Weekly CFO Sells Highlight: QCOM, CY, BC, FII, LULU, UTEK

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Feb 06, 2011
According to GuruFocus Insider Data, the largest CFO sells during the past week were : QUALCOMM Inc, Cypress Semiconductor Corp., BRUSNWICK Corp, BANKUNITED Inc, FEDERATED INVESTORS Inc, Lululemon Athletica Inc, and Ultratech Inc.


QUALCOMM Inc. (QCOM, Financial): EVP & CFO William E Keitel Sold 435,502 Shares

EVP & CFO of QUALCOMM Inc. (QCOM) William E Keitel sold 435,502 shares on 01/27/2011 at an average price of $54.2. QUALCOMM Inc. develops and delivers innovative digital wireless communications products and services based on the company's CDMA digital technology. Qualcomm Inc. has a market cap of $89.35 billion; its shares were traded at around $55.23 with a P/E ratio of 24.5 and P/S ratio of 8. The dividend yield of Qualcomm Inc. stocks is 1.4%. Qualcomm Inc. had an annual average earning growth of 14.6% over the past 10 years. GuruFocus rated Qualcomm Inc. the business predictability rank of 3-star.


QUALCOMM Inc. recently released its first quarter 2011 results. During its first quarter ended January 26, 2011, the company reported revenues of $3.35 billion, up 25 percent y-o-y and Net income of $1.17 billion, up 39 percent y-o-y. Total reported device sales for the company were up by 39 percent y-o-y at $34.0 billion following increasing demand for smartphones and data-centric devices.


Hedge Fund Gurus that owns QCOM: Private Capital of Private Capital Management, Manning & Napier Advisors, Inc, Steve Mandel of Lone Pine Capital, Bruce Kovner of Caxton Associates, Lee Ainslie of Maverick Capital, George Soros of Soros Fund Management LLC, Richard Perry of Perry Capital, Steven Cohen of SAC Capital Advisors, Stanley Druckenmiller of Duquesne Capital Management, LLC. Mutual Fund and Other Gurus that owns QCOM: Oak Value of Oak Value Capital Management, Jeremy Grantham of GMO LLC, PRIMECAP Management, Pioneer Investments, Pioneer Investments, RS Investment Management, Mario Gabelli of GAMCO Investors, Ron Baron of Baron Funds, Chuck Royce of Royce& Associates, Bill Frels of Mairs & Power Inc. , Jean-Marie Eveillard of First Eagle Investment Management, LLC.


Sell: EVP & CFO William E Keitel sold 435,502 shares of QCOM stock on 01/27/2011 at the average price of 54.2. President Steven R Altman sold 247,500 shares of QCOM stock on 02/03/2011 at the average price of 54.5. EVP & Corporate Secretary Donald J Rosenberg sold 100,000 shares of QCOM stock on 02/01/2011 at the average price of 55.02.


Cypress Semiconductor Corp. (CY, Financial): CFO Brad W Buss Sold 150,000 Shares

CFO of Cypress Semiconductor Corp. (CY) Brad W Buss sold 150,000 shares on 02/01/2011 at an average price of $22.16. Cypress Semiconductor Corporation designs, develops, manufactures andmarkets a broad line of high-performance digital and mixed-signal integrated circuits for a range of markets, including data communications, telecommunications, computers, and instrumentation systems. Cypress Semiconductor Corp. has a market cap of $3.87 billion; its shares were traded at around $23.33 with a P/E ratio of 46.6 and P/S ratio of 4.3.


Cypress Semiconductor Corp recently announced their fourth quarter 2010 results. During this quarter the company reported revenues of $226.6 million (non-GAAP), compared to $194.0 million prior year quarter. During this quarter the company also repurchased 1.9 million of its own shares at $17.4 per share.


Hedge Fund Gurus that owns CY: Bruce Kovner of Caxton Associates, Steven Cohen of SAC Capital Advisors. Mutual Fund and Other Gurus that owns CY: Mario Gabelli of GAMCO Investors.


Sell: President & CEO Thurman J Rodgers sold 705,000 shares of CY stock on 02/01/2011 at the average price of 22.04. CFO Brad W Buss sold 150,000 shares of CY stock on 02/01/2011 at the average price of 22.16. Executive Vice President Norman P Taffe and Executive Vice President Christopher A Seams also sold shares of CY stock.


BRUNSWICK Corp. (BC, Financial): SR VP & CFO Peter B Hamilton Sold 89,800 Shares

SR VP & CFO of BRUNSWICK Corp. (BC) Peter B Hamilton sold 89,800 shares on 02/03/2011 at an average price of $20.41. Brunswick Corporation is a manufacturer and marketer of consumer brands in four segments: Marine Engines, Boats, Fitness and Bowling & Billiards. Brunswick Corp. has a market cap of $1.85 billion; its shares were traded at around $20.84 with and P/S ratio of 0.5. The dividend yield of Brunswick Corp. stocks is 0.2%.


