Maytree Asset Management Ltd recently reported a new holding of 682,299 shares in AXT (NASDAQ:AXTI) during the fourth quarter, according to a SEC filing dated February 3, 2026. The estimated transaction value for the stake was $11.16 million, based on the average price for the period. The quarter-end value of the position also stood at $11.16 million, reflecting both share purchases and price changes.
This new position in AXT represented 8.27% of Maytree Asset Management Ltd’s 13F reportable assets following the filing. The top holdings after the filing included Pinduoduo (NASDAQ:PDD) at $58.18 million (43.1% of AUM), Intel (NASDAQ:INTC) at $12.13 million (9.0% of AUM), NVIDIA (NASDAQ:NVDA) at $11.68 million (8.7% of AUM), and AXTI at $11.16 million (8.3% of AUM).
As of February 2, 2026, shares of AXT were priced at $20.94, up 911.6% over the past year, outperforming the S&P 500 by 886.42 percentage points. AXT, Inc. produces compound and single element semiconductor substrates used in various applications such as data center connectivity, 5G communications, fiber optics, LEDs, and solar cells. The company generates revenue by designing, manufacturing, and distributing high-purity semiconductor substrates using proprietary technology.
Maytree Asset Management’s purchase of AXT stock is significant as it represents a new position and has catapulted AXT into the firm’s top five holdings. The transaction indicates a bullish outlook towards AXT, which has experienced significant growth over the past year. The company’s third quarter revenue rose to $28 million, driven by growing demand for its semiconductor components in AI systems. However, AXT is not profitable, posting an operating loss of $1.1 million in Q3.
Investors should be cautious as AXT’s share price has soared, resulting in a high price-to-sales ratio. It may be wise to wait for a potential price drop before considering buying the stock. The Motley Fool Stock Advisor analysts have identified 10 stocks with promising growth potential, but AXT did not make the list. It’s essential to conduct thorough research and consider all factors before making investment decisions.
In conclusion, AXT, Inc. is a technology company specializing in advanced semiconductor substrates for high-growth applications. Maytree Asset Management’s purchase of AXT stock reflects confidence in the company’s prospects, but investors should exercise caution due to the stock’s high valuation. For more information, you can refer to the original article “Investment Firm Maytree Bought Over $11 Million in AXTI. Is the Stock a Buy?” published by The Motley Fool.
