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Weekly CFO Buys Highlight: Keryx Biopharmaceuticals Inc., PLX Technology Inc., Entegris Inc., ORBCOMM Inc.

May 24, 2009 | About:
10qk

According to GuruFocus Insider Data the largest CFO buys during the past week were Keryx Biopharmaceuticals Inc., PLX Technology Inc., Entegris Inc., and ORBCOMM Inc.

Keryx Biopharmaceuticals Inc. (KERX): CFO James F Iii Oliviero Bought 25,000 Shares

CFO of Keryx Biopharmaceuticals Inc. ( KERX) James F Oliviero Iii bought 25,000 shares on 05/22/2009 at an average price of $0.4. Keryx Biopharmaceutical Inc. uses data discovered through the mapping of the human genome to generate drug candidates that target the regulation of protein kinases. Protein kinases play a key role in the way cells communicate. Keryx Biopharmaceuticals Inc. has a market cap of $18.9 million; its shares were traded at around $0.4151 with and P/S ratio of 14.7.

Kerx Biopharmaceuticals Inc. recently reported fiscal results for its first quarter 2009 ended March 31, 2009. The company announced its cash, cash equivalents, short-term investment securities and interest receivable of $15.4 million and net income of $451,000 ($0.01 per diluted share). This is compared to the same quarter last year which included a net income of $34,536,000 ($0.79 per diluted share). Commenting on the quarter, Michael P. Tarnok, the Company's Interim Chairman and Chief Executive Officer, remarked, "We are pleased that the development of Zerenex in Japan continues on schedule and earned us a $3 million milestone payment from JT/Torii, our Japanese partner, for their initiation of a Phase 2 study in Japan .

Buy: CEO Ron Bentsur bought 80,000 shares of KERX stock on 05/22/2009 at the average price of $0.37; the price of the stock has increased by 12.19% since. Buy: Director Jack Kaye bought 35,000 shares of KERX stock on 05/22/2009 at the average price of $0.43; the price of the stock has decreased by 3.47% since. Sell: Director Wyche Jr Fowler sold 3,000 shares of KERX stock on 12/19/2008 at the average price of $0.21; the price of the stock has increased by 97.67% since.

PLX Technology Inc. (PLXT): CFO Arthur O Whipple Bought 14,000 Shares

CFO of PLX Technology Inc. (PLXT) Arthur O Whipple bought 14,000 shares on 05/20/2009 at an average price of $3.09. PLX Technology Inc. based in Sunnyvale Calif. USA is the world's leading supplier of PCI Express and other standard I/O interconnect semiconductors to the communications server storage embedded-control and consumer markets. The company provides a competitive advantage through an integrated combination of experience high-performance silicon hardware and software design tools and global partnerships. These innovative solutions enable our customers to develop equipment with industry-leading performance scalability and reliability that allows them to bring designs to market faster. PLX Technology Inc. has a market cap of $98.4 million; its shares were traded at around $2.93 with and P/S ratio of 1.3.

PLX Technology recently reported fiscal results for its first quarter 2009 ended March 31, 2009. The company announced its total revenue of $16.5 million and net loss of $10.5 million ($0.31 per diluted share). This is compared to the same quarter last year which included total revenue of $22.8 and a net income of $1.1 million ($0.04 per diluted share). "We continue to see signs of improvement in our business," said Ralph Schmitt, PLX chief executive officer.

Buy: Vice President Human Resource Kenneth Murray bought 1,000 shares of PLXT stock on 02/25/2009 at the average price of $2.28 and 9,000 shares of PLXT stock on 02/26/2009 at the average price of $2.2; the price of the stock has increased by 33.18% since. Buy: COO Larry Chisvin bought 5,000 shares of PLXT stock on 02/10/2009 at the average price of $2.31; the price of the stock has increased by 26.84% since. Buy: VP, Marketing & Business Devel David Raun bought 15,000 shares of PLXT stock on 01/29/2009 at the average price of $1.66; the price of the stock has increased by 76.51% since. Buy: Vice President Engineering Vijay Meduri bought 8,000 shares of PLXT stock on 12/01/2008 at the average price of $2.24; the price of the stock has increased by 30.8% since.

