GSA Capital Partners LLP Purchases New Stake in AXT Inc $AXTI

Key Points

• GSA Capital Partners acquired 12,953 AXT shares worth approximately $934,000 in the second quarter. Institutional investors collectively own 49.52% of the company, with Bank of America more than doubling its position.
• AXT reported quarterly EPS of $0.19 and revenue of $47.59 million, both above analyst expectations, and guided for third-quarter EPS of $0.30–$0.32. Analysts have a consensus “Moderate Buy” rating with a $77 price target.
• Company insiders sold 251,636 shares worth $27.8 million over the past three months, while the stock has remained highly volatile, trading between $2.07 and $143.16 over the past year.

GSA Capital Partners LLP acquired a new stake in shares of AXT Inc (NASDAQ:AXTI - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,953 shares of the semiconductor company's stock, valued at approximately $934,000.

Several other hedge funds and other institutional investors also recently modified their holdings of AXTI. Tema ETFs LLC acquired a new stake in shares of AXT in the 2nd quarter valued at about $105,000. Handelsbanken Fonder AB acquired a new position in AXT in the second quarter worth about $1,391,000. Shariaportfolio Inc. bought a new stake in AXT in the first quarter valued at about $984,000. Bank of America Corp DE increased its holdings in AXT by 112.0% in the first quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company's stock valued at $44,234,000 after buying an additional 410,181 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in AXT during the first quarter valued at approximately $1,395,000. Institutional investors own 49.52% of the company's stock.

Insider Transactions at AXT

In other 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 transaction of $1,245,010.00. Following the completion of the transaction, the director directly 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 filing with the SEC, which is accessible through the SEC website. Also, Director David C. Chang sold 8,333 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 65,165 shares of the company's stock, valued at $7,244,393.05. This trade represents a 11.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 251,636 shares of company stock worth $27,789,677. Company insiders own 5.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on AXTI. Zacks Research raised AXT from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 11th. 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 note on Friday, July 31st. UBS Group set a $90.00 target price on shares of AXT in a research note on Friday, July 31st. B. Riley Financial decreased their price target 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. Finally, Northland Securities set a $125.00 price objective on shares of AXT in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $77.00.

Key AXT News

Here are the key news stories impacting AXT this week:

• Positive Sentiment: Reports that InP supply is tightening and prices could rise by roughly 10% have raised expectations for improved pricing and margins at AXT. New AI-related deals and stronger demand for optical components add to the potential upside. Why AXT Is Up After Indium Phosphide Supply Tightens Amid New AI Deals
• Positive Sentiment: AXT’s recent post-earnings momentum has been supported by record InP revenue, AI data-center demand and potential long-term supply agreements. Its latest quarterly results also exceeded expectations, with earnings and revenue well above consensus, while management provided third-quarter EPS guidance of $0.30–$0.32.
• Neutral Sentiment: AXT announced participation in several upcoming semiconductor and technology conferences, including the Needham, B. Riley and Morgan Stanley events. These presentations could provide updates on demand and supply agreements but do not represent a new contract or financial forecast. AXT Announces Financial Conference Participation
• Neutral Sentiment: Tradr launched exchange-traded products tied to AXT and other optical and AI-related companies. The launch may increase trading visibility but does not directly change AXT’s fundamentals.
• Negative Sentiment: Optics stocks, including AXT, sold off as investors reacted to reports raising concerns about AI spending and reassessed companies that had already posted very large year-to-date gains. AXT’s premium valuation and sharp recent rally make it particularly sensitive to profit-taking and changes in AI-demand expectations. Optics Stocks Drop on Anthropic News and WSJ Report

AXT Stock Down 14.2%

AXTI stock opened at $82.31 on Wednesday. The stock has a market cap of $5.38 billion, a PE ratio of 4,115.50 and a beta of 1.90. The firm's 50-day simple moving average is $68.30 and its 200 day simple moving average is $66.86. AXT Inc has a fifty-two week low of $2.07 and a fifty-two week high of $143.16.

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

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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