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Weekly CFO Sells Highlight: BSX, RKUS, MCRL, LRAD and SWKS
Posted by: gurujx (IP Logged)
Date: September 8, 2013 11:29AM
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Boston Scientific, Ruckus Wireless, Micrel, LRAD and Skyworks Solutions.
Boston Scientific (BSX): EVP & CFO Jeffrey Capello Sold 525,000 Shares
EVP & CFO Jeffrey Capello sold 525,000 shares of BSX stock on Aug. 29 at the average price of $10.68. Capello owns at least 147,447 shares after this. The price of the stock has increased by 7.68% since.
Boston Scientific has a market cap of $15.44 billion; its shares were traded at around $11.50 with a P/E ratio of 17.20 and P/S ratio of 2.20.
Boston Scientific has released its second quarter 2013 results ended June 30, 2013. GAAP net income for the second quarter was $130 million, or $0.10 per diluted share.
Ruckus Wireless (RKUS): CFO Seamus Hennessy Sold 50,000 Shares
CFO Seamus Hennessy sold 50,000 shares of RKUS stock on Sept. 6 at the average price of $15.12. The price of the stock has increased by 1.19% since.
Ruckus Wireless Inc has a market cap of $1.18 billion; its shares were traded at around $15.30 with a P/E ratio of 270.27 and P/S ratio of 4.40.
Ruckus Wireless generated second quarter 2013 revenue of $63.9 million, an increase of 30.6% over the same period of 2012. GAAP net income was $0.7 million, compared with net income of $20.6 million the same quarter of the prior year quarter.
Sr. V.P. Barton M. Burstein and Sr. V.P. Steven A. Martin both also sold shares of RKUS stock over the past week.
Micrel (MCRL): CFO/VP Finance/HR Ray Wallin Sold 59,701 Shares
CFO/VP Finance/HR of Micrel, Inc. (MCRL) Ray Wallin sold 59,701 shares during the past week at an average price of $9.56.
Micrel has a market cap of $542.478 million; its shares were traded at around $9.38 with a P/E ratio of 52.08 and P/S ratio of 2.27. The dividend yield of Micrel stocks is 1.89%. Micrel had an annual average earnings growth of 6.7% over the past 10 years.
For its second quarter of 2013, Micrel generated $59.2 million in revenues, flat from the $59.7 million generated the same quarter of last year. GAAP net income was $5 million ($0.09 per share), compared to income of $5.2 million last year. Gross margin was 52.5% compared to 52.0% prior year quarter.
LRAD (LRAD): CFO/Secretary Katherine McDermott Sold 38,204 Shares
CFO/Secretary Katherine McDermott sold 38,204 shares of LRAD stock on Aug. 28 at the average price of $1.57. Katherine H McDermott owns at least 17,800 shares after this. The price of the stock has decreased by 10.19% since.
LRAD Corp has a market cap of $45.8239 million; its shares were traded at around $1.41 with a P/E ratio of 52.80 and P/S ratio of 3.28.
CEO Thomas Brown sold 54,008 shares of LRAD stock on Sept. 4 at the average price of $1.51. Director Dennis Wend and multiple other insiders bought shares of LRAD stock over the week.
Skyworks Solutions (SWKS): V. P., CFO Donald Palette Sold 37,528 Shares
Vice President and CFO Donald Palette sold 37,528 shares of SWKS stock on Aug. 28 at the average price of $25.5. Donald W Palette owns at least 88,767 shares after this. The price of the stock has increased by 0.86% since.
Skyworks Solutions has a market cap of $4.83 billion; its shares were traded at around $25.72 with a P/E ratio of 19.46 and P/S ratio of 2.86. Skyworks Solutions had an annual average earnings growth of 28.8% over the past 5 years.
Skyworks Solutions reported third quarter 2013 revenues up 12% year-over-year to $436.1 million. Non-GAAP EPS were $0.54 and GAAP EPS were $0.34. The company also repurchased 4 million shares this quarter.
President and CEO David J Aldrich sold 27,000 shares of SWKS stock on Sept. 4 at the average price of $25.67.
For the complete list of stocks that Sold by their CFOs, go to: Insider Sells.
Stocks Discussed: BSX, RKUS, MCRL, LRAD, SWKS,
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