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.
David C Chang sold 25,000 shares of AXTI on 28 November at $10.72 per share, worth a total of $268K. They now own 182,744 AXTI shares, or a 12% holding decrease.
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