NasdaqGS:AXTISemiconductor
AXT Faces Ownership Shift As Revenue Recovers Under Export Restrictions
Pacific Ridge Capital Partners has fully exited its position in AXT (NasdaqGS:AXTI), removing a major institutional shareholder from the register.
The divestment comes shortly after AXT reported a revenue turnaround at a time when the company is facing headwinds from China related export restrictions.
This shift in ownership occurs as AXT continues to operate under heightened policy and trade scrutiny that directly affects parts of its business.
AXT, which supplies compound semiconductor...