GT Advanced Technologies (GTAT) provides materials and equipment for the solar, light emitting diode, and electronics industries worldwide.
Insider selling during the last 30 days
Here is a table of GT Advanced Technologies' insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Sold||Rule 10b5-1||Current Ownership||Decrease In Ownership|
|Hoil Kim||VP||May 1||25,000||Yes||44,991 shares + 27,789 options||25.6%|
|Thomas Gutierrez||CEO||May 1||117,730||Yes||168,899 shares + 274,837 options||21.0%|
|Thomas Wroe||Director||April 14||5,250||Yes||7,864 shares||40.0%|
There have been 147,980 shares sold by insiders during the last 30 days. All these shares were sold pursuant to a Rule 10b5-1 plan. More details about the Rule 10b5-1 trading plan can be found from this link.
Insider selling by calendar month
Here is a table of GT Advanced Technologies' insider activity by calendar month.
|Month||Insider selling / shares||Insider buying / shares|
There have been 1,595,483 shares sold, and there have been zero shares purchased by insiders since January 2013.
GT Advanced Technologies reported the full-year 2013 financial results on February 24 with the following highlights:
|Net loss||$86.6 million|
The three insiders sold their shares after these results.
GT Advanced Technologies' 2014 guidance is as follows:
(Source: Earnings presentation)
GT Advanced Technologies' first-quarter guidance is as follows:
|Non-GAAP EPS||-$0.20 to -$0.25|
|Qtrly Rev Growth (yoy):||-0.68||0.72||0.06|
|PEG (5 yr expected):||3.59||-0.53||0.78|
GT Advanced Technologies has the highest P/S ratio among these three companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Only GT Advanced Technologies has seen intensive insider selling during the last 30 days.
There have been three different insiders selling GT Advanced Technologies, and there have not been any insiders buying GT Advanced Technologies during the last 30 days. All three of these insiders decreased their holdings by more than 10%. GT Advanced Technologies has an insider ownership of 7.84%.
GT Advanced Technologies has a $11 price target from the Point & Figure chart. I believe there is an opportunity for a short entry with the $11 price target. I would place a stop loss at $19.50, which is the all-time high. The three main reasons for the proposed short entry are a bearish Point & Figure chart, negative earnings, and the intensive insider-selling activity.
Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in GTAT over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.