GT Advanced Technologies CFO Unloads $1,268,593 in Stock (GTAT)

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GT Advanced Technologies (NASDAQ:GTAT) CFO Richard J. Gaynor unloaded 124,250 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $10.21, for a total transaction of $1,268,592.50. Following the completion of the sale, the chief financial officer now directly owns 103,407 shares of the company’s stock, valued at approximately $1,055,785. The transaction was disclosed in a document filed with the SEC, which is available at this link.

GTAT has been the subject of a number of recent research reports. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of GT Advanced Technologies in a research note to investors on Saturday, November 23rd. They now have a $13.00 price target on the stock. Analysts at Ardour Capital raised their price target on shares of GT Advanced Technologies from $4.00 to $8.00 in a research note to investors on Friday, November 8th. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $11.34.

Shares of GT Advanced Technologies (NASDAQ:GTAT) traded down 4.08% on Wednesday, hitting $9.18. 5,737,606 shares of the company’s stock traded hands. GT Advanced Technologies has a one year low of $2.61 and a one year high of $10.75. The stock’s 50-day moving average is $9.12 and its 200-day moving average is $8.05. The company’s market cap is $1.122 billion.

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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