Deutsche Bank AG Purchases Shares of 142,740 AXT Inc $AXTI

Key Points

• Deutsche Bank acquired 142,740 AXT shares in the second quarter, valued at approximately $10.3 million and representing about 0.22% of the company. Institutional investors collectively own 49.52% of AXT.
• Analyst sentiment is broadly positive, with AXT receiving a consensus “Moderate Buy” rating and a $77 average price target, although targets range from $52 to $125.
• AXT exceeded quarterly expectations, reporting $0.19 in EPS versus $0.07 expected and revenue of $47.59 million versus $34.08 million forecast. However, insiders have sold 258,136 shares worth $28.4 million over the past 90 days.

Deutsche Bank AG purchased a new position in AXT Inc (NASDAQ:AXTI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 142,740 shares of the semiconductor company's stock, valued at approximately $10,289,000. Deutsche Bank AG owned approximately 0.22% of AXT as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Acadian Asset Management LLC lifted its position in shares of AXT by 2.8% during the 1st quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company's stock valued at $412,000 after buying an additional 8,039 shares in the last quarter. Creative Planning purchased a new stake in AXT in the 2nd quarter worth approximately $86,000. XTX Topco Ltd purchased a new stake in AXT in the 2nd quarter worth approximately $42,000. Dimensional Fund Advisors LP bought a new stake in AXT during the 3rd quarter worth approximately $145,000. Finally, Jefferies Financial Group Inc. bought a new stake in AXT during the 3rd quarter worth approximately $52,000. Institutional investors own 49.52% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. B. Riley Financial dropped their price target on shares of AXT from $73.00 to $52.00 and set a "neutral" rating for the company in a research report on Tuesday, July 28th. UBS Group set a $90.00 price objective on shares of AXT in a research report on Friday, July 31st. Zacks Research upgraded shares of AXT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 11th. Northland Securities set a $125.00 target price on shares of AXT in a report on Wednesday, June 3rd. Finally, Weiss Ratings upgraded AXT from a "sell (d-)" rating to a "sell (d+)" rating in a research note on Friday, August 14th. One investment 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, AXT has an average rating of "Moderate Buy" and a consensus target price of $77.00.

AXT Price Performance

AXT stock opened at $70.74 on Monday. The stock has a market cap of $4.64 billion, a P/E ratio of 3,537.00 and a beta of 1.90. AXT Inc has a 1 year low of $2.50 and a 1 year high of $143.16. The firm's 50 day moving average price is $67.22 and its 200-day moving average price is $67.99.

AXT (NASDAQ:AXTI - Get Free Report) last released its earnings results on Thursday, July 30th. The semiconductor company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.07 by $0.12. The firm had revenue of $47.59 million for 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 analysts expect that AXT Inc will post 0.8 EPS for the current year.

Insiders Place Their Bets

In other news, Director David C. Chang sold 8,333 shares of the firm's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $111.17, for a total transaction of $926,379.61. Following the completion of the transaction, the director owned 65,165 shares in the company, valued at $7,244,393.05. This trade represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Leonard J. Leblanc sold 4,000 shares of AXT stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $96.07, for a total value of $384,280.00. Following the completion of the sale, the director directly owned 113,129 shares in the company, valued at $10,868,303.03. This trade represents a 3.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 258,136 shares of company stock worth $28,395,372 in the last 90 days. 5.97% of the stock is currently owned by corporate insiders.

About AXT

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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