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Shuda Xia
Shuda Xia
Articles (388) 

Top Insider Buys Highlight for the Week of Sept. 25

The largest Insider Buys this week were for Broadcom Inc., DaVita Inc., Corporate Office Properties Trust and Ormat Technologies Inc.

September 27, 2020 | About:

According to GuruFocus data, the largest Insider Buys this week were for Broadcom Inc. (NASDAQ:AVGO), DaVita Inc. (NYSE:DVA), Corporate Office Properties Trust (NYSE:OFC) and Ormat Technologies Inc. (NYSE:ORA).

Broadcom Inc. Director Henry Samueli bought 101,740 shares

Director Henry Samueli bought 101,740 shares on Sept. 18 at the average price of $361.45. The price of the stock has decreased by 1.29% since.

Broadcom Inc. is an American designer, developer and supplier of semiconductor technologies. The company supplies products within four primary markets, including wired infrastructure, wireless communications, enterprise storage and industrial. The company is also a component of the S&P 500. The company has a market capitalization of $144.33 billion, and as of Sept. 25 it traded at $356.80.

On Sept. 10, Broadcom Inc. announced the highest performing router in the company's industry, its Jericho2c+. The 7 nm chip provides 14.4 terabits per second of routing capabilities and the "best" power efficiency in the market. Jericho2c+ is designed to minimize the power per terabit of bandwidth in a modular chassis and enables a 36 Port 400GbE line-card with integrated security. The company is currently sampling the new router chip to qualified customers.

DaVita Inc. Director John M. Nehra bought 5,500 shares

Director John M. Nehra bought 5,500 shares on Sept. 23 at the average price of $83.85. The price of the stock has increased by 0.06% since.

DaVita Inc. is an American healthcare company that specializes in kidney care and dialysis services. The company offers hemodialysis, nocturnal dialysis, peritoneal dialysis, home hemodialysis, vascular access management and renal diet assistance. The company has a market capitalization of $10.23 billion, and as of Sept. 25 it traded at $83.90.

On Sept. 17, DaVita Inc. announced the final results of the company's modified "Dutch auction" tender offer for up to $1.0 billion of its common stock at a price per share not less than $77.00 and not more than $88.00. Based on the final count, a total of 7,981,679 shares of the company's common stock were validly tendered. The company accepted all these shares for purchase at a price of $88.00 per share, for a total of $702,387,752, excluding fees and expenses. The total amount represents approximately 6.5% of the company's common stock.

Corporate Office Properties Trust Director Taylor C. Pickett bought 10,000 shares

Director Taylor C. Pickett bought 10,000 shares on Sept. 24 at the average price of $22.16. The price of the stock has increased by 2.57% since.

Corporate Office Properties Trust is an American real estate investment trust that primarily invests in office buildings concentrated in the suburbs of the Washington, D.C. metropolitan area and primarily leases to the U.S. government or companies in the defense industry. The company has a market capitalization of $2.55 billion, and as of Sept. 25 it traded at $22.73.

On Sept. 16, Corporate Office Properties Trust announced that it has priced an underwritten public offering of $400 million of 2.25% senior notes due 2026. The offering closed on Sept. 17.

Ormat Technologies Inc. Executive Vice President of Electricty Zvi Krieger bought 3,000 shares

Executive Vice President of Electricty Zvi Krieger bought 3,000 shares on Sept. 22 at the average price of $55.77. The price of the stock has increased by 2.8% since.

Ormat Technologies Inc. is an American energy company that focuses on providing alternative and renewable sources of power. The company has built over 150 power plants and installed over 2,000 MW. The company is also a component of the Russell 2000. The company has a market capitalization of $2.93 billion, and as of Sept. 25 it traded at $57.33.

On Sept. 15, Ormat Technologies Inc. announced that Empresa Nacional de Energia Electrica, its customer for its Platanares geothermal power plant in Honduras, has paid the $20 million overdue payment that was outstanding from previous years. The company is continuing to explore a new 20 MW geothermal prospect in the center of Honduras and intends to support efforts to meet the demand for renewable energy and base load electricity in Honduras.

For the complete list of stocks that were bought by their company executives, go to: Insider Trades.

Disclosure: I do not own stock in any of the companies mentioned in the article.

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