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Weekly CFO Sells Highlight

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Weekly CFO sells Highlight

According to GuruFocus Insider Data, the largest CFO sells during the past week were: On Semicon Corp, Ascena Retail, Demandtec Inc., Novellus Sys, and Tibco Software.

On Semicon Corp (ONNN): Exec VP & CFO Donald A Colvin Sold 75,000 Shares

Exec VP & CFO of On Semicon Corp (ONNN) Donald A Colvin sold 75,000 shares on 01/13/2011 at an average price of $11.5. ON SEMICON CORP. is a supplier of broadband and power management integrated circuits and standard semiconductors used in numerous advanced devices ranging from high-speed fiber optic networking equipment to the precise power management functions found in portable electronics. On Semicon Corp has a market cap of $4.55 billion; its shares were traded at around $10.85 with a P/E ratio of 12.5 and P/S ratio of 2.5.

On Semicon Corp. reported its third quarter 2010 results. During its third quarter ended November 3, 2010, the company announced total revenues of $600.7 million, and GAAP income of $87.8 million.

Hedge Fund Gurus that owns ONNN:

Jim Simons of Renaissance Technologies LLC, George Soros of Soros Fund Management LLC, Steven Cohen of SAC Capital Advisors.

Mutual Fund and Other Gurus that owns ONNN:

HOTCHKIS & WILEY of Hotchkis & Wliey Capital Management LLC, Pioneer Investments, Columbia Wanger of Columbia Wanger Asset Management, Mario Gabelli of GAMCO Investors, Chuck Royce of Royce& Associates.

For details of gurus' trades and ownership with ONNN, click here

Sell: CEO & Pres. Keith D Jackson sold 265,000 shares of ONNN stock on 01/18/2011 at the average price of 11.62. Exec VP & CFO Donald A Colvin sold 75,000 shares of ONNN stock on 01/13/2011 at the average price of 11.5. SVP, Gen Cnsl, CC&EO, & Sec George H Cave sold 70,000 shares of ONNN stock on 01/18/2011 at the average price of 11.64.

For details of insider trades and ownership of ONNN, click here

Ascena Retail (ASNA): Executive Vice President & CFO Armand Correia Sold 75,000 Shares

Executive Vice President & CFO of Ascena Retail (ASNA) Armand Correia sold 75,000 shares on 01/21/2011 at an average price of $27.03. Ascena Retail has a market cap of $2.13 billion; its shares were traded at around $27.15 with a P/E ratio of 13.1 and P/S ratio of 0.9.

Ascena Retail announced its first quarter 2011 results. During this quarter ended October 30, 2010, the company reported Net income of $48.0 million compared to $21.7 million prior year quarter. Total sales of the company increased by 77 percent to $713.3 million compared to $404.1 million prior year quarter. Also, as a result of good holiday season sales, the company recently announced that it would be raising its non-GAAP diluted earnings per share guidance for fiscal 2011 to a range of $2.20 to $2.25 from its previous guidance of $2.05 to $2.15.

Hedge Fund Gurus that owns ASNA:

Jim Simons of Renaissance Technologies LLC, Kenneth Fisher of Fisher Asset Management, LLC, Steven Cohen of SAC Capital Advisors.

Mutual Fund and Other Gurus that owns ASNA:

Robert Olstein of Olstein Financial Alert Fund, Chuck Royce of Royce& Associates, PRIMECAP Management, Columbia Wanger of Columbia Wanger Asset Management, Jeremy Grantham of GMO LLC.

For details of gurus' trades and ownership with ASNA, click here

Sell: Executive Vice President & CFO Armand Correia sold 75,000 shares of ASNA stock on 01/21/2011 at the average price of 27.03. Armand Correia owns at least 4,150 shares after this. The price of the stock has increased by 0.44% since.

For details of insider trades and ownership of ASNA, click here

Demandtec Inc (DMAN): EVP & CFO Mark Culhane Sold 69,006 Shares

EVP & CFO of Demandtec Inc (DMAN) Mark Culhane sold 69,006 shares on 01/13/2011 at an average price of $13. Headquartered in San Carlos, California, DemandTec's suite of on-demand applications empowers retailers and consumer products companies to optimize pricing, promotion, and other strategic decisions in order to achieve their revenue, profitability and sales volume objectives. Demandtec Inc has a market cap of $392 million; its shares were traded at around $13.03 with and P/S ratio of 5.

