Weekly CFO Sells Highlights: HTM, OVTI, VSEA, KSWS, GERN, ATRC

Author's Avatar
Jun 19, 2011
According to GuruFocus Insider Data, the largest CFO sells during the past week were: U.S. Geothermal Inc. (HTM, Financial), OmniVision Technologies Inc. (OVTI, Financial), Varian Semiconductor Equipment Associates Inc. (VSEA, Financial), KSwiss Inc. (KSWS, Financial), Geron Corp. (GERN, Financial), and AtriCure Inc. (ATRC, Financial).


U.S. Geothermal Inc. (HTM): CFO Kerry D. Hawkley Sold 50,000 Shares

CFO of U.S. Geothermal Inc. (HTM) Kerry D. Hawkley sold 50,000 shares on June 10, 2011, at an average price of $0.82. U.S. Geothermal is a renewable energy development company that is currently developing a geothermal power project at Raft River, Idaho and conducting exploration activities at Neal Hot Springs, Oregon. U.S. Geothermal Inc. has a market cap of $61.9 million; its shares were traded at around $0.7375 with and P/S ratio of 23.9.


Sell: CFO Kerry D. Hawkley sold 50,000 shares of HTM stock on 06/10/2011 at the average price of $0.82. Kerry D. Hawkley owns at least 125,000 shares after this.


OmniVision Technologies Inc. (OVTI): CFO/VP of Finance Anson Hoi-fung Chan Sold 50,000 Shares

CFO/VP of Finance of OmniVision Technologies Inc. (OVTI) Anson Hoi-fung Chan sold 50,000 shares on 06/15/2011 at an average price of $31.19. OmniVision Technologies Inc. designs, develops and markets high performance, high quality and cost efficient semiconductor imaging devices for computing, communications and consumer electronics applications. Omnivision Technologies Inc. has a market cap of $1.71 billion; its shares were traded at around $29.67 with a P/E ratio of 13.9 and P/S ratio of 1.8.


OmniVision Technologies Inc. recently released its fourth quarter 2011 results. During this quarter, the company reported revenues of $253.8 million compared to $265.7 million during the third quarter last year and $157.2 million for the fourth quarter 2010. Non-GAAP net income was $40.8 million compared to $51.0 million in the third quarter of 2010.


Sell: CFO/VP of Finance Anson Hoi-fung Chan sold 50,000 shares of OVTI stock on 06/15/2011 at the average price of $31.19. Anson Hoi-fung Chan owns at least 14,957 shares after this. The price of the stock has decreased by 4.87% since. VP of Global Mgmt & GC Yunhwa Vicky Chou sold 50,000 shares of OVTI stock on 06/07/2011 at the average price of $34.25.


Varian Semiconductor Equipment Associates Inc. (VSEA): EVP and CFO Robert J. Halliday Sold 42,001 Shares

EVP and CFO of Varian Semiconductor Equipment Associates Inc. (VSEA) Robert J. Halliday sold 42,001 shares on 06/15/2011 at an average price of $61.3. Varian Semiconductor Equipment Associates is the supplier of ion implant equipment to semiconductor manufacturers, enabling them to pack more, higher performing transistors into computer chips that are revolutionizing the electronics industry. Varian Semiconductor Equipment Associates Inc. has a market cap of $4.61 billion; its shares were traded at around $61.14 with a P/E ratio of 18 and P/S ratio of 5.6.


Varian Semiconductor Equipment Associates Inc. was recently bought by Agilent Technologies (A).


Sell: CEO Gary E. Dickerson sold 223,260 shares of VSEA stock on 06/07/2011 at the average price of $61.45. EVP and CFO Robert J. Halliday sold a total of 42,001 shares of VSEA stock on 06/15/2011 at the average price of $61.3. Robert J. Halliday owns at least 67,313 shares after this. The price of the stock has decreased by 0.26% since. Other insiders have sold shares of VSEA stock as well.


KSwiss Inc. (KSWS): Vice President Finance/CFO George Powlick Sold 40,000 Shares

Vice President Finance/CFO of KSwiss Inc. (KSWS) George Powlick sold 40,000 shares onb06/10/2011 at an average price of $9.39. K-Swiss Inc. designs, develops and markets a growing array of athleticbfootwear for high performance sports use, fitness activities and casual wear. Kswiss Inc. has a market cap of $364.2 million; its shares were traded at around $10.28 with and P/S ratio of 1.7.


For its first quarter 2011, KSwiss Inc. reported net loss of $9.8 million compared to a Net loss of $4.7 million prior year quarter. Total revenues were $72.6 million compared to $65.9 million prior year quarter.


Sell: Vice President Finance/CFO George Powlick sold 40,000 shares of KSWS stock on 06/10/2011 at the average price of $9.39. George Powlick owns at least 197,136 shares after this. The price of the stock has increased by 9.48% since.


Geron Corp. (GERN): President, Interim CEO, CFO David Greenwood Sold 34,005 Shares

President, Interim CEO, CFO of Geron Corp. (GERN) David Greenwood sold 34,005 shares on 06/14/2011 at an average price of $4.28. Geron Corporation is a scientific research company that is developing techniques for the health services industry. Geron Corp. has a market cap of $497.9 million; its shares were traded at around $3.86 with and P/S ratio of 139.9. Geron Corp. had an annual average earnings growth of 7.8% over the past 5 years.


For its first quarter 2011, Geron Corp. reported operating revenue of $1.5 million compared to $918,000 prior year quarter. Net loss was $24.4 million compared to net loss of $16.6 million last year.


President, Interim CEO, CFO David Greenwood sold 34,005 shares of GERN stock on 06/14/2011 at the average price of $4.28. David Greenwood owns at least 754,031 shares after this. The price of the stock has decreased by 9.81% since. Other insiders have sold shares of GERN stock during the past week as well.


AtriCure Inc. (ATRC): VP Fin & Admin & CFO Julie A. Piton Sold 33,770 Shares

VP Fin & Admin & CFO of AtriCure Inc. (ATRC) Julie A. Piton sold 33,770 shares on 06/13/2011 at an average price of $14.05. AtriCure Inc. is a medical device company focused on developing, manufacturing and selling innovative surgical devices to create precise lesions, or scars, in soft tissues. Atricure Inc. has a market cap of $203.5 million; its shares were traded at around $12.66 with and P/S ratio of 3.4.


AtriCure Inc. has released its first quarter 2011 results. For this quarter, the company reported total revenue growth of 12% to $15.6 million. Gross profit was $11.9 million compared to $10.7 million prior year quarter.


Sell: President and CEO and Director David J. Drachman sold 30,000 shares of ATRC stock on 06/13/2011 at the average price of $14. Fin & Admin & CFO Julie A. Piton sold 33,770 shares of ATRC stock on 06/13/2011 at the average price of $14.05. Julie A. Piton owns at least 85,922 shares after this. The price of the stock has decreased by 9.89% since.


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