Multimillion Dollar Insider Sells Reported in Companies Trading at Historically High Prices
During the past week, President and CEO Brian Goldner made a significant sell in his shares of Hasbro. His sell comes as the share price nears a 10-year high of $49.65.
Goldner dumped close to half of his position in Hasbro on July 24 as he sold 314,614 shares of his company’s stock. The CEO sold these shares at an average price of $47.20 per share. This sell raked in $14,849,780.80 for Goldner. Since his sell, the price per share has dropped approximately 0.21%. Despite the size of this sell, Goldner still owns at least 426,345 shares of Hasbro stock.
Hasbro is a branded play company which designs, manufactures and markets a brand portfolio consisting of Transformers, Monopoly, Play-Doh, My Little Pony, Nerf and Littlest Pet Shop.
Hasbro’s historical price, revenue and net income:
The company recently reported its second quarter financial results which highlighted:
· Net revenues of $766.3 million, versus $811.5 million in the same quarter 2012.
· Net earnings of $38.3 million or $0.29 per diluted share, compared to $43.4 million, or $0.33 per diluted share in the first quarter 2012.
· Revenues for games up 19%; Girls up 43%; and Preschool up 4% in the second quarter.
In its financial report Goldner reports that the growth seen in certain areas “did not offset the decline in Boys revenues, which faced difficult comparisons due to major motion pictures in 2012.”
The company reported that they would be expanding their strategic merchandising relationship for major Disney entertainment properties Marvel and Star Wars. In accordance with the extended term of the Marvel agreement, Hasbro will guarantee $80 million in royalties to Disney. Hasbro will pay up to $225 million in guaranteed payments to Disney in accordance to the next three Star Wars sequel motion pictures.
The Peter Lynch Chart shows that Hasbro appears to be overvalued:
The company has a strong history of increasing dividends. The company has a 3.10% dividend yield with a 22.4% growth rate over the past five years. Check out GuruFocus’ new Dividend Feature for Hasbro.
Hasbro has a market cap of $6.19 billion. Its shares are currently being traded at around $47.10 with a P/E ratio of 18.70, a P/S ratio of 1.50 and a P/B ratio of 4.30. Over the past 10 years, the company has seen an annual average earnings growth of 11.1%.
GuruFocus rated Hasbro the business predictability rank of 4.5-star.
There are currently 11 gurus that hold a stake in Hasbro. Click here to see their holding histories.
Over the past week, five insiders made sells of their holdings in Xilinx. These sells come as the share price continues to excel past the previous 10-year high.
CEO Moshe Gavrielov made the largest sell of the week, dumping 390,000 shares. He sold his shares at an average price of $45.83 per share, raking in a massive $17,873,700. Since his sell, the share price has increased an additional 0.63%. Gavrielov now holds on to 95,850 shares of company stock.
Senior VP of Worldwide Quality Vincent Tong sold 28,000 shares at $46.01, bringing in $1,288,280. Since his sell, the share price has increased approximately 0.24%. Tong now holds on to at least 38,048 shares of Xilinx.
VP and General Counsel Scott Hover-Smoot sold 20,000 shares at an average price of $45.71 per share. This sell brought in $914,200 for the VP. Since his sell, the price per share has increased 0.9%. He now holds on to 11,412 shares of Xilinx.
Senior VP of Worldwide Operations Raja Petrakian sold 33,125 shares of Xilinx at $45.71 per share, bringing in a total of $1,514,143.75. Since his sell, the share price has increased 0.9%. Petrakian now holds at least 19.892 shares.
Senior VP Krishna Rangasayee made the second largest sell, selling a total of 58,000 shares at an average price of $45.75 per share. This brought in $2,653,500 for the VP. Since her sell, the share price has increased approximately 0.81%. Rangasayee now holds on to at least 13,283 shares of company stock.
Xilinx develops All Programmable technologies and devices, beyond hardware to software, digital to analog, and single to multiple die in 3D ICs. The company designs, develops and markets complete programmable logic solutions, including advanced integrated circuits, software design tools, and predefined system functions delivered as intellectual property cores.
Xilinx’s historical price, revenue and net income:
The Peter Lynch Chart shows that the company appears to be overvalued:
The company recently reported its first quarter 2014 results which highlighted:
· Sales of $579 million, up 9% from the prior quarter.
· Net income of $157 million, or $0.56 per diluted share.
· Quarterly cash dividend of $0.25 per share.
The price of Xilinx is currently sitting at a 10-year high.
Xilinx has a market cap of $11.86 billion. Its shares are currently traded at around $45.86 with a P/E ratio of 25.60, a P/S ratio of 5.80 and a P/B ratio of 4.50. The company had an annual average earnings growth of 11.2% over the past 10 years.
GuruFocus rated Xilinx the business predictability rank of 4-star.
There are eight gurus that hold a position in Xilinx. Click here to see their holding histories.
Western Alliance Bancorp (WAL)
Chairman and CEO Robert Sarver made a rather large insider sell this week, as the share price of Western Alliance Bancorp continues to grow.
Sarver sold 150,000 shares of his holdings on July 24. The CEO sold these shares at an average price of $18.31 per share, raking in a total of $2,746,500. Since his sell, the price per share has decreased approximately 1.04%. Sarver still currently holds on to over 2.5 million shares of his company’s stock.
Western Alliance Bancorp is a bank holding company, headquartered in Phoenix, with banking subsidiaries in Arizona, California and Nevada. The company’s subsidiaries include: Alliance Bank of Arizona, Bank of Nevada, First Independent Bank, Torrey Pines Bank and Western Alliance Equipment Finance.
Western Alliance’s historical price, revenue and net income:
The company recently reported its second quarter results which highlighted:
· Net income of $34 million, compared to $14 million for the same quarter 2012.
· EPS of $0.39, compared to $0.15 per share in the second quarter 2012.
· Operating earnings of $40.1 million, up 14.4% from the first quarter 2013.
· Nonperforming assets decreased to 1.9% of total assets.
The Peter Lynch Chart shows that Western Alliance currently appears to be overvalued:
The price of Western Alliance Bancorp is currently sitting at a five-year high.
Western Alliance Bancorp has a market cap of $1.62 billion. Its shares are currently being traded at around $18.17 with a P/E ratio of 18.60, a P/S ratio of 4.50 and a P/B ratio of 2.50.
There are four gurus that hold a stake in WAL. Click here to see their holding histories.
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