XTX Topco Ltd Raises Stock Holdings in AXT, Inc. (NASDAQ:AXTI)

XTX Topco Ltd raised its position in shares of AXT, Inc. (NASDAQ:AXTI) by 135.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 173,726 shares of the semiconductor company’s stock after buying an additional 99,840 shares during the period. XTX Topco Ltd owned about 0.39% of AXT worth $587,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. First Wilshire Securities Management Inc. grew its stake in shares of AXT by 30.8% in the fourth quarter. First Wilshire Securities Management Inc. now owns 3,306,715 shares of the semiconductor company’s stock worth $7,936,000 after purchasing an additional 779,548 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of AXT by 1,142.1% in the 2nd quarter. Renaissance Technologies LLC now owns 377,600 shares of the semiconductor company’s stock worth $1,276,000 after buying an additional 347,200 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of AXT by 833.3% during the second quarter. Acadian Asset Management LLC now owns 272,416 shares of the semiconductor company’s stock valued at $919,000 after buying an additional 243,226 shares during the period. ClariVest Asset Management LLC bought a new position in shares of AXT during the first quarter valued at approximately $743,000. Finally, Franklin Resources Inc. lifted its stake in AXT by 47.0% in the fourth quarter. Franklin Resources Inc. now owns 465,948 shares of the semiconductor company’s stock worth $1,118,000 after acquiring an additional 149,048 shares during the period. Institutional investors own 49.52% of the company’s stock.

AXT Price Performance

NASDAQ:AXTI opened at $2.00 on Tuesday. The firm’s 50-day moving average price is $2.74 and its 200-day moving average price is $3.38. The company has a market capitalization of $88.80 million, a PE ratio of -5.00 and a beta of 2.23. AXT, Inc. has a 1-year low of $1.89 and a 1-year high of $5.64.

AXT (NASDAQ:AXTI) last announced its earnings results on Thursday, August 1st. The semiconductor company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. AXT had a negative net margin of 14.75% and a negative return on equity of 5.87%. The business had revenue of $27.92 million during the quarter, compared to the consensus estimate of $26.50 million. During the same quarter last year, the firm earned ($0.12) earnings per share. Equities analysts anticipate that AXT, Inc. will post -0.19 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $5.00 price objective on shares of AXT in a research report on Friday, August 2nd. Wedbush reissued an “outperform” rating and issued a $6.00 price target on shares of AXT in a research note on Monday, July 29th. Finally, StockNews.com raised AXT from a “sell” rating to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5.38.

About AXT

AXT, Inc designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company offers indium phosphide for use in data center connectivity using light/lasers, high-speed data transfer in data centers, 5G communications, fiber optic lasers and detectors, consumer devices, passive optical networks, silicon photonics, photonic integrated circuits, thermo-photovoltaics, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging.