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 159,536 shares of AXTI on 2 March at $43.32 per share, worth a total of $6.9M. They now own 2,482,038 AXTI shares, or a 6% holding decrease.
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