Mattson Technology: 3 Different Insiders Have Purchased Shares This Month

May. 6.14 | About: Mattson Technology, (MTSN)

Summary

3 insiders purchased Mattson Technology's stock within one month.

The stock was sold by no insiders in the month of intensive purchasing.

All 3 of these insiders increased their holdings by more than 10%.

Mattson Technology (NASDAQ:MTSN) designs, manufactures, markets, and supports semiconductor wafer processing equipment used in the fabrication of integrated circuits worldwide.

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Insider buying during the last 30 days

Here is a table of Mattson Technology's insider activity during the last 30 days.

Name Title Trade Date Shares Purchased Current Ownership Increase In Shares
Tyler Purvis CAO May 1 5,000 25,000 shares +25.0%
Michael Dodson CFO May 1 20,000 70,000 shares +40.0%
Fusen Chen CEO May 1 20,000 163,750 shares +13.9%
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There have been 45,000 shares purchased by insiders during the last 30 days.

Insider buying by calendar month

Here is a table of Mattson Technology's insider activity by calendar month.

Month Insider buying / shares Insider selling / shares
May 2014 45,000 0
April 2014 0 0
March 2014 0 0
February 2014 8,000 0
January 2014 0 0
December 2013 0 0
November 2013 0 0
October 2013 0 0
September 2013 0 0
August 2013 0 0
July 2013 0 0
June 2013 35,000 0
May 2013 39,000 0
April 2013 150,000 0
March 2013 0 0
February 2013 0 0
January 2013 0 0
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There have been 277,000 shares purchased, and there have been zero shares sold by insiders since January 2013.

Financials

Mattson Technology reported the first-quarter financial results on April 24 with the following highlights:

Revenue $43.2 million
Net income $2.5 million
Cash $17.3 million
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The three insiders purchased their shares after these results.

Outlook

Mattson Technology's second-quarter guidance is as follows:

Revenue $41 million plus or minus $2 million
EPS $0.03 plus or minus $0.02
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Competition

Mattson Technology's competitors include Applied Materials (NASDAQ:AMAT) and Lam Research Corporation (NASDAQ:LRCX). Here is a table comparing these companies.

Company MTSN AMAT LRCX
Market Cap: 138.51M 23.00B 9.27B
Employees: 264 13,700 6,600
Qtrly Rev Growth (yoy): 1.14 0.39 0.45
Revenue: 142.40M 8.13B 4.34B
Gross Margin: 0.33 0.41 0.45
EBITDA: 6.40M 1.46B 924.32M
Operating Margin: 0.02 0.13 0.14
Net Income: 998.00K 475.00M 484.60M
EPS: 0.02 0.39 2.84
P/E: 139.33 48.62 20.11
PEG (5 yr expected): 0.55 1.77 0.58
P/S: 0.87 2.83 2.14
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Mattson Technology has the lowest 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
AMAT 0 1,039,114
LRCX 0 214,242
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Only Mattson Technology has seen intensive insider buying during the last 30 days.

Conclusion

There have been three different insiders buying Mattson Technology, and there have not been any insiders selling Mattson Technology during the last 30 days. All three of these insiders increased their holdings by more than 10%. Mattson Technology has an insider ownership of 8.09%.

The three insiders purchased their shares at prices ranging from $1.91 to $1.93. I believe Mattson Technology could be a good pick below $1.93 based on the intensive insider buying.

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in MTSN 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.