Weekly CFO Sells Highlight: Gilead Sciences Inc., Micron Technology Inc., Adobe Systems Inc.

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Jan 20, 2014

According to GuruFocus Insider Data, the recent CFO sales were: Gilead Sciences Inc., Micron Technology Inc. and Adobe Systems Inc.

Gilead Sciences Inc. (GILD, Financial): SVP, CFO Robin L. Washington Sold 35,000 Shares

On 01/02/2014, SVP and CFO Robin L. Washington sold 35,600 shares at an average price of $75.03. The price of the stock has increased by 4.49% since. Gilead Sciences Inc. has a market cap of $120.21 billion and its shares were traded at around $78.40. The company has a P/E ratio of 42.90 and P/S ratio of 12.29; over the past five years, Gilead Sciences Inc. had an annual average earnings growth of 14.8%.

Gilead Sciences Inc. announced their 2013 third quarter results with revenues of $2.78 billion and gross profit of $2.1 billion; the net income was $788.6 million. The 2012 total revenue of Gilead Sciences Inc. was $9.7 billion, a 15.7% increase from the 2011 total revenue. The 2012 gross profit was $7.23 billion, a 15.4% increase from the 2011 gross profit; the 2012 net income was $2.59 billion.

On 01/14/ 2014, EVP, R&D and CSO Norbert W. Bischofberger sold 90,000 shares at an average price of $74.23. The price of the stock has increased by 5.62% since. On 01/02/2014, EVP, Corp & Med Affairs Gregg H. Alton sold 113,000 shares at an average price of $75.01. The price of the stock has increased by 4.52% since. On 01/02/2014, Chairman and CEO John C. Martin sold 140,625 shares at an average price of $75.02. The price of the stock has increased by 4.51% since.

Micron Technology Inc. (MU, Financial): CFO and VP of Finance Ronald C. Foster Sold 215,000 Shares

On 01/10/2014, CFO and VP of Finance Ronald C. Foster sold 215,000 shares at an average price of $23.59. The price of the stock has decreased by 5.13% since. Micron Technology Inc. has a market cap of $23.74 billion and its shares were traded at around $22.38. The company has a P/E ratio of 14.70 and P/S ratio of 2.22; over the past five years, Micron Technology Inc. had an annual average earnings growth of 24.9%. GuruFocus rated Micron Technology Inc. the business predictability rank of 2.5-star.

Micron Technology Inc. announced their 2013 third quarter results with revenues of $4.04 billion and a gross profit of $1.28 billion; the net income was $358 million. The 2013 total revenue of Micron Technology Inc. was $9.07 billion, a 10% increase from the 2012 total revenue. The 2013 gross profit was $1.85 billion, a 90.8% increase from the 2012 gross profit. The 2013 net income was $1.19 billion. Â

On 01/14/2014, VP of DRAM Solutions Brian Shirley sold 147,000 shares at an average price of $23.58. The price of the stock has decreased by 5.09% since. On 01/15/2014, Corporate Secretary Joel L. Poppen sold 37,000 shares at an average price of $23.63. The price of the stock has decreased by 5.29% since. On 01/10/2014, VP of WW Operations Brian Shields sold 240,000 shares at an average price of $23.44. The price of the stock has decreased by 4.52% since.

Adobe Systems Inc. (ADBE, Financial): EVP, CFO and Assistant Secretary Mark Garrett Sold 11,899 Shares

On 01/07/2014, EVP, CFO and Assistant Secretary Mark Garett sold 11,899 shares at an average price of $58.2. The price of the stock has increased by 5.45% since. Adobe Systems Inc. has a market cap of $30.68 billion and its shares were traded at around $61.37. The company has a P/E ratio of 69.70 and P/S ratio of 7.50; over the past 10 years, Adobe Systems Inc. had an annual average earnings growth of 11.20%. GuruFocus rated Adobe Systems Inc. the business predictability rank of 3-star.

Adobe Systems Inc. announced their 2013 third quarter results with revenues of $995.1 million and gross profit of $848 million; the net income was $83 million. The company had a 2012 total revenue of $4.4 billion, a 4% increase from the 2011 total revenue. The 2012 gross profit was $3.91 billion, a 3.7% increase from the 2011 gross profit; the 2012 net income was $832.78 million.

On 01/10/2014, Director Robert K. Burgess sold 94,832 shares at an average price of $59.18. The price of the stock has increased by 3.7% since. On 01/02/2014, President and CEO Shantanu Narayen sold 50,000 shares at an average price of $59.13. The price of the stock has increased by 3.79% since. On 01/14/2014, VP, Corp. Controller & PAO Richard Rowley sold 4,334 shares at an average price of $59.98. The price of the stock has increased by 2.32% since.

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