Weekly CEO Sells Highlight: TIBX, PM, COHR, and MSCC

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Oct 02, 2010
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: TIBCO Software Inc, PHILIP MORRIS INTERNATIONAL INC, Coherent Inc, Microsemi Corp.


TIBCO Software Inc. (TIBX, Financial): CEO Vivek Ranadive sold 2,350,000 Shares


CEO of TIBCO Software Inc. (TIBX) Vivek Ranadive sold 2,350,000 shares on 10/01/2010 at an average price of $18.04. Tibco Software Inc. is a provider of software solutions that enable businesses to integrate internal operations, business partners and customer channels in real- time. Tibco Software Inc. has a market cap of $2.95 billion; its shares were traded at around $17.99 with a P/E ratio of 34 and P/S ratio of 4.7. Tibco Software Inc. had an annual average earning growth of 10.7% over the past 5 years.


September 23, TIBCO Software Inc. announced results for its third quarter, which ended on August 29, 2010. The Company announced revenue of $153.3 million.


CEO Vivek Ranadive sold 2,350,000 shares of TIBX stock on 10/01/2010 at the average price of 18.04. EVP, CFO Sydney Carey sold 125,000 shares of TIBX stock in July and September. Director Narendra Gupta, VP Corp Contrl & Princ Acc Off Troy Mitchell, EVP, COO Murray D Rode, EVP, Gen Counsel & Secretary William R Hughes, and EVP, Products & Engineering Thomas J Laffey together sold 555,733 shares of TIBX stock in September.


PHILIP MORRIS INTERNATIONAL INC (PM, Financial): Chairman and CEO Louis C Camilleri sold 482,938 Shares


Chairman and CEO of PHILIP MORRIS INTERNATIONAL INC (PM) Louis C Camilleri sold 482,938 shares during the past week at an average price of $55.52. Philip Morris International is the international tobacco company, with products sold in over 160 countries. Philip Morris International Inc has a market cap of $101.82 billion; its shares were traded at around $55.55 with a P/E ratio of 15.3 and P/S ratio of 1.6. The dividend yield of Philip Morris International Inc stocks is 4.5%.


July 22, PHILIP MORRIS INTERNATIONAL INC reported their second quarter results. The Company reported revenue of $7.1 billion.


Chairman and CEO Louis C Camilleri sold 482,938 shares of PM stock in September. Director Sergio Marchionne bought 7,900 shares of PM stock in April, May, July, and August.


Coherent Inc. (COHR, Financial): Pres. and CEO John Ambroseo sold 179,500 Shares


Pres. and CEO of Coherent Inc. (COHR) John Ambroseo sold 179,500 shares during the past week at an average price of $40.17. COHERENT INC. designs, manufactures, and supplies electro-optical systems and medical instruments utilizing laser, precision optics and microelectronic technologies. Coherent Inc. has a market cap of $999.3 million; its shares were traded at around $40.2 with a P/E ratio of 39.5 and P/S ratio of 2.3.


July 29, Coherent, Inc. announced financial results for its third fiscal quarter ended July 3, 2010.The Company announced net sales of $1.7 million.


Pres. and CEO John Ambroseo sold 180,000 shares of COHR stock in September. Exec VP and CFO Helene Simonet sold 50,000 shares of COHR stock in September. Exec VP & General Counsel Bret Dimarco, Former Director John H Hart, EVP Mark Stewart Sobey together sold 69,500 shares of COHR stock in September. Director Sandeep Vij sold 53,000 shares of COHR stock in August.


Microsemi Corp. (MSCC, Financial): President, CEO & Director James J Peterson sold 156,000 Shares


President, CEO & Director of Microsemi Corp. (MSCC) James J Peterson sold 156,000 shares on 10/01/2010 at an average price of $17.2. Microsemi Corp. is a designer, manufacturer and marketer of analog, mixed-signal and discrete semiconductors. Microsemi Corp. has a market cap of $1.42 billion; its shares were traded at around $17.11 with a P/E ratio of 22.6 and P/S ratio of 3.2. Microsemi Corp. had an annual average earnings growth of 5.2% over the past 10 years.


Jul 22, Microsemi Corporation reported unaudited results for its third quarter of fiscal year 2010 ended June 27, 2010. The Company reported revenue of $136.0 million.


President, CEO & Director James J Peterson sold 156,000 shares of MSCC stock on 10/01/2010 at the average price of 17.2. EVP & CFO John W Hohener sold 53,333 shares of MSCC stock on 10/01/2010 at the average price of 17.19. Senior VP of Human Resources John M Holtrust, EVP & Chief Strategy Officer Steven G Litchfield, EVP & COO Ralph Brandi, and Chairman of the Board Dennis R Leibel together sold 187,057 shares of MSCC stock in August, September, and October.


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