Silicon Image VP Steven Robertson Sells 6,500 Shares (SIMG)
Silicon Image (NASDAQ:SIMG) VP Steven Robertson unloaded 6,500 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $5.13, for a total value of $33,345.00. Following the transaction, the vice president now directly owns 25,455 shares in the company, valued at approximately $130,584. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Silicon Image (NASDAQ:SIMG) traded down 1.96% during mid-day trading on Wednesday, hitting $5.00. 236,046 shares of the company’s stock traded hands. Silicon Image has a 52 week low of $4.52 and a 52 week high of $7.16. The stock has a 50-day moving average of $4.91 and a 200-day moving average of $5.62. The company has a market cap of $391.2 million and a P/E ratio of 44.35.
Silicon Image (NASDAQ:SIMG) last released its earnings data on Wednesday, July 30th. The company reported $0.04 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.04. The company had revenue of $59.50 million for the quarter, compared to the consensus estimate of $62.00 million. During the same quarter last year, the company posted $0.08 earnings per share. Silicon Image’s revenue was down 19.3% compared to the same quarter last year. Analysts expect that Silicon Image will post $0.24 EPS for the current fiscal year.
Separately, analysts at Needham & Company LLC upgraded shares of Silicon Image from a “hold” rating to a “buy” rating in a research note on Thursday, July 31st. They now have a $6.00 price target on the stock.
Silicon Image, Inc (NASDAQ:SIMG) is a provider of connectivity solutions that enable the reliable distribution and presentation of HD content for mobile, consumer electronics (CE) and personal computer (PC) markets.
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