Investment Firm Maytree Bought Over $11 Million in AXTI. Is the Stock a Buy?

Company Overview - AXT, Inc. specializes in the development and production of advanced semiconductor substrates for high-growth applications in communications, photonics, and energy [5] - The company generates revenue by designing, manufacturing, and distributing high-purity semiconductor substrates and related materials using proprietary vertical gradient freeze technology [8] - AXT serves technology manufacturers and OEMs across various regions including the United States, China, Europe, Japan, Taiwan, and Korea, targeting sectors such as telecommunications, data centers, consumer electronics, and industrial applications [8] Financial Metrics - As of February 2, 2026, AXT's share price was $20.94, reflecting a 911.6% increase over the past year, significantly outperforming the S&P 500 by 886.42 percentage points [2] - The company's market capitalization is $1.15 billion, with a trailing twelve months (TTM) revenue of $90.39 million and a TTM net income of -$22.98 million [3] Recent Developments - Maytree Asset Management Ltd reported a new holding of 682,299 shares in AXT during the fourth quarter, with an estimated transaction value of $11.16 million [1] - This new position in AXT represents 8.27% of Maytree's 13F reportable assets, making AXT one of the firm's top five holdings [2][9] - The transaction indicates a bullish outlook towards AXT, which has seen its shares rise from a 52-week low of $1.13 to a high of $26.66, driven by the booming artificial intelligence market [10]