What Did This CEO Just Do with Personal Shares of AXT Inc (NASDAQ: AXTI)?

By Carrie Williams

Today, the CEO of AXT Inc (NASDAQ: AXTI), Morris Young, sold shares of AXTI for $230.9K.

In addition to Morris Young, 7 other AXTI executives reported Sell trades in the last month.

Based on AXT Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $21.87 million and quarterly net profit of $2.23 million. In comparison, last year the company earned revenue of $18.37 million and had a net profit of $42K. AXTI’s market cap is $166.1M and the company has a P/E ratio of 85.14. The company has a one year high of $5.97 and a one year low of $2.28.

The insider sentiment on AXT Inc has been negative according to 17 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.