Weekly CFO Sells Highlight: ONNN, CVC, RATE, LPI, MCK

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Aug 20, 2012
According to GuruFocus Insider Data, the largest CFO sells during the past week were: ON Semiconductor Corp., Cablevision Systems Corporation, Bankrate Inc., Laredo Petroleum Holdings Inc. and McKesson Corporation.


ON Semiconductor Corp. (ONNN, Financial): Executive Vice President and CFO Donald A. Colvin Sold 200,000 Shares


Executive Vice President and CFO Donald A. Colvin sold 200,000 shares of ONNN stock on 08/10/2012 at the average price of $6.87. Donald A. Colvin owns at least 677,743 shares after this. The price of the stock has decreased by 5.39% since.


ON Semiconductor Corp. is a supplier of broadband and power management integrated circuits and standard semiconductors used in numerous advanced devices ranging from high-speed fiber optic networking equipment to the precise power management functions found in portable electronics. ON Semiconductor Corp. has a market cap of $2.95 billion; its shares were traded at around $6.5 with a P/E ratio of 10.16 and P/S ratio of 0.86.


ON Semiconductor Corp. reported second quarter 2012 revenues of $744.8 million, which was unchanged from prior year quarter. GAAP net income was $6.9 million ($0.02 per share). Non-GAAP income was $65 million ($0.14 per share), compared to $57.5 million ($0.12 per share) last year.


Other insiders have also recently sold shares of ONNN stock.


Cablevision Systems Corporation (CVC, Financial): Executive Vice President and CFO Gregg G. Seibert Sold 154,400 Shares


Executive Vice President and CFO Gregg G. Seibert sold 154,400 shares of CVC stock on 08/14/2012 at the average price of $15.49. Gregg G. Seibert owns at least 319,591 shares after this. The price of the stock has decreased by 2.45% since.


Cablevision Systems Corp. is one of the nation's entertainment and telecommunications companies. Cablevision Systems Corporation has a market cap of $4.1 billion; its shares were traded at around $15.11 with a P/E ratio of 18.02 and P/S ratio of 0.61. The dividend yield of Cablevision Systems Corporation stocks is 3.96%. Cablevision Systems Corporation had an annual average earnings growth of 9% over the past 10 years.


Cablevision Systems Corporation has reported second quarter 2012 consolidated net revenues of $1.697 billion, a 0.5% increase. Adjusted operating cash flow decreased 7.2% to $532.4 million, and consolidated operating income decreased 16.7% to $260.3 million from prior year quarter.


Bankrate Inc (RATE, Financial): Senior Vice President and CFO Edward J. Dimaria Sold 107,177 Shares


Senior Vice President and CFO Edward J. Dimaria sold 107,177 shares of RATE stock on 08/13/2012 at the average price of $19.27. Edward J. Dimaria owns at least 195,094 shares after this. The price of the stock has decreased by 2.49% since.


Bankrate Inc. is an aggregator of financial rate information. Bankrate Inc. has a market cap of $1.88 billion; its shares were traded at around $18.79 with a P/E ratio of 29.36 and P/S ratio of 4.43.


Bankrate Inc. has released its second quarter 2012 results. Total revenues in this quarter were $122.1 million compared with $98.4 million in the same quarter last year. Net income for the quarter was $16.3 million ($0.16 per share), compared to a loss of $39.7 million prior year quarter ($0.44 per share). Gross margin increased to 69.3% in this quarter.


Senior Vice President and Chief Technology Officer Daniel P. Hoogterp and Senior Vice President Business Development and Construction Marketing Michael Ricciardelli both also sold shares of RATE stock recently.


Laredo Petroleum Holdings Inc (LPI, Financial): Senior Vice President and CFO W. Mark Womble Sold 105,000 Shares


Senior Vice President and CFO of Laredo Petroleum Holdings Inc. (LPI) W. Mark Womble sold 105,000 shares during the past week at an average price of $22.51.


Laredo Petroleum Holdings Inc. is engaged in the exploration, development and acquisition of oil and natural gas properties in the Permian and Mid-Continent regions of the U.S. Laredo Petroleum Holdings Inc has a market cap of $2.88 billion; its shares were traded at around $22.53 with and P/S ratio of 5.65.


Laredo Petroleum Holdings Inc. has announced its second quarter 2012 results. In this quarter, the company increased revenues by 7% from last year to $140.0 million. Net income was $31.0 million ($0.24 per share). Also during this quarter, the company increased crude oil production by 44% over prior year quarter.


McKesson Corporation (MCK, Financial): Executive Vice President and CFO Jeffrey C. Campbell Sold 63,000 Shares


Executive Vice President and CFO Jeffrey C. Campbell sold 63,000 shares of MCK stock on 08/15/2012 at the average price of $88.8. Jeffrey C. Campbell owns at least 68,517 shares after this. The price of the stock has decreased by 2.69% since.


McKesson Corporation, the world's largest health care service and technology company, delivers unique supply and information management solutions that reduce costs and improve quality for its health care customers. McKesson Corporation has a market cap of $20.41 billion; its shares were traded at around $86.41 with a P/E ratio of 12.96 and P/S ratio of 0.17. The dividend yield of McKesson Corporation stocks is 0.93%. McKesson Corporation had an annual average earnings growth of 12.4% over the past 10 years. GuruFocus rated McKesson Corporation the business predictability rank of 4.5-star.


McKesson Corporation has released its fiscal first quarter 2013 results. For this quarter, the company reported revenues of $30.8 billion, up 3% over last year. GAAP EPS was $1.58, up 40% over prior year quarter. Adjusted EPS was up 22% to $1.55.


Executive Vice President and Group President Paul C. Julian sold 36,250 shares of MCK stock on 08/07/2012 at the average price of $88.46.


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