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Atmel Corp. (ATML) President & CEO Steven Laub sells 480,323 Shares

February 16, 2011 | About:
insider

insider

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President & CEO of Atmel Corp. (ATML) Steven Laub sells 480,323 shares of ATML on 02/14/2011 at an average price of $16.44 a share.

Atmel Corp. has a market cap of $7.2 billion; its shares were traded at around $15.71 with a P/E ratio of 33.4 and P/S ratio of 4.3.

Hedge Fund Gurus that owns ATML: Jim Simons of Renaissance Technologies LLC, Bruce Kovner of Caxton Associates, George Soros of Soros Fund Management LLC, Steven Cohen of SAC Capital Advisors, Steven Cohen of SAC Capital Advisors. Mutual Fund and Other Gurus that owns ATML: RS Investment Management, Columbia Wanger of Columbia Wanger Asset Management, Jean-Marie Eveillard of First Eagle Investment Management, LLC, Jean-Marie Eveillard of First Eagle Investment Management, LLC, Pioneer Investments, Jeremy Grantham of GMO LLC.

This is the annual revenues and earnings per share of ATML over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of ATML.


CEO Recent Trades:


  • Sell: President & CEO Steven Laub sold 385,886 shares of ATML stock on 02/11/2011 at the average price of 16.09. Steven Laub owns at least 5,877,526 shares after this. The price of the stock has decreased by 2.36% since.

  • Sell: President & CEO Steven Laub sold 492,164 shares of ATML stock on 11/10/2010 at the average price of 10.09. Steven Laub owns at least 4,932,697 shares after this. The price of the stock has increased by 55.7% since.

  • Sell: President & CEO Steven Laub sold 307,836 shares of ATML stock on 11/09/2010 at the average price of 10.21. Steven Laub owns at least 5,105,864 shares after this. The price of the stock has increased by 53.87% since.


CFO Recent Trades:


  • Sell: VP Finance and CFO Stephen Cumming sold 89,678 shares of ATML stock on 02/11/2011 at the average price of 15.95. Stephen Cumming owns at least 748,790 shares after this. The price of the stock has decreased by 1.5% since.

  • Sell: VP Finance and CFO Stephen Cumming sold 69,930 shares of ATML stock on 11/11/2010 at the average price of 10.05. Stephen Cumming owns at least 668,777 shares after this. The price of the stock has increased by 56.32% since.

  • Sell: VP Finance and CFO Stephen Cumming sold 100,000 shares of ATML stock on 11/10/2010 at the average price of 10.02. Stephen Cumming owns at least 668,777 shares after this. The price of the stock has increased by 56.79% since.



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




Directors and Officers Recent Trades:


  • Buy: Director Charles Carinalli bought 20,000 shares of ATML stock on 08/31/2010 at the average price of 5.86. Charles Carinalli owns at least 98,500 shares after this.

  • Sell: EVP & COO Walter Lifsey sold 79,000 shares of ATML stock on 02/11/2011 at the average price of 15.93. Walter Lifsey owns at least 1,127,269 shares after this. The price of the stock has decreased by 1.38% since.

  • Sell: VP RFA and Non-Volatile Memory Rod Erin sold 44,925 shares of ATML stock on 02/11/2011 at the average price of 16.21. Rod Erin owns at least 1,007,399 shares after this. The price of the stock has decreased by 3.08% since.

  • Sell: Chief Accounting Officer David Mccaman sold 43,867 shares of ATML stock on 11/30/2010 at the average price of 10.66. David Mccaman owns at least 340,101 shares after this. The price of the stock has increased by 47.37% since.

  • Sell: Director Jack L Saltich sold 49,851 shares of ATML stock on 11/29/2010 at the average price of 10.75. Jack L Saltich owns at least 54,174 shares after this. The price of the stock has increased by 46.14% since.



For the complete insider trading history of ATML, click here.

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: 2.8/5 (5 votes)

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