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Weekly CFO Sales Highlight: INFA, DHR, AN, SMTC, ZLTQ

October 30, 2011 | About:
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According to GuruFocus Insider Data, the largest CFO sells during the past week were Informatica Corp., Danaher Corp., AutoNation Inc., Semtech Corp., and ZELTIQ Aesthetics Inc.

Informatica Corp. (INFA): CFO, CAO, Executive Vice President-GCS, Secretary Earl E. Fry Sold 109,403 Shares

CFO, CAO, executive vice president-GCS, secretary of Informatica Corp. (INFA) Earl E. Fry sold 109,403 shares on 10/25/2011 at an average price of $44.49. Informatica Corp. is a provider of software solutions that help large companies deploy, manage, maintain and grow systems that enable more effective business decision making. Informatica Corp. has a market cap of $5.1 billion; its shares were traded at around $47.82 with a P/E ratio of 44.2 and P/S ratio of 7.7. Informatica Corp. had an annual average earnings growth of 33.2% over the past five years.

For its third quarter, Informatica Corp. reported total revenues of $195.9 million, which was an increase of 21% from the prior-year quarter. GAAP EPS was reported at $0.24 compared to last year’s $0.21.

CFO, CAO, executive vice president-GCS, secretary Earl E. Fry sold 109,403 shares of INFA stock on 10/25/2011 at the average price of $44.49. Earl E. Fry owns at least 255,057 shares after this. The price of the stock has increased by 7.48% since. Executive vice president, chief technology officer James Markarian sold 48,000 shares of INFA stock on 10/27/2011 at the average price of $46.65.

Danaher Corp. (DHR): Executive Vice President and CFO Daniel L. Comas Sold 150,000 Shares

Executive vice president and CFO of Danaher Corp. (DHR) Daniel L. Comas sold 150,000 shares during the past week at an average price of $48. Danaher Corporation conducts its operations through two business segments: Process/Environmental Controls and Tools and Components. Danaher Corp. has a market cap of $34.87 billion; its shares were traded at around $50.86 with a P/E ratio of 18.9 and P/S ratio of 2.7. The dividend yield of Danaher Corp. stocks is 0.2%. Danaher Corp. had an annual average earnings growth of 13.8% over the past 10 years. GuruFocus rated Danaher Corp. the business predictability rank of 3.5-star.

For its third quarter in 2011, Danaher Corp. reported total net earnings of $523.4 million, down 20% from prior year quarter (GAAP). Sales from continuing operations were $4.1 billion – 46% higher than the $3.1 billion reported in the third quarter 2010.

President and CEO H. Lawrence Jr. Culp sold 335,545 shares of DHR stock on 10/27/2011 at the average price of $48.76. Executive vce president and CFO Daniel L. Comas sold 150,000 shares of DHR stock during the past week at the average price of $49.79. Daniel L. Comas owns at least 184,875 shares after this. The price of the stock has increased by 2.15% since. Other insiders sold shares of DHR stock as during the past week as well.

AutoNation Inc. (AN): Executive Vice President and CFO Michael J. Short Sold 80,000 Shares

Executive vice president and CFO of AutoNation Inc. (AN) Michael J. Short sold 80,000 shares on 10/24/2011 at an average price of $40. AutoNation, Inc. is the one of the largest automotive retailers in the U.S. AutoNation Inc. has a market cap of $5.78 billion; its shares were traded at around $39.62 with a P/E ratio of 21.1 and P/S ratio of 0.5. AutoNation Inc. had an annual average earnings growth of 3.9% over the past 10 years.

In its third quarter of 2011, AutoNation Inc. reported record EPS of $0.48, up 23% from last year’s $0.39. Operating income was $144.1 million, a 19% increase from prior year quarter and total revenue increased 7% to $3.5 billion.

Chairman and CEO Michael J. Jackson sold 229,800 shares of AN stock on 10/25/2011 at the average price of $40.11. Executive vice president and CFO Michael J. Short sold 80,000 shares of AN stock on 10/24/2011 at the average price of $40.

Semtech Corp. (SMTC): Senior Vice President and CFO Emeka Chukwu Sold 46,000 Shares

Senior vice president and CFO of Semtech Corp. (SMTC) Emeka Chukwu sold 46,000 shares on 10/27/2011 at an average price of $25.4. Semtech designs, manufactures and markets a wide range of analog and mixed-signal semiconductors, including Standard Semiconductor Products, Rectifier and Assembly Products and Other Products. Semtech Corp. has a market cap of $1.68 billion; its shares were traded at around $25.32 with a P/E ratio of 15.6 and P/S ratio of 3.5. Semtech Corp. had an annual average earnings growth of 7.1% over the past 10 years.

During its second quarter 2012, Semtech Corp. reported revenues of $130.3 million – up 15% from prior year quarter and net income of $27.1 million – up from the $19.7 million reported last year. Gross profit margin was 60.4 percent.

President and CEO Mohan Maheswaran sold 25,000 shares of SMTC stock on 10/26/2011 at the average price of $23.73. Senior vice president and CFO Emeka Chukwu sold 46,000 shares of SMTC stock on 10/27/2011 at the average price of $25.4. Emeka Chukwu owns at least 27,889 shares after this. The price of the stock has decreased by 0.31% since.

ZELTIQ Aesthetics Inc. (ZLTQ): CFO and Senior Vice President John F. Howe Sold 45,000 Shares

CFO and senior vice president John F. Howe sold 45,000 shares of ZLTQ stock on 10/24/2011 at the average price of $13. The price of the stock has increased by 13.62% since. CEO and President Gordon E. Nye sold shares of ZLTQ stock as well.

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

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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