Integrated Silicon Solution CFO Sells $98,250 in Stock (ISSI)
Integrated Silicon Solution (NASDAQ:ISSI) CFO John Cobb sold 6,550 shares of Integrated Silicon Solution stock on the open market in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $15.00, for a total value of $98,250.00. Following the completion of the sale, the chief financial officer now directly owns 42,434 shares in the company, valued at approximately $636,510. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Integrated Silicon Solution (NASDAQ:ISSI) traded down 2.99% during mid-day trading on Thursday, hitting $14.62. 166,058 shares of the company’s stock traded hands. Integrated Silicon Solution has a one year low of $9.99 and a one year high of $15.95. The stock’s 50-day moving average is $14.91 and its 200-day moving average is $13.77. The company has a market cap of $443.2 million and a price-to-earnings ratio of 18.86.
Integrated Silicon Solution (NASDAQ:ISSI) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.01. The company had revenue of $84.80 million for the quarter, compared to the consensus estimate of $83.70 million. During the same quarter last year, the company posted $0.23 earnings per share. Integrated Silicon Solution’s revenue was up 9.0% compared to the same quarter last year. On average, analysts predict that Integrated Silicon Solution will post $0.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Investors of record on Monday, August 4th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Thursday, July 31st.
A number of research firms have recently commented on ISSI. Analysts at Feltl & Co. upgraded shares of Integrated Silicon Solution from a “hold” rating to a “buy” rating in a research note on Friday, July 25th. They now have a $17.50 price target on the stock, up previously from $15.50. Separately, analysts at Zacks downgraded shares of Integrated Silicon Solution from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 23rd. They now have a $16.70 price target on the stock. Finally, analysts at Zacks upgraded shares of Integrated Silicon Solution from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 24th. They now have a $15.90 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Integrated Silicon Solution currently has a consensus rating of “Buy” and a consensus price target of $15.94.
Integrated Silicon Solution, Inc (NASDAQ:ISSI) is a fabless semiconductor company that designs and markets integrated circuits (ICs) for markets, including automotive, communications, industrial, medical and military, and digital consumer.
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