Maytree Asset Management Ltd Buys Shares of 682,299 AXT Inc $AXTI

Key Points

• Maytree Asset Management purchased 682,299 shares of AXT (~$11.16M) in Q4, representing about 8.3% of Maytree’s portfolio and roughly 1.23% of AXT outstanding, making it the firm's 4th largest holding.
• Company insiders have been net sellers recently — directors sold notable stakes and insiders disposed of 502,278 shares worth about $21.2M in the last three months; insiders now own ~5.97% of AXT.
• AXT reported Q1 EPS of -$0.01 (beating estimates) on revenue of $26.92M and set Q2 guidance of 0.060–0.080 EPS; the stock has a market cap of ~$7.04B and a consensus analyst rating of Hold with an average price target of $22.80.

Maytree Asset Management Ltd purchased a new position in shares of AXT Inc (NASDAQ:AXTI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 682,299 shares of the semiconductor company's stock, valued at approximately $11,156,000. AXT accounts for about 8.3% of Maytree Asset Management Ltd's investment portfolio, making the stock its 4th largest holding. Maytree Asset Management Ltd owned about 1.23% of AXT as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. XTX Topco Ltd acquired a new stake in shares of AXT in the second quarter valued at $42,000. Jefferies Financial Group Inc. purchased a new stake in shares of AXT during the 3rd quarter worth $52,000. Creative Planning acquired a new position in shares of AXT during the second quarter worth $86,000. Pinpoint Asset Management Singapore Pte. Ltd. grew its stake in shares of AXT by 2,333,600.0% during the third quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 23,337 shares of the semiconductor company's stock worth $105,000 after purchasing an additional 23,336 shares in the last quarter. Finally, Wesbanco Bank Inc. purchased a new position in AXT in the third quarter valued at $112,000. Institutional investors and hedge funds own 49.52% of the company's stock.

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Insider Buying and Selling at AXT

In other AXT news, Director David C. Chang sold 20,000 shares of the firm's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $38.53, for a total transaction of $770,600.00. Following the completion of the transaction, the director directly owned 112,744 shares in the company, valued at approximately $4,344,026.32. This trade represents a 15.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jesse Chen sold 15,000 shares of AXT stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $47.13, for a total transaction of $706,950.00. Following the transaction, the director owned 123,612 shares of the company's stock, valued at approximately $5,825,833.56. The trade was a 10.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 502,278 shares of company stock worth $21,196,754. 5.97% of the stock is owned by corporate insiders.

AXT Stock Performance

AXTI opened at $107.60 on Wednesday. The company has a market cap of $7.04 billion, a price-to-earnings ratio of -347.10 and a beta of 1.75. AXT Inc has a one year low of $1.23 and a one year high of $110.24. The business's fifty day moving average is $57.14 and its two-hundred day moving average is $29.89.

AXT (NASDAQ:AXTI - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.03. The business had revenue of $26.92 million during the quarter, compared to analysts' expectations of $26.22 million. AXT had a negative return on equity of 6.11% and a negative net margin of 14.69%.AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. On average, analysts predict that AXT Inc will post -0.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AXTI shares. UBS Group set a $35.00 price target on AXT in a research note on Tuesday, February 17th. Wall Street Zen raised AXT from a "sell" rating to a "hold" rating in a report on Saturday, February 14th. B. Riley Financial lifted their price target on AXT to $21.00 and gave the stock a "neutral" rating in a research report on Friday, February 20th. Craig Hallum reiterated a "buy" rating on shares of AXT in a research report on Friday, January 9th. Finally, Needham & Company LLC cut AXT from a "buy" rating to a "hold" rating in a research report on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, AXT presently has a consensus rating of "Hold" and an average price target of $22.80.

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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