Insider Selling: Integrated Silicon Solution Chairman Sells $234,772 in Stock (ISSI)
Integrated Silicon Solution (NASDAQ:ISSI) Chairman Kong Yeu Han sold 15,863 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $14.80, for a total transaction of $234,772.40. Following the sale, the chairman now directly owns 15,402 shares of the company’s stock, valued at approximately $227,950. The transaction 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 1.48% on Thursday, hitting $14.67. The stock had a trading volume of 96,075 shares. Integrated Silicon Solution has a 52-week low of $10.11 and a 52-week high of $15.95. The stock has a 50-day moving average of $14.97 and a 200-day moving average of $14.15. The company has a market cap of $450.5 million and a price-to-earnings ratio of 18.59.
Integrated Silicon Solution (NASDAQ:ISSI) last announced its 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. Analysts expect that Integrated Silicon Solution will post $0.92 EPS for the current fiscal year.
ISSI has been the subject of a number of recent research reports. 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. 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. 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 has an average 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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