Weekly CEO Sells Highlight: Sprouts Farmers Market Inc., Mindspeed Technologies Inc., Corning Inc., National Oilwell Varco Inc.

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Dec 02, 2013
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Sprouts Farmers Market Inc., Mindspeed Technologies Inc., Corning Inc. and National Oilwell Varco Inc.

Sprouts Farmers Market Inc. (SFM, Financial): CEO James Douglas Sanders Sold 427,161 Shares

CEO of Sprouts Farmers Market Inc. (SFM) James Douglas Sanders sold 427,161 shares on 11/26/2013 at an average price of $35.80. Sprouts Farmers Market Inc has a market cap of $5.54 billion; its shares were traded at around $37.84 with a P/E ratio of 142.80 and P/S ratio of 4.10.

Sprouts Farmers Market Inc. announced their 2013 third quarter financial results. The Company reported net sales of $633.6 million and net income of $11.5 million.

CEO James Douglas Sanders bought 9,300 shares and sold 427,161 shares of SFM stock in August and November. CFO Amin N. Maredia bought 45,000 shares of SFM stock on 08/01/2013 at the average price of $18. Director, Senior Officer Ian Barrowman Smith; Director, Senior Officer Douglas R. Brett; Director Steven H. Townsend; and Controller Donna Berlinski bought 2,451,936 shares of SFM stock in August and September.

Mindspeed Technologies Inc. (MSPD, Financial): CEO Raouf Y. Halim sold 363,115 Shares

CEO of Mindspeed Technologies Inc. (MSPD) Raouf Y. Halim sold 363,115 shares on 11/22/2013 at an average price of $5.02. Mindspeed Technologies, Inc. has a market cap of $218.253 million; its shares were traded at around $5.03 with and P/S ratio of 1.34.

Mindspeed Technologies Inc. reported total revenues of $36.04 million and net loss of $51.8 million for the company’s fourth fiscal 2013 quarter.

CEO Raouf Y. Halim sold 363,115 shares of MSPD stock on 11/22/2013 at the average price of $5.02. Senior Vice President Preetinder S. Virk, Director Jerre L. Stead, Senior Vice President Allison K. Garcia, Senior Vice President Najabat H. Bajwa, and Senior Vice President Abdelnaser Adas sold 26,842 shares of MSPD stock in November.

Corning Inc. (GLW, Financial): Chairman, CEO and President Wendell P. Weeks Sold 250,000 Shares

Chairman, CEO and President of Corning Inc. (GLW) Wendell P. Weeks sold 250,000 shares on 11/22/2013 at an average price of $17.05. Corning Inc. has a market cap of $24.72 billion; its shares were traded at around $17.08 with a P/E ratio of 13.90 and P/S ratio of 3.15. The dividend yield of Corning Inc. stocks is 2.28%. Corning Inc. had an annual average earnings growth of 12.10% over the past five years.

Corning Inc. reported its 2013 third quarter financial quarter. The company announced net income of $408 million and revenues of $2.1 billion.

Chairman, CEO and President Wendell P. Weeks sold 250,000 shares of GLW stock on 11/22/2013 at the average price of $17.05. Director, Senior Officer Robert Hinchcliffe, bought 50,000 shares of GLW stock on 06/24/2013 at the average price of $0.14. VP Controller and PAO R. Tony Tripeny, Executive Vice President David L. Morse¸ Director Hansel E. Tookes II and Executive Vice President Lawrence D. McRae sold 47,137 shares of GLW stock in November.

National Oilwell Varco Inc. (NOV, Financial): Chairman and CEO Merrill A. Miller Jr. Sold 195,000 Shares

Chairman and CEO of National Oilwell Varco Inc. (NOV) Merrill A. Miller Jr. sold 195,000 shares on 11/22/2013 at an average price of $83.45. National Oilwell Varco Inc. has a market cap of $34.89 billion; its shares were traded at around $81.50 with a P/E ratio of 14.90 and P/S ratio of 1.56. The dividend yield of National Oilwell Varco Inc. stocks is 0.96%. National Oilwell Varco Inc. had an annual average earnings growth of 28.00% over the past 10 years. GuruFocus rated National Oilwell Varco Inc. the business predictability rank of 2.5-star.

National Oilwell Varco Inc. announced its 2013 third quarter results with revenues of $5.69 billion and net income of $636 million.

Chairman and CEO Merrill A. Miller Jr. sold 195,000 shares of NOV stock on 11/22/2013 at the average price of $83.45. VP Controller and Chief Accounting Officer Robert W. Blanchard and Executive Vice President and General Counsel Dwight W. Rettig sold 33,257 shares of NOV stock on 09/30/2013.

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