Legal & General Group Plc Buys New Shares in AXT Inc $AXTI

Key Points

• Legal & General Group purchased 38,389 AXT shares worth approximately $2.77 million, establishing a 0.06% stake. Institutional investors collectively own 49.52% of the company.
• AXT reported quarterly EPS of $0.19, beating the $0.07 consensus estimate, while revenue of $47.59 million exceeded expectations of $34.08 million. The company guided for third-quarter 2026 EPS of $0.30–$0.32.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and an average price target of $77.00. However, insiders sold 50,505 shares worth nearly $5.0 million during the quarter.

Legal & General Group Plc bought a new position in shares of AXT Inc (NASDAQ:AXTI - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 38,389 shares of the semiconductor company's stock, valued at approximately $2,767,000. Legal & General Group Plc owned about 0.06% of AXT at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AXTI. American Capital Advisory LLC acquired a new stake in AXT in the first quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of AXT during the 1st quarter worth about $31,000. XTX Topco Ltd acquired a new position in shares of AXT during the 2nd quarter worth about $42,000. Jefferies Financial Group Inc. bought a new stake in shares of AXT in the 3rd quarter valued at about $52,000. Finally, Global Retirement Partners LLC acquired a new stake in AXT in the 2nd quarter valued at about $55,000. 49.52% of the stock is owned by institutional investors.

AXT Stock Performance

Shares of AXTI stock opened at $61.64 on Friday. AXT Inc has a 52 week low of $2.98 and a 52 week high of $143.16. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 3,082.00 and a beta of 1.92. The company has a 50-day simple moving average of $62.64 and a 200 day simple moving average of $70.35.

AXT (NASDAQ:AXTI - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. Sell-side analysts forecast that AXT Inc will post 0.8 EPS for the current year.

Insider Transactions at AXT

In related news, Director David Chang sold 8,333 shares of AXT stock in a transaction that occurred on 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 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. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jesse Chen sold 13,000 shares of the business's stock in a transaction on Friday, June 12th. The shares were 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 of the company's stock, valued at $5,405,929.19. This trade represents a 18.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 50,505 shares of company stock worth $4,972,866. Company insiders own 5.97% of the company's stock.

Analysts Set New Price Targets

AXTI has been the subject of a number of research analyst reports. Zacks Research upgraded AXT from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 11th. 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 research report on Friday, July 31st. Weiss Ratings upgraded AXT from a "sell (d-)" rating to a "sell (d+)" rating in a research note on Friday, August 14th. UBS Group set a $90.00 target price on AXT in a report on Friday, July 31st. Finally, Northland Securities set a $125.00 price target on AXT in a research note on Wednesday, June 3rd. One equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $77.00.

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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