Weekly Top Insider Sells: SCCO, QCOM, TEL, VAR, LH

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Jan 02, 2011
According to GuruFocus Insider Data, these are the largest insider sells during the past week.

Southern Copper Corp. (SCCO, Financial): Chairman of the Board German Larrea Mota Velasco sold 250,000 Shares

Chairman of the Board of Southern Copper Corp. (SCCO) German Larrea Mota Velasco sold 250,000 shares during the past week at an average price of $48.74.

Southern Peru Copper Corp. objective is to increase stockholder value through earnings and cash flow growth in varied market conditions. Southern Copper Corp. has a market cap of $41.43 billion; its shares were traded at around $48.74 with a P/E ratio of 28.9 and P/S ratio of 11. The dividend yield of Southern Copper Corp. stocks is 3.6%. Southern Copper Corp. had an annual average earning growth of 32.4% over the past 10 years.

Southern Copper Corp. is owned by 3 Gurus. Ken Heebner and David Williams own position in that stock.

Sell: Director Quintanilla Daniel Muniz sold 1,200 shares of SCCO stock on 08/10/2010 at the average price of 30.01. The price of the stock has increased by 62.41% since.

QUALCOMM Inc. (QCOM, Financial): Executive Vice President Steven M Mollenkopf sold 141,134 Shares

Executive Vice President of QUALCOMM Inc. (QCOM) Steven M Mollenkopf sold 141,134 shares on 12/23/2010 at an average price of $49.49.

QUALCOMM Inc. develops and delivers innovative digital wireless communications products and services based on the company's CDMA digital technology. Qualcomm Inc. has a market cap of $80.06 billion; its shares were traded at around $49.49 with a P/E ratio of 24.1 and P/S ratio of 7.3. The dividend yield of Qualcomm Inc. stocks is 1.5%. Qualcomm Inc. had an annual average earning growth of 14.6% over the past 10 years. GuruFocus rated Qualcomm Inc. the business predictability rank of 3-star.

On November 3, 2010 Qualcomm Incorporated announced results for the fourth fiscal quarter and year ended September 26, 2010. GAAP Results Qualcomm results are reported in accordance with generally accepted accounting principles.Fourth Quarter Fiscal 2010 Revenues: $2.95 billion, up 10 percent year-over-year (y-o-y) and 9 percent sequentially. Operating income: $837 million, up 40 percent y-o-y and 6 percent sequentially.Net income: $865 million, up 8 percent y-o-y and 13 percent sequentially. Diluted earnings per share: $0.53, up 10 percent y-o-y and 13 percent sequentially. Effective tax rate: 17 percent. Operating cash flow: $1.09 billion, down 17 percent y-o-y; 37 percent of revenues.



QUALCOMM Inc. is owned by many Gurus. George Soros, PRIMECAP Management, Private Capital, and Steve Mandel own position in this stock.

Sell: Executive Vice President Margaret L Johnson sold 137,000 shares of QCOM stock on 12/13/2010 at the average price of 49.5. Margaret L Johnson owns at least 18,410 shares after this. The price of the stock has decreased by 0.02% since.

Tyco Electronics Ltd. (TEL, Financial): Director Jurgen W K Gromer sold 151,388 Shares

Director of Tyco Electronics Ltd. (TEL) Jurgen W K Gromer sold 151,388 shares on 12/23/2010 at an average price of $35.4.

Tyco Electronics Ltd., global provider of engineered electronic components for thousands of consumer and industrial products; network solutions and systems for telecommunications and energy markets; and wireless systems for critical communications, radar and defense applications. Tyco Electronics Ltd. has a market cap of $15.71 billion; its shares were traded at around $35.4 with a P/E ratio of 14 and P/S ratio of 1.3. The dividend yield of Tyco Electronics Ltd. stocks is 1.8%.

On Oct. 28, 2010 Tyco Electronics Ltd. reported results for the fiscal fourth quarter ended Sept. 24, 2010. The company reported a net sales increase of 16 percent year-over-year, and 2 percent sequentially, to $3.1 billion. GAAP EPS were $0.56 for the

quarter, compared to $0.18 in the prior-year period. Included in the GAAP EPS were $0.10 per share related to restructuring charges and a loss on the sale of a mechatronics business, $0.02 per share of acquisition-related costs and $0.05 per share of items primarily due to shared tax matters.



Tyco Electronics Ltd. is owned by several Gurus. Charles Brandes, Richard Pzena, Bill Nygren, Dodge & Cox, and HOTCHKIS & WILEY own position in this stock.

Sell: SVP & Chief Technology Officer Robert N Shaddock sold 30,000 shares of TEL stock on 11/24/2010 at the average price of 31.64. Robert N Shaddock owns at least 25,003 shares after this. The price of the stock has increased by 11.88% since.

Varian Medical Systems Inc. (VAR, Financial): VP, Gen Counsel and Secretary John W Kuo sold 73,333 Shares

VP, Gen Counsel and Secretary of Varian Medical Systems Inc. (VAR) John W Kuo sold 73,333 shares on 12/28/2010 at an average price of $69.28.

Varian Medical Systems, Inc., of Palo Alto, California is the world's supplier of equipment and software for treating cancer. Varian Medical Systems Inc. has a market cap of $8.24 billion; its shares were traded at around $69.28 with a P/E ratio of 23.3 and P/S ratio of 3.6. Varian Medical Systems Inc. had an annual average earning growth of 19.5% over the past 10 years. GuruFocus rated Varian Medical Systems Inc. the business predictability rank of 4.5-star.

Varian Medical Systems Inc. is owned by 2 Gurus.

Sell: EVP and Pres. Oncology Sys. Dow R Wilson sold 20,926 shares of VAR stock on 12/13/2010 at the average price of 67.83. Dow R Wilson owns at least 42,613 shares after this. The price of the stock has increased by 2.14% since.

Laboratory Corp. of America Holdings (LH, Financial): CFO, EVP William B Hayes sold 30,366 Shares

CFO, EVP of Laboratory Corp. of America Holdings (LH) William B Hayes sold 30,366 shares on 12/27/2010 at an average price of $87.92.

Laboratory Corporation of America Holdings, is one of the largest independent clinical laboratory company's in the United States. Laboratory Corp. Of America Holdings has a market cap of $8.94 billion; its shares were traded at around $87.92 with a P/E ratio of 16.4 and P/S ratio of 1.9. Laboratory Corp. Of America Holdings had an annual average earning growth of 17.6% over the past 10 years.

Laboratory Corp. of America Holdings is owned by many Gurus. John Hussman, Wallace Weitz, Richard Pzena, Ronald Muhlenkamp, and Edward Owens own position in this stock.

Sell: EVP Andrew Scott Walton sold 881 shares of LH stock on 10/29/2010 at the average price of 81. Andrew Scott Walton owns at least 16,748 shares after this. The price of the stock has increased by 8.54% since.

For the complete list of stocks that bought/sold by their company executives, go to: Insider Buys.