Demandtec Inc. recently announced its third quarter 2011 results ended November 30, 2010. During this quarter, the company reports revenue of $21.7 million compared to $20.1 million prior year quarter. GAAP gross profit for the company in its third quarter was $14.2 million, an increase from $13.7 million prior year quarter.

Hedge Fund Gurus that owns DMAN:

George Soros of Soros Fund Management LLC, Steven Cohen of SAC Capital Advisors.

Mutual Fund and Other Gurus that owns DMAN:

Pioneer Investments.

For details of gurus' trades and ownership with DMAN, click here

Sell: President & CEO Daniel R Fishback sold 160,000 shares of DMAN stock on 01/19/2011 at the average price of 13.25. EVP & CFO Mark Culhane sold 69,006 shares of DMAN stock on 01/13/2011 at the average price of 13. Sr. VP of Worldwide Sales Michael Bromme sold 50,000 shares of DMAN stock on 01/06/2011 at the average price of 12.06.

For details of insider trades and ownership of DMAN, click here

Novellus Sys (NVLS): VP and CFO John Hertz Sold 45,000 Shares

VP and CFO of Novellus Sys (NVLS) John Hertz sold 45,000 shares on 01/14/2011 at an average price of $36. Novellus Systems Inc. manufactures, markets and services advanced deposition and surface preparation equipment for today's advanced integrated circuits. Novellus Sys has a market cap of $3 billion; its shares were traded at around $34.94 with a P/E ratio of 13.8 and P/S ratio of 4.6.

Novellus Sys announced its third quarter 2010 results on October 26, 2010. Net sales for the third quarter were $367.2 million, an increase of 14.3 percent from prior year quarter. Net income was $76.3 million, compared to $63.3 million prior year quarter.

Hedge Fund Gurus that owns NVLS:

Private Capital of Private Capital Management, Bruce Kovner of Caxton Associates, Jim Simons of Renaissance Technologies LLC, Steven Cohen of SAC Capital Advisors, Kenneth Fisher of Fisher Asset Management, LLC.

Mutual Fund and Other Gurus that owns NVLS:

Robert Olstein of Olstein Financial Alert Fund, Chuck Royce of Royce& Associates.

For details of gurus' trades and ownership with NVLS, click here

Sell: CEO Richard Hill sold 347,936 shares of NVLS stock in December and January. VP and CFO John Hertz sold 45,000 shares of NVLS stock on 01/14/2011 at the average price of 36. COO Timothy Archer and EVP, Semiconductor Sys. Prods. Fusen Ernie Chen both sold shares of NVLS stock.

For details of insider trades and ownership of NVLS, click here

Tibco Software (TIBX): EVP, CFO Sydney Carey Sold 30,000 Shares

EVP, CFO of Tibco Software (TIBX) Sydney Carey sold 30,000 shares on 01/14/2011 at an average price of $20.93. Tibco Software Inc. is a provider of software solutions that enable businesses to integrate internal operations, business partners and customer channels in real- time. Tibco Software has a market cap of $3.27 billion; its shares were traded at around $21.15 with a P/E ratio of 33.8 and P/S ratio of 4.2. Tibco Software had an annual average earning growth of 19.6% over the past 5 years.

Tibco Software announced its third quarter 2010 results. For its third quarter ended August 29, 2010, the company reported revenues of $184.5 million compared to $150.3 million prior year quarter. Net income of the company was $14.9 million.

Hedge Fund Gurus that owns TIBX:

Private Capital of Private Capital Management, Bruce Kovner of Caxton Associates, Steven Cohen of SAC Capital Advisors, Kenneth Fisher of Fisher Asset Management, LLC.

Mutual Fund and Other Gurus that owns TIBX:

Pioneer Investments, Jeremy Grantham of GMO LLC.

For details of gurus' trades and ownership with TIBX, click here

Sell: EVP, CFO Sydney Carey sold 30,000 shares of TIBX stock on 01/14/2011 at the average price of 20.93. EVP, Global Field Opns Murat Sonmez sold 140,714 shares of TIBX stock on 01/14/2011 at the average price of 21.02. EVP, Products & Engineering Thomas J Laffey and EVP, COO Murray D Rode also sold shares of TIBX stock.

For details of insider trades and ownership of TIBX, click here

For the complete list of stocks that Sold by their CFOs, go to: Insider Buys.

  • 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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