As stock market tumbled, company CEOs, the people who know their business the best, are not scared. They continue to buy their own stocks at beaten down prices. This is the weekly highlight of CEO buys. Related companies: Magma Design Automation Inc, MSCI INC, Holly Energy Partners L.P.
Magma Design Automation Inc. (LAVA, Financial): Chairman & CEO, Director Rajeev Madhavan Bought 200,000 Shares
Chairman & CEO, Director of Magma Design Automation Inc. (LAVA) Rajeev Madhavan bought 200,000 shares during the past week at an average price of $3.05. Magma Design Automation Inc. provides design and implementation software for chip designers. The company has a market cap of $135.51 million; its shares were traded at around $3.05 with P/S ratio of 0.61
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LAVA recently posted a first quarter 2008 loss in revenue (6%), and also lowered its earnings outlook for the year. Earnings were down 2 cents per share as well.
CFO Peter S Teshima bought 6,300 shares of LAVA stock on 10/06/2008 at the average price of $3.02; the price of the stock has increased by 0.99% since.
MSCI INC (MXB, Financial): Chairman, CEO and President, Director Henry A Fernandez Bought 15,000 Shares
Chairman, CEO and President, Director of MSCI INC (MXB) Henry A Fernandez bought 15,000 shares on 10/10/2008 at an average price of $17.2. MSCI Inc. is a leading provider of investment decision support tools to investment institutions worldwide. It has a market cap of $1.72 billion with a P/E ratio of 26.38 and P/S ratio of 4.24.
MXB recently announced that the company’s income dropped 12%, and the company’s profit also dropped. However revenue shot up about 20%. The company said that losses were caused by higher costs.
Ron Baron owns 2,074,608 shares as of 06/30/2008, an increase of 103.84% from the previous quarter. This position accounts for 0.45% of the $16.92 billion portfolio of Baron Funds.
CFO Michael K Neborak bought 2,600 shares of MXB stock on 07/16/2008 at the average price of $32; the price of the stock has decreased by 46.25% since.
Holly Energy Partners L.P. (HEP, Financial): Chairman and CEO, Director Matthew P Clifton Bought 12,500 Shares
Chairman and CEO, Director of Holly Energy Partners L.P. (HEP) Matthew P Clifton bought 12,500 shares on 10/08/2008 at an average price of $18.62. Holly Energy Partners through its subsidiaries will own and operate refined product pipelines and terminals primarily in West Texas New Mexico Arizona and Utah.It has a market cap of $304.01 million with a P/E ratio of 10.32 and a P/S ratio of 2.93. The dividend yield of Holly Energy Partners L.P. stocks is 12.21%.
Holly Energy Partners L.P. recently announced a second quarter net income of $11.5 million compared to over $100 million in a year ago period. Net income for the past 6 months was about $20 million, compared to over $200 million a year ago.
Director P Dean Ridenour bought 3,000 shares of HEP stock on 08/05/2008 at the average price of $31.28; the price of the stock has decreased by 40.47% since.
Magma Design Automation Inc. (LAVA, Financial): Chairman & CEO, Director Rajeev Madhavan Bought 200,000 Shares
Chairman & CEO, Director of Magma Design Automation Inc. (LAVA) Rajeev Madhavan bought 200,000 shares during the past week at an average price of $3.05. Magma Design Automation Inc. provides design and implementation software for chip designers. The company has a market cap of $135.51 million; its shares were traded at around $3.05 with P/S ratio of 0.61
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LAVA recently posted a first quarter 2008 loss in revenue (6%), and also lowered its earnings outlook for the year. Earnings were down 2 cents per share as well.
CFO Peter S Teshima bought 6,300 shares of LAVA stock on 10/06/2008 at the average price of $3.02; the price of the stock has increased by 0.99% since.
MSCI INC (MXB, Financial): Chairman, CEO and President, Director Henry A Fernandez Bought 15,000 Shares
Chairman, CEO and President, Director of MSCI INC (MXB) Henry A Fernandez bought 15,000 shares on 10/10/2008 at an average price of $17.2. MSCI Inc. is a leading provider of investment decision support tools to investment institutions worldwide. It has a market cap of $1.72 billion with a P/E ratio of 26.38 and P/S ratio of 4.24.
MXB recently announced that the company’s income dropped 12%, and the company’s profit also dropped. However revenue shot up about 20%. The company said that losses were caused by higher costs.
Ron Baron owns 2,074,608 shares as of 06/30/2008, an increase of 103.84% from the previous quarter. This position accounts for 0.45% of the $16.92 billion portfolio of Baron Funds.
CFO Michael K Neborak bought 2,600 shares of MXB stock on 07/16/2008 at the average price of $32; the price of the stock has decreased by 46.25% since.
Holly Energy Partners L.P. (HEP, Financial): Chairman and CEO, Director Matthew P Clifton Bought 12,500 Shares
Chairman and CEO, Director of Holly Energy Partners L.P. (HEP) Matthew P Clifton bought 12,500 shares on 10/08/2008 at an average price of $18.62. Holly Energy Partners through its subsidiaries will own and operate refined product pipelines and terminals primarily in West Texas New Mexico Arizona and Utah.It has a market cap of $304.01 million with a P/E ratio of 10.32 and a P/S ratio of 2.93. The dividend yield of Holly Energy Partners L.P. stocks is 12.21%.
Holly Energy Partners L.P. recently announced a second quarter net income of $11.5 million compared to over $100 million in a year ago period. Net income for the past 6 months was about $20 million, compared to over $200 million a year ago.
Director P Dean Ridenour bought 3,000 shares of HEP stock on 08/05/2008 at the average price of $31.28; the price of the stock has decreased by 40.47% since.
