A Director at AXT Inc (NASDAQ: AXTI) is Selling Shares

By Carrie Williams

Today, a Director at AXT Inc (NASDAQ: AXTI), Leonard Leblanc, sold shares of AXTI for $26.05K.

This is Leblanc’s first Sell trade following 5 Buy transactions. In addition to Leonard Leblanc, 3 other AXTI executives reported Sell trades in the last month.

Based on AXT Inc’s latest earnings report from June 30, the company posted quarterly revenue of $20.5M and quarterly net profit of $1.15M. In comparison, last year the company earned revenue of $18.37M and had a net profit of $42K. AXTI’s market cap is $168.4M and the company has a P/E ratio of 83.47. The company has a one year high of $5.97 and a one year low of $2.20.

The insider sentiment on AXT Inc has been neutral according to 11 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

AXT, Inc. designs, develops, manufactures and distributes compound semiconductor substrates including gallium arsenide, indium phosphide and germanium. Its substrate products are used in producing semiconductor chips and other electronic circuits are made from silicon. The company was founded by Morris S. Young and Davis Zhang in December 1986 and is headquartered in Fremont, CA.