BRUNSWICK Corp. recently announced its fourth quarter 2010 results. During this quarter the company reported net sales of $728.8 million, up 11 percent from prior year quarter. Net loss was $1.17 per share compared to $1.40 prior year quarter.


Hedge Fund Gurus that owns BC: David Tepper of APPALOOSA MANAGEMENT LP, Kenneth Fisher of Fisher Asset Management, LLC, Jim Simons of Renaissance Technologies LLC. Mutual Fund and Other Gurus that owns BC: James Barrow of Barrow, Hanley, Mewhinney & Strauss, Mario Gabelli of GAMCO Investors, Pioneer Investments.


Sell: SR VP & CFO Peter B Hamilton sold 89,800 shares of BC stock on 02/03/2011 at the average price of 20.41. Peter B Hamilton owns at least 113,177 shares after this. The price of the stock has increased by 2.11% since.


FEDERATED INVESTORS INC. (FII, Financial): Vice President, CFO, Treasurer Thomas R Donahue Sold 80,000 Shares

Vice President, CFO, Treasurer of FEDERATED INVESTORS INC. (FII) Thomas R Donahue sold 80,000 shares on 02/01/2011 at an average price of $26.93. Federated Investors, Inc. is a provider of investment management and related financial services. Federated Investors Inc. has a market cap of $2.75 billion; its shares were traded at around $26.71 with a P/E ratio of 16.5 and P/S ratio of 2.9. The dividend yield of Federated Investors Inc. stocks is 3.5%. Federated Investors Inc. had an annual average earning growth of 3% over the past 10 years.


Federated Investors Inc. recently reported its fourth quarter 2010 results. The company reported Net income of $46.4 million compared to $51.9 million prior year quarter. Equity and fixed-income assets of the company surpassed 82 billion at the years end.


Hedge Fund Gurus that owns FII: Bruce Kovner of Caxton Associates. Mutual Fund and Other Gurus that owns FII: Tweedy Browne of Tweedy Browne CO LLC, Chuck Royce of Royce& Associates, Tom Gayner of Markel Gayner Asset Management Corp, David Dreman of Dreman Value Management, Richard Aster Jr of Meridian Fund, Mario Gabelli of GAMCO Investors.


Sell: President and CEO J Christopher Donahue sold 110,000 shares of FII stock on 02/02/2011 at the average price of 26.69. President, CFO, Treasurer Thomas R Donahue sold 80,000 shares of FII stock on 02/01/2011 at the average price of 26.93.


lululemon athletica inc. (lulu): CFO John Currie Sold 75,000 Shares

CFO of lululemon athletica inc. (lulu) John Currie sold 75,000 shares on 02/04/2011 at an average price of $75.13. LULULEMON ATHLETICA is a yoga inspired athletic apparel company that creates components for people to live longer, healthier and more fun lives. Lululemon Athletica Inc. has a market cap of $4.07 billion; its shares were traded at around $76.96 with a P/E ratio of 57.8 and P/S ratio of 9.


lululemon athletica inc announced its third quarter 2010 results ended October 31. During this quarter the company reports Net revenue of $175.8 million compared to $112.9 million prior year quarter. Gross profit for the quarter increased to $96.8 million.


Hedge Fund Gurus that owns lulu: John Griffin of Blue Ridge Capital, Whitney Tilson of T2 Partners Management, LP, Jim Simons of Renaissance Technologies LLC, Steven Cohen of SAC Capital Advisors. Mutual Fund and Other Gurus that owns lulu: Columbia Wanger of Columbia Wanger Asset Management, RS Investment Management.


Sell: CFO John Currie sold 75,000 shares of lulu stock on 02/04/2011 at the average price of 75.13. John Currie owns at least 10,000 shares after this. The price of the stock has increased by 2.44% since.


Ultratech Inc. (UTEK, Financial): Sr. VP-Fin, CFO & Secretary Bruce R Wright Sold 72,039 Shares

Sr. VP-Fin, CFO & Secretary of Ultratech Inc. (UTEK) Bruce R Wright sold 72,039 shares on 02/01/2011 at an average price of $23.5. Ultratech Stepper, Inc. develops, manufactures and markets photolithography equipment designed to reduce the cost of ownership for manufacturers of integrated circuits, including advanced packaging processes, photomasks, thin film magnetic recording devices and micromachined components. Ultratech Inc. has a market cap of $622.3 million; its shares were traded at around $25.48 with a P/E ratio of 37.3 and P/S ratio of 4.4.


Hedge Fund Gurus that owns UTEK: Jim Simons of Renaissance Technologies LLC. Mutual Fund and Other Gurus that owns UTEK: John Buckingham of Al Frank Asset Management, Inc., Chuck Royce of Royce& Associates, Mario Gabelli of GAMCO Investors.


Sell: Sr. VP-Fin, CFO & Secretary Bruce R Wright sold 72,039 shares of UTEK stock on 02/01/2011 at the average price of 23.5. Bruce R Wright owns at least 101,515 shares after this. The price of the stock has increased by 8.43% since.


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