Lmr Partners 13F: Adds $4.4M to AXT (AXTI) Stake

Lmr Partners has significantly increased its stake in AXT, Inc. (NasdaqGS: AXTI), according to its recent Form 13F filing with the SEC. The firm boosted its holdings by 60%, adding 39,512 shares to bring its total to 105,000 shares. This position is valued at approximately $11.63 million as of the end of the reporting period.

What Changed in Lmr Partners' AXT, Inc. Position

Lmr Partners' decision to add 39,512 shares represents a 60% increase from its previous holding of 65,488 shares. The stake, now totaling 105,000 shares, underscores a growing interest in AXT, Inc., with the position valued at roughly $11.63 million.

Other Institutional Activity in AXT, Inc.

Several other institutional investors have also adjusted their positions in AXT, Inc. Jane Street Group, LLC expanded its holdings by 1,521,633 shares, ending with 2,426,232 shares valued at about $138.25 million. Vanguard Capital Management LLC initiated a position with 2,278,403 shares worth approximately $129.82 million. Meanwhile, E20 Capital Ltd reduced its stake by 973,731 shares, holding 2,068,550 shares valued at $117.87 million. Assenagon Asset Management S.A. increased its position by 930,526 shares to 1,505,354 shares, valued at $85.78 million. Morgan Stanley also added 553,005 shares, bringing its total to 1,443,634 shares worth about $82.26 million.

AXT, Inc. Stock Up 79.8%

Shares of AXT, Inc. (NasdaqGS: AXTI) are currently trading around $110.74. The company has a market capitalization of approximately $7.24 billion and a forward P/E ratio of 147.3, indicating high investor expectations for future earnings. With a beta of 1.811, the stock is more volatile than the market. Its 52-week range is between $1.80 and $143.16. The company's 50-day moving average is $93.82, and the 200-day moving average is $37.60.

Recent Earnings

AXT, Inc. reported revenue of $95.89 million, reflecting a growth of 39.1% year-over-year. However, the company is not currently profitable, with a net margin of -14.7% and a return on equity of -5.0%. The next earnings report is expected on July 30, 2026.

Insider Buying and Selling at AXT, Inc.

Recent insider activity at AXT, Inc. includes several sales by Jesse Chen in June 2026. Chen sold 13,000 shares on June 12 at an average price of $95.77, along with additional sales of 9,000 shares on June 11 at $88.55, and 9,000 shares on June 10 at $86.73. There were also sales of 1,500 shares on June 9 and 6,000 shares on June 8. On the other hand, David Chang acquired 754 shares on June 4.

Analysts Set New Price Targets

Analysts continue to weigh in on AXT, Inc. On May 1, 2026, Wedbush maintained its 'buy' rating with a price target of $93. Earlier, on April 29, Wedbush also kept a 'buy' rating but with a target of $80. B. Riley Securities downgraded the stock to 'hold' with a target of $18 on January 9, 2026. The consensus among analysts is a 'buy' rating, with an average target price of $96.50.

About AXT, Inc.

AXT, Inc. designs and manufactures semiconductor substrates, primarily for use in data centers, communications, and consumer devices. Based in Fremont, California, the company is led by CEO Dr. Morris S. Young and employs around 1,541 people. AXT's products include indium phosphide and gallium arsenide substrates, which are essential for high-speed data transfer and 5G communications.

Bottom Line

Lmr Partners' increased stake in AXT, Inc. reflects a strong interest in the semiconductor industry, despite the company's current lack of profitability. Investors will be watching for the upcoming earnings report on July 30, 2026, to see if AXT can improve its financial performance. As always, 13F filings are backward-looking and may not represent the current position.