Jupiter Topco LLC Acquires Shares of 52,795 AXT Inc $AXTI

Key Points

• Jupiter Topco LLC acquired 52,795 shares of AXT during the second quarter, valued at approximately $3.8 million. Several other institutional investors also initiated or increased positions, while institutional ownership reached 49.52%.
• Analyst sentiment is generally positive, with AXT carrying a consensus “Moderate Buy” rating and a $77 average price target. Individual targets range from $52 to $125.
• AXT exceeded quarterly expectations, reporting $0.19 in EPS versus the $0.07 consensus and revenue of $47.59 million versus $34.08 million expected. The stock opened at $56.11, well below its 52-week high of $143.16, while insiders sold shares valued at roughly $5.6 million over the last quarter.

Jupiter Topco LLC acquired a new position in shares of AXT Inc (NASDAQ:AXTI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 52,795 shares of the semiconductor company's stock, valued at approximately $3,805,000. Jupiter Topco LLC owned about 0.08% of AXT as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in AXTI. Canada Pension Plan Investment Board purchased a new position in shares of AXT during the 2nd quarter valued at approximately $14,618,000. Legal & General Group Plc bought a new stake in shares of AXT in the second quarter worth $2,767,000. The Manufacturers Life Insurance Company bought a new stake in shares of AXT in the second quarter worth $1,547,000. Algert Global LLC raised its holdings in AXT by 4.8% in the second quarter. Algert Global LLC now owns 33,770 shares of the semiconductor company's stock valued at $2,434,000 after acquiring an additional 1,540 shares in the last quarter. Finally, Tairen Capital Ltd bought a new position in AXT during the 2nd quarter valued at $10,091,000. 49.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on AXTI shares. Zacks Research raised shares of AXT from a "hold" rating to a "strong-buy" rating in a report 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. Northland Securities set a $125.00 price target on AXT in a research note on Wednesday, June 3rd. Needham & Company LLC raised 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. Finally, UBS Group set a $90.00 price objective on AXT in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, AXT currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.00.

AXT Price Performance

AXTI stock opened at $56.11 on Wednesday. AXT Inc has a 1-year low of $2.83 and a 1-year high of $143.16. The firm has a fifty day moving average price of $63.32 and a two-hundred day moving average price of $69.95. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 2,805.50 and a beta of 1.92.

AXT (NASDAQ:AXTI - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping 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 company had revenue of $47.59 million for the quarter, compared to the consensus estimate of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. As a group, analysts expect that AXT Inc will post 0.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other AXT news, Director David C. Chang sold 8,333 shares of the firm's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $111.17, for a total value of $926,379.61. Following the transaction, the director 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Leonard J. Leblanc sold 4,000 shares of AXT stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $96.07, for a total value of $384,280.00. Following the completion of the transaction, the director owned 113,129 shares of the company's stock, valued at approximately $10,868,303.03. The trade was a 3.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 56,638 shares of company stock valued at $5,636,947 over the last quarter. Insiders own 5.97% of the company's stock.

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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