Swiss National Bank Invests $5.92 Million in AXT Inc Semiconductor Company

The Swiss National Bank has invested $5.92 million in AXT Inc (NASDAQ:AXTI), purchasing 103,900 shares of the semiconductor company's stock during the first quarter.

This is not the bank's only investment in AXT, as it owned about 0.16% of the company's shares as of its most recent filing with the Securities and Exchange Commission (SEC).

The Swiss National Bank is not alone in its interest in AXT, as other institutional investors have also modified their holdings of the company.