Micrel VP Unloads $31,125 in Stock (MCRL)
Micrel (NASDAQ:MCRL) VP James Guy Gandenberger unloaded 2,486 shares of Micrel stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $12.52, for a total value of $31,124.72. Following the completion of the transaction, the vice president now directly owns 22,694 shares of the company’s stock, valued at approximately $284,129. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Micrel (NASDAQ:MCRL) traded up 1.06% during mid-day trading on Thursday, hitting $12.39. 4,244,585 shares of the company’s stock traded hands. Micrel has a 1-year low of $8.60 and a 1-year high of $12.54. The stock has a 50-day moving average of $11.34 and a 200-day moving average of $10.88. The company has a market cap of $700.4 million and a P/E ratio of 53.30. Micrel also was the recipient of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 1,881,720 shares, an increase of 23.9% from the July 31st total of 1,519,292 shares. Based on an average trading volume of 501,216 shares, the days-to-cover ratio is presently 3.8 days. Currently, 4.2% of the company’s shares are sold short.
Micrel (NASDAQ:MCRL) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $62.34 million for the quarter, compared to the consensus estimate of $63.45 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts expect that Micrel will post $0.30 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 28th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, August 12th.
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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