Weekly CFO Buys Highlight: PXLW, NGPC, MS, CHMT, AFFX

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Aug 15, 2011
According to GuruFocus Insider Data, these are the largest CFO buys during the past week: Pixelworks Inc., NGP Capital Resources Company, Morgan Stanley, Chemtura, and Affymetrix Inc.


b]Pixelworks Inc. (PXLW, Financial): VP, CFO & Treasurer Steven L. Moore Bought 40,000 Shares[/b]


VP, CFO & Treasurer of Pixelworks Inc. (PXLW) Steven L. Moore bought 40,000 shares on 08/08/2011 at an average price of $2.15. Pixelworks Inc. designs, develops and markets semiconductors and software that enable the visual display of broadband content through a wide variety of electronic devices. Pixelworks Inc. has a market cap of $39.76 million; its shares were traded at around $2.24 with and P/S ratio of 0.57.


Pixelworks Inc. announced financial results for the second quarter ended June 30, 2011. Revenue increased 6.7% sequentially to $15.7 million. On a non-GAAP basis, second quarter 2011 gross profit margin was 48.3%, up from 45.5% in the first quarter of 2011 and down slightly from 49.0% in the second quarter of 2010, primarily as a result of product mix.


President and CEO Bruce A Walicek, VP, CFO & Treasurer Steven L. Moore, Director James R. Fiebiger bought shares of PXLW stock.


NGP Capital Resources Company (NGPC, Financial): CFO L. Scott Biar Bought 26,000 Shares


CFO of NGP Capital Resources Company (NGPC) L. Scott Biar bought 26,000 shares on 08/12/2011 at an average price of $6.94. NGP Capital Resources Company is a new financial services company organized by Natural Gas Partners to invest primarily in debt securities of small and mid-size energy companies. NGP Capital Resources Company has a market cap of $148.15 million; its shares were traded at around $7.29 with a P/E ratio of 11.42 and P/S ratio of 6.28. The dividend yield of NGP Capital Resources Company stocks is 10.51%.


NGP Capital Resources Company announced its financial results for the three- and six-months ended June 30, 2011. Net asset value was $208.3 million, or $9.63 per share.


CEO Stephen Gardner and CFO L. Scott Biar bought shares of NGPC stock.


Morgan Stanley (MS, Financial): CFO Ruth Porat Bought 25,000 Shares


CFO of Morgan Stanley (MS) Ruth Porat bought 25,000 shares on 08/04/2011 at an average price of $20.5. Morgan Stanley is a preeminent global financial services firm that maintains market positions in each of its three primary businesses: securities; asset management; and credit services. Morgan Stanley has a market cap of $26.09 billion; its shares were traded at around $18.21 with a P/E ratio of 30.16 and P/S ratio of 0.83. The dividend yield of Morgan Stanley stocks is 1.18%. Morgan Stanley had an annual average earnings growth of 2.1% over the past 10 years.


President and CEO James P. Gorman, CFO Ruth Porat, and Director Hutham S. Olayan bought shares of MS stock.


Chemtura (CHMT, Financial): Executive Vice President & CFO Stephen C. Forsyth Bought 10,000 Shares


Executive Vice President & CFO of Chemtura (CHMT) Stephen C. Forsyth bought 10,000 shares on 08/09/2011 at an average price of $12.32. Chemtura Corporation is a global manufacturer and marketer of specialty chemicals, crop protection and pool, spa and home care products. Chemtura has a market cap of $1.34 billion; its shares were traded at around $13.41 with a P/E ratio of 2.01 and P/S ratio of 0.48.


Chemtura Corporation announced financial results for the second quarter ended June 30, 2011. For the second quarter of 2011, Chemtura reported net sales of $876 million and net earnings from continuing operations on a GAAP basis of $69 million, or $0.69 per share. Net earnings on a managed basis were $51 million, or $0.51 per share.


President and CEO Craig A Rogerson, Executive Vice President & CFO Stephen C Forsyth, and Director Jeffrey D. Benjamin bought shares of CHMT.


Affymetrix Inc. (AFFX, Financial): CFO Timothy C. Barabe Bought 10,000 Shares


CFO of Affymetrix Inc. (AFFX) Timothy C. Barabe bought 10,000 shares on 08/04/2011 at an average price of $4.75. Affymetrix scientists invented the world's first high-density microarray and began selling the first commercial microarray. Affymetrix Inc. has a market cap of $344.89 million; its shares were traded at around $4.78 with and P/S ratio of 1.11.


Affymetrix Inc. reported its operating results for the second quarter of 2011. Total revenue for the quarter was $64.7 million, as compared to total revenue of $71.7 million in the second quarter of 2010. The ompany reported a loss of $3.7 million, or $0.05 per diluted share, in the second quarter of 2011. This compares to net loss of $5.5 million, or $0.08 per diluted share, in the same period of 2010.


CFO Timothy Barabe bought shares of AFFX stock.


Director John D. Diekman sold shares of AFFX stock.


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