Entegris Inc. (ENTG): Exec VP & CFO Gregory B Graves Bought 10,000 Shares

Exec VP & CFO of Entegris Inc. (ENTG) Gregory B Graves bought 10,000 shares on 05/18/2009 at an average price of $2.06. Entegris is a leading provider of materials management solutions to the microelectronics industry including in particular the semiconductor manufacturing and disk manufacturing markets. The company's materials management solutions for the semiconductor industry assure the integrity of materials as they are handled stored processed and transported throughout the semiconductor manufacturing process. These solutions enable customers to protect their investment in work-in-process and finished devices. Entegris Inc. has a market cap of $277.8 million; its shares were traded at around $2.45 with and P/S ratio of 0.6. Entegris Inc. had an annual average earning growth of 111.8% over the past 5 years.

Entegris Inc. recently reported fiscal results for its first quarter 2009 ended March 28, 2009. The company announced its total revenue of $59.03 million and net loss of $37.7 million. This is compared to the same quarter last year which included total revenue of $148.227 million and a net income of $2.8 million. Gideon Argov, president and chief executive officer, said: "Our first quarter sales reflected the dramatic global drop-off in semiconductor and electronics manufacturing activity, even though there was a modest pick-up in sales of our liquid filtration products in March.”

ENTG is in the portfolios of Arnold Schneider of Schneider Capital Management, Robert Olstein of Olstein Financial Alert Fund, PRIMECAP Management.

Buy: Pres & CEO Gideon Argov bought 50,000 shares of ENTG stock on 02/24/2009 at the average price of $0.63; the price of the stock has increased by 288.89% since. Sell: Director Daniel W Christman sold 10,000 shares of ENTG stock on 05/08/2009 at the average price of $2.02; the price of the stock has increased by 21.29% since. Sell: Exec VP & COO Bertrand Loy sold 4,460 shares of ENTG stock on 01/22/2009 at the average price of $1.65; the price of the stock has increased by 48.48% since. Sell: SR V.P. - Tech. & Innovation John B Goodman sold 1,772 shares of ENTG stock on 01/22/2009 at the average price of $1.65; the price of the stock has increased by 48.48% since. Sell: Sr. Vice President -HR John J Murphy sold 7,736 shares of ENTG stock on 01/22/2009 at the average price of $1.65; the price of the stock has increased by 48.48% since. Sell: SR V.P. & General Counsel Peter W Walcott sold 5,747 shares of ENTG stock on 01/22/2009 at the average price of $1.66; the price of the stock has increased by 47.59% since.

ORBCOMM Inc. (ORBC): Executive VP & CFO Robert G Costantini Bought 10,000 Shares

Executive VP & CFO of ORBCOMM Inc. (ORBC) Robert G Costantini bought 10,000 shares on 05/18/2009 at an average price of $1.59. ORBCOMM INC. is a leading global satellite data communications company focused on Machine-to-Machine communications. Its customers include General Electric Caterpillar Inc. Volvo Group and Komatsu Ltd. among other industry leaders. By means of a global network of twenty nine low-earth orbit satellites and accompanying ground infrastructure ORBCOMM's low-cost and reliable two-way data communications products and services track monitor and control mobile and fixed assets in four core markets: commercial transportation; heavy equipment; industrial fixed assets; and marine/homeland security. The company's products are installed on trucks containers marine vessels locomotives backhoes pipelines oil wells utility meters storage tanks and other assets. ORBCOMM is headquartered in Fort Lee New Jersey and has a Network Control Center in Dulles Virginia. ORBCOMM Inc. has a market cap of $72.9 million; its shares were traded at around $1.72 with and P/S ratio of 2.4.

ORBCAMM Inc. recently reported fiscal results for its first quarter 2009 ended March 31, 2009. The company announced its total revenues of $7.4 million- an increase of 25.2% from the same quarter last year- and net loss of $9.1 million compared to last year first quarter’s loss of $534,000. "While the financial results were affected by several unanticipated costs during the quarter, management remained focused on growing the business and navigating through the current economic environment," said Marc Eisenberg, Orbcomm's Chief Executive Officer. "April was highlighted by the settlement and services agreements with General Electric Asset Intelligence.

Buy: CEO Marc Eisenberg bought 15,000 shares of ORBC stock on 12/02/2008 at the average price of $1.38 and 10,000 shares of ORBC stock on 05/15/2009 at the average price of $1.49; the price of the stock has increased by 15.44% since. Buy: EVP, General Counsel & Sec. Brun Christian Le bought 10,000 shares of ORBC stock on 12/04/2008 at the average price of $1.41; the price of the stock has increased by 21.99% since. Buy: Director Jerome B Eisenberg bought 49,849 shares of ORBC stock on 12/03/2008 at the average price of $1.36 and 151 shares of ORBC stock on 12/04/2008 at the average price of $1.41; the price of the stock has increased by 21.99% since.

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


Rating: 3.3/5 (3 votes)

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