President and CEO of International Rectifier (NYSE:IRF) Oleg Khaykin sold 55,954 shares on July 22, 2013 at an average price of $23.9. The total transaction amount was $1,337,301.
Oleg Khaykin has served as International Rectifier’s CEO, president and director since 2008. Before coming to this company, Mr. Khaykin worked at Amkor Technology, Conexant Systems Inc. and Boston Consulting Group.
Khaykin also sold about 124,000 shares of IRF stock in the beginning of July. Other officers and directors sold shares.
GuruFocus gurus Chris Davis and Arnold Schneider both kept their position in IRF unchanged. As of March 31, Chris Davis owns 370,700 shares and Arnold Schneider owns 263,975 shares.
International Rectifier announced its 2013 third quarter results with revenues of $224.3 million and net loss of $21.2 million.
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