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.
Morris S Young sold 125,893 shares of AXTI on 9 March at $36.51 per share, worth a total of $4.6M. They now own 2,344,065 AXTI shares, or a 5% holding decrease.
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