Micrel Insider Acquires $19,466 in Stock (MCRL)
Micrel (NASDAQ:MCRL) Insider Raymond D. Zinn acquired 1,901 shares of Micrel stock in a transaction that occurred on Wednesday, May 21st. The shares were purchased at an average price of $10.24 per share, with a total value of $19,466.24. Following the completion of the transaction, the insider now directly owns 11,702,721 shares of the company’s stock, valued at approximately $119,835,863. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Micrel (NASDAQ:MCRL) traded up 1.07% during mid-day trading on Thursday, hitting $10.41. 474,383 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 $10.53 and a 200-day moving average of $10.12. The company has a market cap of $587.9 million and a price-to-earnings ratio of 41.20.
Micrel (NASDAQ:MCRL) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.11 earnings per share. Micrel’s revenue was up .3% compared to the same quarter last year. Analysts expect that Micrel will post $0.32 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.92%. The ex-dividend date 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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