First Wilshire Securities Discloses 7.0% Stake in AXT Inc.
Ticker: AXTI · Form: SC 13G · Filed: Feb 12, 2024 · CIK: 1051627
| Field | Detail |
|---|---|
| Company | Axt Inc (AXTI) |
| Form Type | SC 13G |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, insider-buy, semiconductors
TL;DR
**First Wilshire now owns 7.0% of AXTI, a bullish signal from a major investor.**
AI Summary
First Wilshire Securities Management, Inc. reported on February 12, 2024, that it beneficially owns 3,229,878 shares of AXT, Inc. (AXTI) common stock as of December 31, 2023. This represents 7.0% of AXT, Inc.'s outstanding shares, making First Wilshire a significant institutional holder. This matters to investors because a large institutional stake can signal confidence in the company's future, potentially influencing other investors and the stock price.
Why It Matters
A substantial institutional holding like this can indicate a vote of confidence in AXT, Inc.'s management and future prospects, which may attract other investors.
Risk Assessment
Risk Level: low — This filing indicates a significant institutional investment, generally seen as a positive sign rather than a risk.
Analyst Insight
A smart investor would view this as a positive signal, suggesting that a professional money manager sees value in AXT, Inc. and might consider further research into the company's fundamentals.
Key Numbers
- 3,229,878 — Shares Beneficially Owned (This is the total number of AXT, Inc. shares First Wilshire Securities Management, Inc. reported owning.)
- 7.0% — Percentage of Class (This represents the significant portion of AXT, Inc.'s common stock now held by First Wilshire Securities Management, Inc.)
Key Players & Entities
- First Wilshire Securities Management, Inc. (company) — the reporting person and institutional investor
- AXT, Inc. (company) — the subject company whose shares are being reported
- 3,229,878 (dollar_amount) — number of shares beneficially owned by First Wilshire
- 7.0% (dollar_amount) — percentage of AXT, Inc.'s class of securities owned by First Wilshire
- December 31, 2023 (date) — the date of the event requiring the filing
- February 12, 2024 (date) — the filing date of the SC 13G
Forward-Looking Statements
- Other institutional investors may take note of First Wilshire's significant stake and potentially increase their own positions in AXT, Inc. (AXT, Inc.) — medium confidence, target: Within 6 months
FAQ
Who filed this SC 13G statement regarding AXT, Inc. shares?
First Wilshire Securities Management, Inc. filed this SC 13G statement, as indicated by the 'Names of Reporting Persons' section on the cover page.
What percentage of AXT, Inc.'s common stock does First Wilshire Securities Management, Inc. beneficially own?
First Wilshire Securities Management, Inc. beneficially owns 7.0% of AXT, Inc.'s common stock, as stated in the filing's summary table.
How many shares of AXT, Inc. common stock does First Wilshire Securities Management, Inc. have sole voting power over?
First Wilshire Securities Management, Inc. has sole voting power over 3,229,878 shares of AXT, Inc. common stock, according to item 5 on the cover page.
What was the 'Date of Event Which Requires Filing of this Statement' for this SC 13G?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified on the cover page of the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the checked box on the cover page.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 12, 2024 regarding AXT INC (AXTI).