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RF Micro Devices Inc. (RFMD) President and CEO Robert A Bruggeworth sells 80,000 Shares

November 23, 2010 | About:
insider

insider

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President and CEO of RF Micro Devices Inc. (RFMD) Robert A Bruggeworth sells 80,000 shares of RFMD on 11/22/2010 at an average price of $7.22 a share.

Rf Micro Devices Inc. has a market cap of $1.98 billion; its shares were traded at around $7.26 with a P/E ratio of 13.4 and P/S ratio of 2.

RFMD is in the portfolios of RS Investment Management, Steven Cohen of SAC Capital Advisors, George Soros of Soros Fund Management LLC, Jim Simons of Renaissance Technologies LLC.

CFO Recent Trades:


  • Sell: VP Administration and CFO William A Priddy sold 100,000 shares of RFMD stock on 11/18/2010 at the average price of 7. William A Priddy owns at least 675,332 shares after this. The price of the stock has increased by 3.71% since.



This is the insider trade history vs. stock price of RFMD. For the complete insider trading history of RFMD, click here.




Directors and Officers Recent Trades:


  • Buy: Director Der Kaay Erik Van bought 10,000 shares of RFMD stock on 08/10/2010 at the average price of 4.42. Der Kaay Erik Van owns at least 145,800 shares after this. The price of the stock has increased by 64.25% since.

  • Sell: VP and Corp. Treasurer Suzanne B Rudy sold 3,952 shares of RFMD stock on 08/10/2011 at the average price of 4.45. Suzanne B Rudy owns at least 161,301 shares after this. The price of the stock has increased by 63.15% since.

  • Sell: VP and Corporate Controller Barry D Church sold 3,952 shares of RFMD stock on 08/10/2011 at the average price of 4.45. Barry D Church owns at least 161,301 shares after this. The price of the stock has increased by 63.15% since.

  • Sell: Director Jeffery R Gardner sold 78,100 shares of RFMD stock on 11/19/2010 at the average price of 7.24. Jeffery R Gardner owns at least 54,800 shares after this. The price of the stock has increased by 0.28% since.

  • Sell: VP & Pres. Multi-Market Prod. Buskirk Robert M Van sold 20,215 shares of RFMD stock on 11/15/2010 at the average price of 7.1. Buskirk Robert M Van owns at least 1,615,390 shares after this. The price of the stock has increased by 2.25% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 3.5/5 (2 votes)

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