I have the SEC document sitting in from of me it clearly shows the director purchased 5250 shares at @18.48 and this was an open market purchase. This is first purchase by a director since 2012.
Thomas Jr Wroe, a director of GT Advanced Technologies, recently acquired 5,250 shares of the company. The buys took place at $16.48 per share, on April 14, 2014. Wroe now owns 7,864 shares of the company.
GTAT is leading supplier of equipment for poly expansion. Not to mention all that equipment is producing 40%+ margins...
Reclaimed 50 Day and filled chart gap completely. Today marks the day she reversed and began the run to 25... Mark it
Apple To Infinity: Mobile Payments, Touch ID And All That Sapphire
Forget Gorilla Glass. Apple has its own patented method of affixing a sapphire substrate to a touch screen. According to a report on the Chinese language Apple Daily blog (translated via Google and Apple Insider), Apple’s OEM partner Hon Hai/Foxconn Technology Group has succeeded in making 100 prototypes of the large-screen iPhone 6 with a super-hard “sapphire substrate” that serves as “a surface protective screen of the iPhone.”
Looking at this manufacturing advance in light of the report from The Wall Street Journal last Friday about Apple aggressively pursuing mobile payment technology and the Cowen and Company investor’s note last Wednesday that said that the next version of iOS will introduce ”key software innovations” that will take advantage of iBeacon, Touch ID and Passbook “as part of a push into new services with mobile payments,” I think there is a case for payments to fuel another Apple growth episode. Cupertino has successfully evaded entropy for many years by introducing major new product lines that provide the growth to keep Apple’s overall S-curve from flattening.
Here’s how this scenario works. I will make two assumptions. First, that the convenience and (relative) security of Touch ID is an important part of Apple’s mobile payment solution. Second, that the sapphire covering of the Touch ID sensor is a key and patently defensible feature of Apple’s fingerprint scanning technology. If we run this thought experiment we see Touch ID enabled iOS devices (led by the iPhone) providing an order of magnitude better checkout experience than anything else widely available. The combination of less time waiting on line and a significant reduction in the risk of Target-style point of sale data theft—and the social status conferred on those such enabled (think priority lines at airport checkin)—will be a big hit with consumers and prompt higher adoption rates for Apple products.
This is huge news and a game changing confirmation. I hope Matt is able to put this out on seeking alpha. Thanks for sharing!
In a couple days this level will look like a steal. Merry Christmas to me and all buyers today. She is set to take out 20 and head to 25 very soon.. Buy when other panic and sell and sell when everyone's euphoric...it's just that simple
By Ashraf Eassa | More Articles | Save For Later
April 5, 2014 | Comments (0)
Shares of GT Advanced Technologies (NASDAQ: GTAT ) have been on fire. Over the last 12 months, the stock has skyrocketed from just over $3 per share to the most recent close of $18.67, representing a whopping 516% increase. To put that in perspective, $100,000 invested in GT Advanced Technologies about a year ago is now worth $616,170. However, after a deal with Apple (NASDAQ: AAPL ) lit up the shares once more, are they now too hot to touch?
What's the deal, man?
Since GT signed an agreement with Apple to dedicate the vast majority of its sapphire furnaces to produce sapphire for Apple, presumably for a next-generation iWatch or iPhone (or both). The company's guidance for the current year stands at a range of $600 million-$800 million, representing 130% year-over-year growth from 2013, and between $0.02 and $0.18 a share in earnings. However, this isn't why the shares have soared in recent months.
Indeed, as a result of this deal -- and this deal giving GT the wherewithal to invest in other materials businesses outside of sapphire -- the sell side expects GT to post revenues of $1.15 billion during the fiscal year ending in 2015 and earnings of $0.80 a share. That's a lot of iPhone (or iWatch) cover glass!
Shares aren't that expensive
There's a lot of uncertainty here; the sell side expects revenues of between $1.07 billion and $1.33 billion and full-year 2015 EPS of $0.50 to $1.49, with midpoint sitting at $1.15 billion/$0.80, respectively. Now, while the $600 million-$800 million number is "official guidance," we really have no idea what 2014 will look like, although the idea behind these estimates is that:
Apple will introduce sapphire cover glass on the iPhone 6, which will drive the demand for sapphire.
As the iPhone 6 makes up a larger portion of the mix during calendar 2015, GT should see growth roughly in line with the growth of iPhone 6 as a percentage of Apple's overall iPhone mix.
Apple suppliers eventually get squeezed, but GT likely has room to run
Where the real uncertainty lies -- and what could be upside and downside drivers -- are the following:
What are the chances that Apple will require sapphire glass for its oft-rumored iWatch and what kinds of volumes could those potentially drive?
How long term is this deal and how susceptible is GT to the longer-term margin compression that all Apple suppliers have inevitably suffered?
How well will the iPhone 6 sell?
That said, the first concern is more about further upside rather than justifying today's price, and the latter concern probably isn't too relevant for the first few years as a newly minted Apple supplier. Indeed, if you'll remember, shares of Cirrus Logic (NASDAQ: CRUS ) , a chip supplier that derives over 80% of its revenue base from Apple, ran from about $5 a share to about $44 per share before concerns of margin compression took their toll on the chip vendor. It was a good five-year run before the "crash."
Where does it all go from here?
At this point, traditional "valuation" techniques fail because there's such a wide range of outcomes and possibilities vis-a-vis GT and Apple, so what will really drive this stock is news flow and the perception of future earnings. Right now, things look like they're going very well for GT, and unless the iPhone 6 turns out to be an abject flop, which is extremely unlikely, the stock could very well have room to run from here and a price north of $30 could be justified if it has line of sight to about $1.49 per share in earnings as some of the more bullish analysts expect.
And scratches which show up all over the back of my black iPhone. Pretty upsetting, if only someone could develop a scratch resistant screen and casing for the whole phone I wouldn't ever have to buy an ugly case again. Maybe some day...
So who has a better reputation... Forbes or the idiot that wrote article earlier today who no one knows and has absolutely no data to support his baseless assumption?
3 Reasons Why the iPhone 6 Will Be a Blockbuster Product
"Bigger and better screen
In November 2013, Apple signed a deal with GT Advanced Technologies (NASDAQ: GTAT ) . Under this deal, Apple loaned GT Advanced Technologies $578 million to install and operate the world's largest sapphire-crystal manufacturing plant. Although Apple didn't promise to buy any of the sapphire that GT Advanced Technologies produced, reputed sources like Forbes and Canaccord are confident that the iPhone 6 will come with a sapphire display that will make the screen scratch-proof."
Maybe Matt can write a seeking alpha article stating why iPhone 6 WILL have sapphire? Don't pay attention to this clown. Apple is going sapphire on everything and it starts with iPhone 6.
Mondays high was 17.50... It gapped up yesterday above 18 and just like clock work it kissed 17.50 and reversed hard to fill the gap. There is your BUY signal. I reloaded at 17.60 and now expect news highs by early next week
U read over CC transcripts for last year same time and this last one and the tone and growth is dramatically different. They went from being very dissapointed with results and forecasting slow growth to this last CC where they are very upbeat announcing higher margins, record earnings, and guidance of 25-30% growth. Not to mention they have more cash on hand then last year which is beautiful. No worries about cash burn and huge explosive growth. Stock could easily test 6 this week....
Beautiful. Margins keep expanding and record revs. Company really looks like they have turned a corner and growth is accelerating quickly. Chart looks great, broke through major resistance at 4. I'm guessing it will test mid 5 level this week. Not a good time to be short. Could run to 6 quickly based on guidance.