E Fund Management Co. Ltd. Takes Position in AXT Inc $AXTI

Key Points

• E Fund Management acquired 46,171 AXT shares worth approximately $3.33 million, while institutional investors collectively owned 49.52% of the company at quarter-end.
• Analyst sentiment remains a “Moderate Buy”, with a consensus price target of $77; ratings were mixed, including Needham’s upgrade to Buy and B. Riley’s target-price reduction to $52.
• AXT exceeded quarterly expectations with $0.19 in EPS versus a $0.07 estimate and $47.59 million in revenue, but the stock has faced volatility and substantial insider selling, with shares recently trading down 10.8%.

E Fund Management Co. Ltd. acquired a new position in AXT Inc (NASDAQ:AXTI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 46,171 shares of the semiconductor company's stock, valued at approximately $3,328,000. E Fund Management Co. Ltd. owned about 0.07% of AXT at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC bought a new stake in AXT during the second quarter valued at about $280,000. Timothy G. Youngquist 2020 Irrevocable Trust purchased a new stake in AXT in the second quarter worth about $131,000. BlackRock Inc. bought a new position in shares of AXT in the second quarter worth about $365,607,000. Deutsche Bank AG purchased a new position in shares of AXT during the 2nd quarter valued at about $10,289,000. Finally, Global Retirement Partners LLC bought a new position in shares of AXT during the 2nd quarter valued at approximately $55,000. 49.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Trending Headlines about AXT

Here are the key news stories impacting AXT this week:

• Positive Sentiment: AXT’s record InP revenue, backlog exceeding $100 million and planned capacity expansion could support a multiyear growth opportunity as AI data centers increase demand for optical components. AXT's InP Demand Is Surging: Can It Become a Long-Term Growth Driver?
• Positive Sentiment: Recent reports linked AXT’s gains to tightening indium phosphide supply and new AI-related deals, reinforcing investor expectations that the company may benefit from increased optical-networking demand. Why AXT Is Up 11.6% After Indium Phosphide Supply Tightens Amid New AI Deals
• Neutral Sentiment: Tradr launched a first-to-market exchange-traded fund focused on AXT and several other optics and AI-related companies. The additional investment product may improve exposure and trading interest, although its direct effect on AXT’s fundamentals is unclear. Tradr Debuts First-to-Market ETFs on Meta, AXT, Coherent & Lightwave Logic
• Negative Sentiment: AXT has been pressured alongside other optics stocks as investors reassessed AI spending expectations and took profits in companies that had already posted large gains. The sector-wide risk-off move may be weighing on the stock despite its favorable InP outlook. Optics Stocks Drop on Anthropic News
• Negative Sentiment: Director Leonard J. Leblanc disclosed sales totaling 6,000 shares in August, following a 500-share sale in June. The transactions reduced his holdings by about 5.5% cumulatively and may create a modest insider-confidence overhang, although the director still owns more than 113,000 shares. SEC Insider Transaction Filing

AXT Trading Down 10.8%

NASDAQ:AXTI opened at $73.43 on Thursday. The company has a market capitalization of $4.82 billion, a P/E ratio of 3,671.50 and a beta of 1.90. AXT Inc has a 12 month low of $2.20 and a 12 month high of $143.16. The business's 50-day moving average is $68.06 and its 200 day moving average is $67.26.

AXT (NASDAQ:AXTI - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.12. The business had revenue of $47.59 million during the quarter, compared to analysts' expectations 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. On average, research analysts forecast that AXT Inc will post 0.8 earnings per share for the current year.

Insider Transactions at AXT

In other AXT news, Director David C. Chang sold 8,333 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $111.17, for a total value of $926,379.61. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jesse Chen sold 6,172 shares of the company's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $115.24, for a total transaction of $711,261.28. Following the completion of the transaction, the director owned 50,275 shares in the company, valued at approximately $5,793,691. The trade was a 10.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 258,136 shares of company stock worth $28,395,372. 5.97% of the stock is currently owned by company insiders.

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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