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Vitesse Semicond (NASDAQ:VTSS) major shareholder William C. Martin acquired 2,038,000 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were purchased at an average price of $3.44 per share, with a total value of $7,010,720.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Vitesse Semicond (NASDAQ:VTSS) last released its earnings data on Thursday, December 5th. The company reported ($0.08) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.09) by $0.01. The company had revenue of $26.90 million for the quarter, compared to the consensus estimate of $27.10 million.

Vitesse Semiconductor Corporation (NASDAQ:VTSS) is a worldwide supplier of integrated circuits (ICs) that are utilized by manufacturers of networking systems for Carrier, Enterprise and Storage communications applications.

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