Oasis Management Co Ltd. Takes Position in AXT Inc $AXTI

Oasis Management Co Ltd. purchased a new stake in shares of AXT Inc (NASDAQ:AXTI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,000 shares of the semiconductor company’s stock, valued at approximately $164,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jane Street Group LLC raised its holdings in AXT by 1,314.6% in the 4th quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock valued at $14,790,000 after buying an additional 840,650 shares during the period. Renaissance Technologies LLC raised its holdings in AXT by 68.7% in the 4th quarter. Renaissance Technologies LLC now owns 86,700 shares of the semiconductor company’s stock valued at $1,418,000 after buying an additional 35,300 shares during the period. Dimensional Fund Advisors LP raised its holdings in AXT by 481.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 187,684 shares of the semiconductor company’s stock valued at $3,069,000 after buying an additional 155,424 shares during the period. Informed Momentum Co LLC purchased a new stake in AXT in the 4th quarter valued at about $1,890,000. Finally, Polen Capital Management LLC purchased a new stake in AXT in the 4th quarter valued at about $363,000. 49.52% of the stock is currently owned by hedge funds and other institutional investors.

AXT Price Performance

Shares of NASDAQ:AXTI opened at $97.18 on Friday. The firm has a market capitalization of $6.36 billion, a PE ratio of -313.47 and a beta of 1.80. The firm’s 50-day moving average is $92.50 and its two-hundred day moving average is $49.86. AXT Inc has a 1 year low of $1.80 and a 1 year high of $143.16.

AXT (NASDAQ:AXTI) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The company had revenue of $26.92 million for the quarter, compared to analyst estimates of $26.22 million. AXT had a negative net margin of 14.69% and a negative return on equity of 5.71%. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. Analysts expect that AXT Inc will post 0.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Weiss Ratings upgraded shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Northland Securities set a $125.00 price objective on shares of AXT in a report on Wednesday, June 3rd. Wedbush boosted their price objective on shares of AXT from $8.50 to $28.00 and gave the company an “outperform” rating in a report on Friday, February 20th. UBS Group set a $35.00 price objective on shares of AXT in a report on Tuesday, February 17th. Finally, B. Riley Financial boosted their price objective on shares of AXT to $21.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, AXT presently has a consensus rating of “Hold” and an average price target of $43.80.

Insider Transactions at AXT

In other AXT news, CEO Morris S. Young sold 123,601 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $113.33, for a total transaction of $14,007,701.33. Following the sale, the chief executive officer directly owned 2,149,533 shares in the company, valued at $243,606,574.89. This represents a 5.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jesse Chen sold 9,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $86.73, for a total transaction of $780,570.00. Following the sale, the director owned 78,447 shares in the company, valued at $6,803,708.31. This trade represents a 10.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 224,131 shares of company stock worth $24,907,026 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.