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Weekly CEO Buys Highlight: MASI, ITRI, FSL, PTP, SLB

October 29, 2011 | About:
GuruFocus

hyperman299

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According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

Masimo Corp. (MASI): CEO and Chairman of the Board Joe E Kiani Bought 64,596 Shares

CEO and Chairman of the Board of Masimo Corp. (MASI) Joe E Kiani bought 64,596 shares on 10/28/2011 at an average price of $20.24. Masimo develops innovative monitoring technologies that significantly improve patient care -- helping solve `unsolvable` problems. Masimo Corp. has a market cap of $1.21 billion; its shares were traded at around $20.24 with a P/E ratio of 18.4 and P/S ratio of 3.

Masimo's total third quarter revenue, including royalties, rose 3% to $104.0 million, compared to $101.0 million for 2010's third quarter. The company's third quarter product revenue rose 10% to $97.6 million, compared to $88.8 million for the third quarter of 2010. For the third quarter of 2011, the company's worldwide end-user business grew 18%, while OEM sales were down 20%.

Ron Baron owns 1,735,500 shares as of 06/30/2011, which accounts for 0.2862% of the $18 billion portfolio of Baron Funds.

EVP, CIO, Regulatory Affairs Yongsam Lee sold 9,000 shares of MASI stock on 07/19/2011 at the average price of 30.64. Yongsam Lee owns at least 67,000 shares after this. The price of the stock has decreased by 33.94% since.

Itron Inc. (ITRI): President and CEO Leroy D Nosbaum Bought 27,000 Shares

President and CEO of Itron Inc. (ITRI) Leroy D Nosbaum bought 27,000 shares on 10/28/2011 at an average price of $37.22. Itron, Inc. provides integrated system solutions for collecting, communicating, analyzing and managing information about energy and water usage. Itron Inc. has a market cap of $1.51 billion; its shares were traded at around $37.22 with a P/E ratio of 9 and P/S ratio of 0.7. Itron Inc. had an annual average earnings growth of 16.7% over the past 10 years. GuruFocus rated Itron Inc. the business predictability rank of 3.5-star.

ITRI recently reported its third quarter 2011 results. Revenues increased $42 million, or 7 percent, for the quarter and $153 million, or 9 percent, for the nine-month period compared to the respective periods last year. Excluding a favorable effect from changes in foreign currency exchange rates for the quarter and nine-month period of $28 million and $68 million, respectively, revenue grew 2 percent and 5 percent over the same periods in 2010.

Chairman of the Board Jon E Eliassen bought 1,000 shares of ITRI stock on 10/28/2011 at the average price of 37.36. Jon E Eliassen owns at least 10,812 shares after this. The price of the stock has decreased by 0.37% since.

Freescale Semiconductor (FSL): CEO Richard M Beyer Bought 40,000 Shares

CEO of Freescale Semiconductor (FSL) Richard M Beyer bought 40,000 shares on 10/25/2011 at an average price of $13.7. Freescale Semiconductor Holdings I, Ltd. processes semiconductors and solutions for automotive, networking, industrial, and consumer markets worldwide. Freescale Semiconductor has a market cap of $3.36 billion; its shares were traded at around $13.7 .

FSL recently reported its third quarter 2011 results. Net sales for the third quarter of 2011 were $1.14 billion, compared to $1.22 billion in the second quarter of 2011 and $1.15 billion in the third quarter of 2010.

Daniel Loeb bought 2,459,000 shares in the quarter that ended on 06/30/2011, which is 1.676% of the $2.7 billion portfolio of Third Point, LLC. George Soros owns 235,000 shares as of 06/30/2011, which accounts for 0.0608% of the $7.11 billion portfolio of Soros Fund Management LLC.

Platinum Underwriters Holdings Ltd. (PTP): Platinum US President and CEO H Elizabeth Mitchell Bought 14,000 Shares

Platinum US President and CEO of Platinum Underwriters Holdings Ltd. (PTP) H Elizabeth Mitchell bought 14,000 shares on 10/20/2011 at an average price of $34.42. Platinum Underwriters Holdings, Ltd. provides property and casualty reinsurance coverages to a diverse clientele on a worldwide basis. Platinum Underwriters Holdings Ltd. has a market cap of $1.28 billion; its shares were traded at around $34.42 with and P/S ratio of 1.3. The dividend yield of Platinum Underwriters Holdings Ltd. stocks is 1%.

PTP recently reported its third quarter 2011 financial results. The results for the quarter include net premiums earned of $166.8 million, net favorable development of$27.8 million, net investment income of $29.8 million and net realized gains on investments of $7.5 million. The results also reflect the net negative impact of $112.4 million from major catastrophe losses, net of retrocessional coverage, reinstatement premiums and taxes.

Arnold Schneider owns 138,824 shares as of 06/30/2011, an increase of 42.24% from the previous quarter. This position accounts for 0.2673% of the $1.73 billion portfolio of Schneider Capital Management. Donald Smith owns 753,531 shares as of 06/30/2011, an increase of 17.97% from the previous quarter. This position accounts for 0.8094% of the $3.09 billion portfolio of Donald Smith & Co..

EVP & CFO Allan Carl Decleir bought 3,300 shares of PTP stock on 10/20/2011 at the average price of 30.12. Allan Carl Decleir owns at least 12,496 shares after this. The price of the stock has increased by 14.28% since.

Schlumberger Ltd. (SLB): CEO Paal Kibsgaard Bought 6,000 Shares

CEO of Schlumberger Ltd. (SLB) Paal Kibsgaard bought 6,000 shares on 10/25/2011 at an average price of $75.96. Schlumberger Limited is a global technology services company consisting of two business segments, Schlumberger Oilfield Services and SchlumbergerSema. Schlumberger Ltd. has a market cap of $102.5 billion; its shares were traded at around $75.96 with a P/E ratio of 22.3 and P/S ratio of 3.7. The dividend yield of Schlumberger Ltd. stocks is 1.3%. Schlumberger Ltd. had an annual average earnings growth of 6.3% over the past 5 years.

T Boone Pickens bought 135,822 shares in the quarter that ended on 06/30/2011, which is 3.6221% of the $324 million portfolio of BP Capital. Andreas Halvorsen bought 1,397,600 shares in the quarter that ended on 06/30/2011, which is 1.0106% of the $11.95 billion portfolio of Viking Global Investors LP. Ken Heebner owns 585,000 shares as of 06/30/2011, a decrease of 75.17% of from the previous quarter. This position accounts for 0.8326% of the $6.07 billion portfolio of Capital Growth Management LP.

SLB recently reported its third quarter 2011 results. Income from continuing operations attributable to Schlumberger, excluding charges and credits, was $1.32 billion--an increase of 12% sequentially and 51% year-on-year. Diluted earnings-per-share from continuing operations, excluding charges and credits, was $0.98 versus $0.87 in the previous quarter, and $0.70 in the third quarter of 2010.

Director Michael E Marks bought 2,700 shares of SLB stock on 08/11/2011 at the average price of 74.6. Michael E Marks owns at least 32,500 shares after this. The price of the stock has increased by 1.82% since.


Rating: 3.1/5 (10 votes)

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