Weekly CEO Sells Highlight: Gentex Corp, Amazon.com Inc, Synopsys Inc, Mattel Inc, and Agilent Technologies Inc.

Weekly CEO Sells Highlight: GNTX, AMZN, SNPS, MAT, ANDA

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Feb 21, 2010
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Gentex Corp, Amazon.com Inc, Synopsys Inc, Mattel Inc, and Agilent Technologies Inc.

Amazon.com Inc. (AMZN, Financial): Chairman, CEO and President, 10% Owner Jeffrey P Bezos sold 2,000,000 Shares

Chairman, CEO and President, 10% Owner of Amazon.com Inc. (AMZN) Jeffrey P Bezos sold 2,000,000 shares on 02/17/2010 at an average price of $117.43.

Amazon.com, Inc. announced on January 28th, its financial results for its fourth quarter ended December 31, 2009. Operating cash flow was $3.29 billion in 2009, compared with $1.70billion in 2008. Free cash flow increased 114% to $2.92 billion in 2009, compared with $1.36 billion in 2008. Common shares outstanding plus shares underlying stock-based awards outstanding totaled 461 million on December 31, 2009, compared with 446 million a year ago. Net sales increased 42% to $9.52 billion in the fourth quarter, compared with $6.70 billion in fourth quarter 2008. Excluding the $354 million favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales would have grown 37% compared with fourth quarter 2008. Operating income increased 75% to $476 million in the fourth quarter, compared with $272 million in fourth quarter 2008. Excluding the $31 million favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, operating income would have grown 63% compared with fourth quarter 2008. Net income increased 71% to $384 million in the fourth quarter, or $0.85 per diluted share, compared with net income of $225 million, or $0.52 per diluted share, in fourth quarter 2008.

Senior Vice President and CFO Thomas J Szkutak sold 116,000 shares of AMZN stock on in November, October, and September. Senior Vice President Jeffrey M Blackburn, Senior Vice President Jeffrey A Wilke, Diego Piacentini, L Michelle Wilson, and Senior Vice President H Brian Valentine together sold 54,620 shares of AMZN stock on 02/16/2010.

Synopsys Inc. (SNPS, Financial): Chairman of the Board & CEO Geus Aart De sold 1,060,000 Shares

Chairman of the Board & CEO of Synopsys Inc. (SNPS) Geus Aart De sold 1,060,000 shares on 02/19/2010 at an average price of $21.47.

Synopsys, Inc. is one of the suppliers of electronic design automation software to the global electronics industry. Synopsys Inc. has a market cap of $3.15 billion; its shares were traded at around $21.35 with a P/E ratio of 16.8 and P/S ratio of 2.4.

On February 17, 2010, Synopsys, Inc. reported results for its first quarter of fiscal year 2010. For the first quarter of fiscal 2010, Synopsys reported revenue of $330.2 million compared to $339.8 million for the first quarter of fiscal 2009.

Chairman of the Board & CEO Geus Aart De sold 1,060,000 shares of SNPS stock on 02/19/2010 at the average price of 21.47, the price of the stock has decreased by 0.56% since. CFO Brian M Beattie sold 12,000 shares of SNPS stock on 02/19/2010 at the average price of 21.7, the price of the stock has decreased by 1.61% since. Director Sasson Somekh sold 2,346 shares of SNPS stock in February, December, and October. VP, Controller Esfandiar Naddaf sold 1,335 shares of SNPS stock in December.

Mattel Inc. (MAT, Financial): Chairman and CEO Robert Eckert sold 855,612 Shares

Chairman and CEO of Mattel Inc. (MAT) Robert Eckert sold 855,612 shares on 02/17/2010 at an average price of $21.29.

Mattel, Inc. designs, manufactures, and markets a broad variety of family products on a basis through both sales to retailers and direct to consumers. Mattel Inc. has a market cap of $7.87 billion; its shares were traded at around $21.78 with a P/E ratio of 15.9 and P/S ratio of 1.4. The dividend yield of Mattel Inc. stocks is 3.3%. Mattel Inc. had an annual average earning growth of 2.4% over the past 5 years.

Mattel, Inc. reported on January 29th, its 2009 fourth quarter and full-year financial results. For the quarter, the company reported net income of $328.4 million, or $0.89 per share, compared to last year's fourth quarter net income of $176.4 million, or $0.49 per share. For the year, the company reported net income of $528.7 million, or $1.45 per share, compared to last year's net income of $379.6 million, or $1.04 per share.

CFO Kevin M Farr sold 62,500 shares of MAT stock on 10/15/2009. SVP and Corporate Controller Herbert Scott Topham, President International Bryan Stockton, Executive Vice President Ellen L Brothers, Sr. VP - Human Resources Alan Kaye, SVP, General Counsel & Sec'y Robert Normile togetherall sold company’s stock in recent months.

Agilent Technologies Inc. (A): President and CEO William P Sullivan sold 448,937 Shares

President and CEO of Agilent Technologies Inc. (A) William P Sullivan sold 448,937 shares on 02/16/2010 at an average price of $30.05.

Agilent Technologies is a measurement company and a communications, electronics, life sciences and chemical analysis. Agilent Technologies Inc. has a market cap of $10.89 billion; its shares were traded at around $31.2 with a P/E ratio of 32.2 and P/S ratio of 2.4.

Agilent Technologies Inc. reported on February 12thits revenues of $1.21 billion for the first fiscal quarter ended Jan. 31, 2010, 4 percent above one year ago. First quarter GAAP net income was $79 million, or $0.22 per diluted share. Last year's first quarter GAAP net income was $64 million, or $0.18 per share.

EVP, Finance & Admin., CFO Adrian T Dillon sold 620,148 shares in December. Vice President Michael R. Mcmullen, Senior Vice President Jean Halloran and Ronald S. Nersesian, VP, Corp Controllership, Tax Didier Hirsch, and Sr VP, General Counsel & Sec. Marie Oh Huber all sold company’s stock in recent months.

Gentex Corp. (GNTX, Financial): Chairman of the Board & CEO Fred Bauer sold 862,500 Shares

Chairman of the Board & CEO of Gentex Corp. (GNTX) Fred Bauer sold 862,500 shares during the past week at an average price of $18.76.

Gentex Corporation is a provider of products to the automotive industry and North American fire protection market. Gentex Corp. has a market cap of $2.68 billion; its shares were traded at around $19.47 with a P/E ratio of 41.5 and P/S ratio of 4.9. The dividend yield of Gentex Corp. stocks is 2.2%. Gentex Corp. had an annual average earning growth of 10% over the past 10 years.

Om January 28,2010, Gentex Corporation reported results for the fourth quarter and calendar year ended December 31, 2009. For the fourth quarter of 2009, the Company's net sales increased by 45 percent to $177.6 million compared with $122.3 million in the fourth quarter of 2008. The gross profit margin increased on a quarter-over-quarter basis from 28.4 percent in the fourth quarter of 2008 to 36.7 percent in the fourth quarter of 2009, primarily due to the Company's ability to leverage fixed overhead costs due to the 45 percent quarter-over-quarter increase in net sales.

Chairman of the Board & CEO Fred Bauer sold 1,000,000 shares of GNTX stock in February. Senior Vice President Enoch C Jen sold 21,924 shares of GNTX stock in February. Director John A Mulder, VP Finance & Treasurer Steven A Dykman, Director all sold company’s stock recently.

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