CloudAlpha Capital Management Limited Hong Kong Purchases New Position in AXT Inc $AXTI

CloudAlpha Capital Management Limited Hong Kong purchased a new position in AXT Inc (NASDAQ:AXTI) in the fourth quarter, Holdings Channel reports. The fund purchased 1,390,730 shares of the semiconductor company’s stock, valued at approximately $22,738,000. AXT accounts for 1.1% of CloudAlpha Capital Management Limited Hong Kong’s holdings, making the stock its 17th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Maytree Asset Management Ltd purchased a new stake in shares of AXT in the fourth quarter valued at approximately $11,156,000. Assenagon Asset Management S.A. lifted its position in AXT by 2,404.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 574,828 shares of the semiconductor company’s stock worth $9,398,000 after buying an additional 551,876 shares in the last quarter. Citadel Advisors LLC boosted its stake in AXT by 339.6% during the third quarter. Citadel Advisors LLC now owns 405,978 shares of the semiconductor company’s stock worth $1,823,000 after buying an additional 313,618 shares during the last quarter. Penn Capital Management Company LLC acquired a new position in AXT during the third quarter worth $729,000. Finally, Destination Wealth Management purchased a new stake in AXT in the 3rd quarter valued at $458,000. Hedge funds and other institutional investors own 49.52% of the company’s stock.

AXT Stock Up 6.6%

NASDAQ:AXTI opened at $112.88 on Wednesday. AXT Inc has a 52 week low of $1.38 and a 52 week high of $134.00. The company has a market capitalization of $7.38 billion, a P/E ratio of -364.12 and a beta of 1.75. The stock’s fifty day moving average is $72.74 and its two-hundred day moving average is $37.66.

AXT (NASDAQ:AXTI) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, topping 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 5.71% and a negative net margin of 14.69%.AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. Sell-side analysts anticipate that AXT Inc will post 0.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jesse Chen sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $47.13, for a total value of $706,950.00. Following the transaction, the director directly owned 123,612 shares in the company, valued at approximately $5,825,833.56. This represents a 10.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David C. Chang sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $38.53, for a total transaction of $770,600.00. Following the transaction, the director directly owned 112,744 shares of the company’s stock, valued at $4,344,026.32. The trade was a 15.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 502,278 shares of company stock valued at $21,196,754 over the last 90 days. 5.97% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AXTI has been the subject of a number of recent research reports. Wall Street Zen raised AXT from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. UBS Group set a $35.00 price target on shares of AXT in a research report on Tuesday, February 17th. Weiss Ratings reissued a “sell (e+)” rating on shares of AXT in a report on Wednesday, May 13th. B. Riley Financial raised their price objective on shares of AXT to $21.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Finally, Needham & Company LLC lowered shares of AXT from a “buy” rating to a “hold” rating in a report on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.