Rubicon Technology, Inc. (NASDAQ:RBCN) CEO Buys $60,800.00 in Stock

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Rubicon Technology, Inc. (NASDAQ:RBCN) CEO Timothy Brog bought 7,600 shares of the stock in a transaction on Thursday, June 6th. The shares were bought at an average cost of $8.00 per share, with a total value of $60,800.00. Following the purchase, the chief executive officer now owns 44,600 shares of the company’s stock, valued at $356,800. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of RBCN stock opened at $8.07 on Wednesday. Rubicon Technology, Inc. has a 1-year low of $7.24 and a 1-year high of $9.46.

Rubicon Technology (NASDAQ:RBCN) last announced its earnings results on Tuesday, May 14th. The semiconductor company reported $0.02 earnings per share for the quarter. The company had revenue of $0.92 million during the quarter. Rubicon Technology had a net margin of 28.11% and a negative return on equity of 2.56%.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 14.88%.

Separately, TheStreet raised shares of Rubicon Technology from a “d” rating to a “c” rating in a research note on Tuesday, April 16th.

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Rubicon Technology Company Profile

Rubicon Technology, Inc provides monocrystalline sapphire for applications in optical and industrial systems. It offers optical and industrial sapphire products in various shapes and sizes, including round and rectangular windows and wafers, domes, tubes, and rods for a range of end markets comprising defense and aerospace, specialty lighting, instrumentation, sensors and detectors, semiconductor process equipment, electronic substrates, medical, and laser applications.

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