Insider Buying: Micrel Insider Buys 1,550 Shares of Stock (MCRL)
Micrel (NASDAQ:MCRL) Insider Raymond D. Zinn acquired 1,550 shares of the stock on the open market in a transaction dated Friday, May 9th. The stock was purchased at an average price of $10.24 per share, with a total value of $15,872.00. Following the completion of the transaction, the insider now directly owns 11,693,093 shares of the company’s stock, valued at approximately $119,737,272. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Micrel (NASDAQ:MCRL) traded up 6.53% during mid-day trading on Monday, hitting $10.93. 356,752 shares of the company’s stock traded hands. Micrel has a 52-week low of $8.60 and a 52-week high of $11.61. The stock has a 50-day moving average of $10.68 and a 200-day moving average of $10.0. The company has a market cap of $617.3 million and a price-to-earnings ratio of 41.04.
Micrel (NASDAQ:MCRL) last released its earnings data on Thursday, April 24th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.01. The company had revenue of $59.90 million for the quarter, compared to the consensus estimate of $60.70 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. Analysts expect that Micrel will post $0.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 22nd. Investors of record on Thursday, May 8th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Tuesday, May 6th.
Micrel, Incorporated (NASDAQ:MCRL) designs, develops, manufactures and markets a range of analog power integrated circuits (ICs), mixed-signal ICs and digital ICs.
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