31% stake. Institutional investors collectively own 49.52% of the company.
• Analyst sentiment is mixed but leans positive, with MarketBeat reporting a consensus “Moderate Buy” rating and a $77 price target. Recent targets range from $52 to $125.
• AXT’s shares opened at $58.63 after falling 12.4%; however, the company exceeded quarterly expectations with $0.19 in EPS versus $0.07 expected and revenue of $47.59 million versus $34.08 million estimated. Insiders sold $28.4 million of stock during the last quarter.

Canada Pension Plan Investment Board bought a new position in AXT Inc (NASDAQ:AXTI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 202,800 shares of the semiconductor company's stock, valued at approximately $14,618,000. Canada Pension Plan Investment Board owned approximately 0.31% of AXT as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. American Capital Advisory LLC purchased a new stake in AXT during the first quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in AXT during the first quarter worth about $31,000. XTX Topco Ltd bought a new stake in AXT during the second quarter worth about $42,000. Jefferies Financial Group Inc. purchased a new position in shares of AXT in the 3rd quarter worth about $52,000. Finally, Global Retirement Partners LLC purchased a new position in shares of AXT in the 2nd quarter worth about $55,000. Institutional investors own 49.52% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AXTI. Northland Securities set a $125.00 price objective on AXT in a report on Wednesday, June 3rd. Weiss Ratings upgraded AXT from a "sell (d-)" rating to a "sell (d+)" rating in a research report on Friday, August 14th. Zacks Research raised AXT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 11th. B. Riley Financial reduced their price target on shares of AXT from $73.00 to $52.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 28th. Finally, Needham & Company LLC upgraded shares of AXT from a "hold" rating to a "buy" rating and set a $90.00 price objective for the company in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $77.00.

AXT Trading Down 12.4%

Shares of NASDAQ:AXTI opened at $58.63 on Friday. The stock has a market capitalization of $3.84 billion, a P/E ratio of 2,931.50 and a beta of 1.90. The stock's 50-day moving average price is $64.40 and its 200-day moving average price is $69.20. AXT Inc has a 12-month low of $2.75 and a 12-month high of $143.16.

AXT (NASDAQ:AXTI - Get Free Report) last released its earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.12. The company had revenue of $47.59 million during the quarter, compared to analyst estimates of $34.08 million. AXT had a return on equity of 0.96% and a net margin of 3.23%.AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. As a group, research analysts predict that AXT Inc will post 0.8 EPS for the current year.

Insider Buying and Selling

In other AXT news, Director Jesse Chen sold 13,000 shares of the business's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $95.77, for a total value of $1,245,010.00. Following the completion of the sale, the director owned 56,447 shares in the company, valued at approximately $5,405,929.19. The trade was a 18.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David C. Chang sold 8,333 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $111.17, for a total value of $926,379.61. Following the sale, the director directly owned 65,165 shares of the company's stock, valued at approximately $7,244,393.05. This trade represents a 11.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 258,136 shares of company stock valued at $28,395,372 over the last quarter. Company insiders own 5.97% of the company's stock.

AXT Profile

AXT, Inc NASDAQ: AXTI is a global supplier of compound and single-element semiconductor substrates, offering a range of materials critical for high-performance electronic and optoelectronic devices. Founded in 1986 and headquartered in Fremont, California, AXT specializes in the development, manufacture and distribution of wafers composed of gallium arsenide (GaAs), indium phosphide (InP), gallium nitride (GaN) and other compound semiconductor materials. These substrates serve as the foundational platforms for devices used in data communications, wireless infrastructure, advanced computing, consumer electronics and photovoltaic applications.

AXT's product portfolio encompasses a variety of wafer sizes, dopant concentrations and crystal orientations, tailored to meet the precise specifications of its customers.

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