AXT, based in Fremont, California, designs and manufactures semiconductor substrates, employing 1,456 people. Its products include InP, GaAs, and Ge substrates for applications in telecommunications, lighting, and solar cells.
Jesse Chen sold 15,000 shares of AXTI on 11 March at $47.13 per share, worth a total of $707K. They now own 123,612 AXTI shares, or a 11% holding decrease.
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