Micrel VP Unloads $446,232 in Stock (MCRL)
Micrel (NASDAQ:MCRL) VP James Guy Gandenberger unloaded 41,665 shares of the company’s stock on the open market in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $10.71, for a total transaction of $446,232.15. Following the sale, the vice president now directly owns 22,694 shares in the company, valued at approximately $243,053. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Micrel (NASDAQ:MCRL) traded down 0.28% on Friday, hitting $10.69. The stock had a trading volume of 149,348 shares. Micrel has a 52-week low of $8.60 and a 52-week high of $11.61. The stock’s 50-day moving average is $10.44 and its 200-day moving average is $10.18. The company has a market cap of $603.7 million and a price-to-earnings ratio of 42.88.
Micrel (NASDAQ:MCRL) last announced its earnings results on Thursday, April 24th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, analysts predict that Micrel will post $0.32 earnings per share for the current fiscal year.
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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