Weekly Top Insider Sells First Solar Inc., The TJX Companies Inc., Xerox Corp., and Intuit Inc.

Weekly Top Insider Sells: FSLR, TJX, XRX, INTU

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Mar 01, 2010
According to GuruFocus Insider Data, these are the largest insider sells during the past week.

Executive Chairman of FIRST SOLAR, INC. (FSLR, Financial) Michael J Ahearn sold 1,224,210 shares on 02/24/2010 at an average price of $105.75.

FIRST SOLAR INC. manufactures solar modules with an advanced thin film semiconductor process. First Solar, Inc. has a market cap of $9 billion; its shares were traded at around $105.75 with a P/E ratio of 14 and P/S ratio of 7.3.

First Solar, Inc. recently announced its financial results for the fourth quarter and fiscal year ended December 26, 2009. Quarterly revenues were $641.3 million, up from $480.9 million in the third quarter of fiscal 2009 and up from $433.7 million in the fourth quarter of fiscal 2008. Revenues for the fiscal year ended December 26, 2009 were $2,066.2 million, up from $1,246.3 million in fiscal year 2008.

Net income for the fourth quarter of fiscal 2009 was $141.6 million or $1.65 per share on a fully diluted basis, compared to net income of $153.3 million or $1.79 per share on a fully diluted basis for the third quarter of fiscal 2009. Net income for the fourth quarter of fiscal 2008 was $132.8 million or $1.61 per share on a fully diluted basis.

FIRST SOLAR, INC. is owned by 3 Gurus. Richard Perry and George Soros all hold a major position in this stock.

Insiders Executive Chairman Michael J Ahearn and Chief Accounting Officer James Zhu sold shares of this stock recently.

The TJX Companies Inc. (TJX, Financial): SEVP, CFO Jeffrey G Naylor sold 300,000 Shares

SEVP, CFO of The TJX Companies Inc. (TJX) Jeffrey G Naylor sold 300,000 shares on 02/25/2010 at an average price of $41.63.

TJX Companies, Inc. is an off-price retailer of apparel and home fashions in the U. The Tjx Companies Inc. has a market cap of $17.47 billion; its shares were traded at around $41.63 with a P/E ratio of 16.9 and P/S ratio of 0.9. The dividend yield of The Tjx Companies Inc. stocks is 1.2%. The Tjx Companies Inc. had an annual average earning growth of 11.9% over the past 10 years. GuruFocus rated The Tjx Companies Inc. the business predictability rank of 4.5-star.

According to the company’s press release, for the 13-week fourth quarter ended January 30, 2010, net sales were $5.9 billion, a 10% increase over the 14-week prior-year period. Consolidated comparable store sales increased 12% over the prior year on a 13-week comparable basis. Net income from continuing operations was $395 million, and diluted earnings per share from continuing operations were $.94 compared with $.58 in the prior year. A number of items impact comparability of earnings per share. Excluding the items detailed under “Items Impacting Comparability” (see below), adjusted diluted earnings per share from continuing operations for the fourth quarter increased 104% over the adjusted $.46 in the prior year.



The TJX Companies Inc. is owned by many Gurus. John Hussman, David Williams, and, Robert Olstein all own major positions in this stock

Insiders President and CEO - TJX Carol Meyrowitz, SEVP, CFO Jeffrey G Naylor, Director Amy B Lane, Director Willow B Shire, and SEVP, Group President, Europe Paul Sweetenham all sold shares of these stocks recently.

Xerox Corp. (XRX, Financial): Executive Vice President Lynn Blodgett sold 1,249,999 Shares

Executive Vice President of Xerox Corp. (XRX) Lynn Blodgett sold 1,249,999 shares during the past week at an average price of $9.37.

Xerox Corporation is The Document Company and a leader in the global document market, providing document solutions that enhance business productivity. Xerox Corp. has a market cap of $8.15 billion; its shares were traded at around $9.37 with a P/E ratio of 15.1 and P/S ratio of 0.5. The dividend yield of Xerox Corp. stocks is 1.8%.

The company recently announced fourth-quarter 2009 results that include GAAP earnings per share of 20 cents, adjusted earnings per share of 25 cents and $967 million in operating cash flow. The adjusted EPS excludes a previously disclosed charge for acquisition-related costs of 5 cents per share.

Xerox Corp. is owned by many Gurus. Daniel Loeb, Robert Olstein, and Charles Brandes all hold positions in this stock.

Executive Vice President Lynn Blodgett sold 518,718 shares of XRX stock on 02/25/2010 at the average price of 9.25, the price of the stock has increased by 1.3% since.

Chairman, Executive Committee of Intuit Inc. (INTU, Financial) Scott D Cook sold 300,000 shares on 02/23/2010 at an average price of $32.36.

Intuit Inc. has a market cap of $10.25 billion; its shares were traded at around $32.36 with a P/E ratio of 19.6 and P/S ratio of 3.2. Intuit Inc. had an annual average earning growth of 24.5% over the past 10 years. GuruFocus rated Intuit Inc. the business predictability rank of 5-star.

Based on these strong results, particularly in the tax business, Intuit recently raised its full-year revenue and earnings guidance. For fiscal year 2010 the company expects revenue growth of 6 to 9 percent, $3.3 billion to $3.4 billion. All comparisons exclude the Intuit Real Estate Solutions business, which is accounted for as a discontinued operation.

Intuit Inc. is owned by 1 Gurus -- PRIMECAP Management.

Insiders President, CEO and Director Brad D Smith, Chairman, Executive Committee Scott D Cook, Vice President, Controller Jeffrey P Hank, and Director Stratton D Sclavos all sold some of this stock.