GT Advanced Technologies CEO Sells $1,131,924 in Stock (GTAT)
GT Advanced Technologies (NASDAQ:GTAT) CEO Thomas Gutierrez sold 59,232 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $19.11, for a total value of $1,131,923.52. Following the sale, the chief executive officer now directly owns 168,899 shares of the company’s stock, valued at approximately $3,227,660. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on GTAT. Analysts at Stifel Nicolaus initiated coverage on shares of GT Advanced Technologies in a research note on Wednesday, May 28th. They set a “buy” rating and a $20.00 price target on the stock. Separately, analysts at Zacks downgraded shares of GT Advanced Technologies from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 27th. They now have a $17.10 price target on the stock. Finally, analysts at Dougherty & Co initiated coverage on shares of GT Advanced Technologies in a research note on Tuesday, May 13th. They set a “buy” rating and a $29.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $19.56.
GT Advanced Technologies (NASDAQ:GTAT) traded down 1.11% during mid-day trading on Thursday, hitting $19.55. The stock had a trading volume of 6,183,052 shares. GT Advanced Technologies has a 52-week low of $4.11 and a 52-week high of $20.54. The stock’s 50-day moving average is $16.88 and its 200-day moving average is $14.29. The company’s market cap is $2.666 billion.
GT Advanced Technologies (NASDAQ:GTAT) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by $0.01. The company had revenue of $22.50 million for the quarter, compared to the consensus estimate of $26.94 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The company’s revenue for the quarter was down 61.1% on a year-over-year basis. Analysts expect that GT Advanced Technologies will post $0.08 EPS for the current fiscal year.
GT Advanced Technologies Inc is diversified technology company with crystal growth equipment and solutions for the global solar, light emitting diode (NASDAQ:GTAT) and electronics industries.
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