AXT Inc (AXTI)

• Market cap: $63.8M
• 1 day: 3.70%
• 5 days: 5.26%
• 1 month: -0.71%
• 3 months: -32.69%
• 6 months: -49.28%
• Year to date: -36.07%
• 1 year: -53.33%
• 5 years: -74.68%
• 10 years: -41.18%
• Sector: Technology
• Industry: Semiconductor Equipment & Materials

About: AXT Inc is a developer and producer of compound and single element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. It is engaged in the design, development, manufacture, and distribution of high-performance compound semiconductor substrates and the sale of materials. The company provides alternative or specialty materials in the form of substrates or wafers, including compound and single-element substrates. Its compound substrates combine indium with phosphorous or gallium with arsenic. Geographically firm has its business presence across the region of Europe, Japan, Taiwan, China, North America, and the Asia Pacific from which China derives its maximum revenue to the company.

Employees: 1,075

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

27% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 22

5% less funds holding

Funds holding: 83 [Q3] → 79 (-4) [Q4]

4.9% less ownership

Funds ownership: 43.55% [Q3] → 38.65% (-4.9%) [Q4]

21% less capital invested

Capital invested by funds: $47.1M [Q3] → $37.3M (-$9.77M) [Q4]

21% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 14

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $5 257% upside
• Avg. target: $5.50 293% upside
• High target: $6 329% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

B. Riley Securities Dave Kang 33% 1-year accuracy 3 / 9 met price target	329% upside $6	Buy Reiterated	21 Feb 2025
Needham Charles Shi 12% 1-year accuracy 9 / 73 met price target	257% upside $5	Buy Reiterated	21 Feb 2025