Weekly CFO Sells Highlight: SWKS, P, SGEN, RT

Author's Avatar
Jun 11, 2012
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Skyworks Solutions, Pandora Media, Seattle Genetic and Ruby Tuesday.


Skyworks Solutions (SWKS, Financial): Vice President and CFO Donald W. Palette Sold 93,761 Shares


Vice President and CFO Donald W. Palette sold 93,761 shares of SWKS stock on 06/07/2012 at the average price of $28.51. Donald W. Palette owns at least 107,500 shares after this. The price of the stock has decreased by 1.93% since.


Skyworks Solutions Inc. is a wireless semiconductor company focused on radio frequency (RF) and completes semiconductor system solutions for mobile communications applications. Skyworks Solutions has a market cap of $5.3 billion; its shares were traded at around $27.96 with a P/E ratio of 18.64 and P/S ratio of 3.74.


Skyworks Solutions recently released its second quarter 2012 results. For this quarter, the company reported revenues of $364.7 million – up 12% compared to $325.4 million in the same quarter in 2011. GAAP operating income was $43.8 million and Non-GAAP diluted EPS were $0.42. During this quarter, Skyworks Solutions generated $117 million in cash flow from operations.


President and CEO David J. Aldrich sold 35,000 shares of SWKS stock on 06/06/2012 at the average price of $27.83. Multiple other insiders also sold shares of SWKS stock during the past week.


Pandora Media (P, Financial): CFO Steven Cakebread Sold 40,000 Shares


CFO Steven Cakebread sold 40,000 shares of P stock on 06/01/2012 at the average price of $10.17. The price of the stock has increased by 8.55% since.


Pandora Media Inc. operates as a provider of Internet radio in the U.S. Pandora Media has a market cap of $1.82 billion; its shares were traded at around $11.04 with and P/S ratio of 6.64.


Pandora Media has released its fiscal first quarter 2013 results. The company reported that first quarter revenue rose 58% over the same quarter in 2012 to $80.8 million. Active users increased 53% over last year to 51.9 million. GAAP net loss per share was $0.12. The company ended this quarter with $80.6 million in cash and equivalents.


Chief Revenue Officer John Trimble, Director Robert M Kavner, and multiple other insiders also sold shares of P stock.


Seattle Genetic (SGEN, Financial): CFO Todd E Simpson Sold 35,000 Shares


CFO Todd E. Simpson sold 35,000 shares of SGEN stock on 06/08/2012 at the average price of $22.97. Todd E. Simpson owns at least 50,762 shares after this. The price of the stock has increased by 2.44% since.


Seattle Genetic develops monoclonal antibody-based drugs to treat cancer and related diseases. Seattle Genetic has a market cap of $2.75 billion; its shares were traded at around $23.53 with and P/S ratio of 29.05. Seattle Genetic had an annual average earnings growth of 3.2% over the past 10 years.


Seattle Genetic reported first quarter 2012 revenues of $48.2 million, compared to $12.2 million prior year quarter. Net loss for this quarter was $12.3 million ($0.11 per share), compared to a loss of $32.7 million ($0.30) in the same quarter last year.


Executive Vice President Process Sciences Morris Rosenberg, and Director David W. Gryska both also sold shares of SGEN stock.


Ruby Tuesday (RT, Financial): Senior Vice President and CFO Marguerite N. Duffy Sold 30,800 Shares


Senior Vice President and CFO Marguerite N. Duffy sold 30,800 shares of RT stock on 06/06/2012 at the average price of $6.95. Marguerite N Duffy owns at least 127,816 shares after this. The price of the stock has decreased by 0.14% since.


Ruby Tuesday operates casual dining concepts comprised of Ruby Tuesday, Mozzarella's & Tia's. Ruby Tuesday has a market cap of $442.71 million; its shares were traded at around $6.94 with a P/E ratio of 15.42 and P/S ratio of 0.35. Ruby Tuesday had an annual average earnings growth of 0.1% over the past 10 years.


Ruby Tuesday reported third quarter 2012 net income of $4.5 million ($0.07 per share), compared to $16 million in prior year quarter ($0.25 per share). During this quarter, Ruby Tuesday announced plans to inquire Lime Fresh Mexican Grill for $24 million.


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