QLogic Corp. (QLGC) Executive Chairman Hk Desai sells 221,875 Shares

Executive Chairman of QLogic Corp. (QLGC, Financial) Hk Desai sells 221,875 shares of QLGC on 11/26/2010 at an average price of $18.18 a share.

Qlogic Corp. has a market cap of $1.99 billion; its shares were traded at around $18.22 with a P/E ratio of 18.59 and P/S ratio of 3.63. Qlogic Corp. had an annual average earning growth of 6.9% over the past 10 years.

QLGC is in the portfolios of Westport Asset Management, John Hussman of Hussman Economtrics Advisors, Inc., Steven Cohen of SAC Capital Advisors, Louis Moore Bacon of Moore Capital Management, LP, Jim Simons of Renaissance Technologies LLC, Bruce Kovner of Caxton Associates, Mario Gabelli of GAMCO Investors, Jeremy Grantham of GMO LLC.

Directors and Officers Recent Trades:

  • Buy: Director William M Zeitler bought 10,000 shares of QLGC stock on 10/26/2010 at the average price of 16.93. William M Zeitler owns at least 10,000 shares after this. The price of the stock has increased by 7.62% since.

  • Sell: Executive Chairman Hk Desai sold 800,000 shares of QLGC stock on 11/24/2010 at the average price of 18.2. Hk Desai owns at least 274,612 shares after this. The price of the stock has increased by 0.11% since.

  • Sell: Senior VP - WW Sales Scott Genereux sold 5,625 shares of QLGC stock on 11/05/2010 at the average price of 18. The price of the stock has increased by 1.22% since.

  • Sell: Senior VP - WW Sales Scott Genereux sold 9,205 shares of QLGC stock on 11/01/2010 at the average price of 17.54. The price of the stock has increased by 3.88% since.

  • Sell: VP and GM Jesse L Parker sold 3,953 shares of QLGC stock on 08/30/2010 at the average price of 15.2. The price of the stock has increased by 19.87% since.