Insider Selling: International Rectifier Corp. Director Sells 9,367 Shares of Stock (IRF)
International Rectifier Corp. (NYSE:IRF) Director Barbara L. Rambo sold 9,367 shares of the stock on the open market in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $26.27, for a total transaction of $246,071.09. Following the completion of the sale, the director now directly owns 16,393 shares of the company’s stock, valued at approximately $430,644. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of International Rectifier Corp. (NYSE:IRF) traded down 1.91% during mid-day trading on Wednesday, hitting $25.72. The stock had a trading volume of 255,416 shares. International Rectifier Corp. has a 1-year low of $20.24 and a 1-year high of $28.27. The stock’s 50-day moving average is $26.41 and its 200-day moving average is $25.81. The company has a market cap of $1.833 billion and a price-to-earnings ratio of 47.16.
International Rectifier Corp. (NYSE:IRF) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.07. The company had revenue of $269.10 million for the quarter, compared to the consensus estimate of $269.14 million. During the same quarter last year, the company posted ($0.29) earnings per share. Analysts expect that International Rectifier Corp. will post $0.95 EPS for the current fiscal year.
A number of research firms have recently commented on IRF. Analysts at TheStreet upgraded shares of International Rectifier Corp. from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. Separately, analysts at FBR Capital Markets reiterated a “market perform” rating on shares of International Rectifier Corp. in a research note on Thursday, May 1st. They now have a $28.00 price target on the stock. Finally, analysts at Zacks upgraded shares of International Rectifier Corp. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 2nd. They now have a $30.20 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $30.03.
International Rectifier Corporation (NYSE:IRF) designs, manufactures and markets power management semiconductors.
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