Weekly CFO Sells Highlight: MSCC, BMRN, VAL, CUTR, REX, CIEN

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Oct 02, 2011
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Microsemi Corp, BioMarin Pharmaceutical Inc, Valspar Corp, Cutera Inc, Ciena Corp, and REX American Resources.


Microsemi Corp. (MSCC, Financial): EVP & CFO John W Hohener Sold 37,667 Shares

EVP & CFO of Microsemi Corp. (MSCC) John W Hohener sold 37,667 shares on 09/29/2011 at an average price of $17.21. Microsemi Corp. is a designer, manufacturer and marketer of analog, mixed-signal and discrete semiconductors. Microsemi Corp. has a market cap of $1.39 billion; its shares were traded at around $15.98 with a P/E ratio of 12 and P/S ratio of 2.7. Microsemi Corp. had an annual average earnings growth of 12.6% over the past 10 years.


Microsemi Corp. has released its results for its third quarter 2011. During this quarter the company reported net sales of $216.7 million, an increase of 59.3% over the prior year quarter. GAAP gross margin was 57.0%, an increase of 1,240 basis points from last year.


President, CEO & Director James J Peterson sold 132,667 shares of MSCC stock on 09/29/2011 at the average price of 17.16. EVP & CFO John W Hohener sold 37,667 shares of MSCC stock on 09/29/2011 at the average price of 17.21. John W Hohener owns at least 103,536 shares after this. The price of the stock has decreased by 7.15% since. Other insiders have recently sold shares of MSCC stock as well.


BioMarin Pharmaceutical Inc. (BMRN, Financial): SVP, CFO Jeffrey H Cooper Sold 18,379 Shares

SVP, CFO of BioMarin Pharmaceutical Inc. (BMRN) Jeffrey H Cooper sold 18,379 shares on 09/28/2011 at an average price of $32. BioMarin Pharmaceutical Inc. is a developer of carbohydrate enzyme therapies for debilitating, life-threatening, chronic genetic disorders and other diseases and conditions. Biomarin Pharmaceutical Inc. has a market cap of $3.56 billion; its shares were traded at around $31.87 with and P/S ratio of 9.6.


For its second quarter 2011, BioMarin Parmaceutical Inc. reported GAAP net loss of $5.1 million ($0.05 per diluted share), compared to a net loss of $0.5 million prior year quarter. Non-GAAP adjusted EBITDA was $13.9 million for this quarter, compared to $17.5 million last year.


CEO Jean Jacques Bienaime sold 1,000 shares of BMRN stock on 09/28/2011 at the average price of 32. SVP, CFO Jeffrey H Cooper sold 18,379 shares of BMRN stock on 09/28/2011 at the average price of 32. Jeffrey H Cooper owns at least 39,876 shares after this. The price of the stock has decreased by 0.41% since.VP; Human Resources Mark Wood sold shares of BMRN stock as well.


Valspar Corp. (VAL, Financial): Sr. VP and CFO Lori A Walker Sold 17,000 Shares

Sr. VP and CFO of Valspar Corp. (VAL) Lori A Walker sold 17,000 shares on 09/27/2011 at an average price of $32.75. Lori A Walker owns at least 82,001 shares after this. The price of the stock has decreased by 4.7% since.


The Valspar Corporation is a global leader in the paint and coatings industry, with a broad range of products including industrial, architectural, packaging, automotive refinish and floor coatings, and specialty polymers and colorants. Valspar Corp. has a market cap of $2.92 billion; its shares were traded at around $31.21 with a P/E ratio of 13 and P/S ratio of 0.9. The dividend yield of Valspar Corp. stocks is 2.4%. Valspar Corp. had an annual average earnings growth of 5.1% over the past 10 years. GuruFocus rated Valspar Corp. the business predictability rank of 3.5-star.


For its third quarter 2011, Valspar Corp. reported total sales of $1.07 billion, a 22.5% increase over last year. Third quarter net income per share was $0.80, a 14.3% increase from the $0.70 per share last year.


Cutera Inc. (CUTR, Financial): EVP and CFO Ronald J Santilli Sold 15,000 Shares

EVP and CFO of Cutera Inc. (CUTR) Ronald J Santilli sold 15,000 shares on 09/22/2011 at an average price of $7.22. Ronald J Santilli owns at least 39,889 shares after this. The price of the stock has decreased by 1.39% since.


Cutera Inc designs, develops, manufactures and markets the CoolGlide family of products for use in laser and other light-based aesthetic applications. Cutera Inc. has a market cap of $98.6 million; its shares were traded at around $7.12 with and P/S ratio of 1.8.


Cutera Inc. has released its second quarter 2011 results. For this quarter, the company reported total revenues of $14.9 million – 22% higher than the $12.2 million it reported last year. Net loss for this quarter was $2.5 million, compared to net loss of $3.8 million prior year quarter.


Ciena Corp. (CIEN, Financial): SVP Finance, CFO James E Jr Moylan Sold 13,343 Shares

SVP Finance, CFO of Ciena Corp. (CIEN) James E Jr Moylan sold 13,343 shares on 09/22/2011 at an average price of $11.07. Ciena Corporation is the network specialist, focused on expanding the possibilities for its customers' networks while reducing their cost of ownership. Ciena Corp. has a market cap of $1.07 billion; its shares were traded at around $11.2 with and P/S ratio of 0.9.


PRESIDENT, CEO Gary B Smith sold 30,230 shares of CIEN stock on 09/22/2011 at the average price of 11.07. SVP Finance, CFO James E Jr Moylan sold 13,343 shares of CIEN stock on 09/22/2011 at the average price of 11.07. James E Jr Moylan owns at least 274,950 shares after this. The price of the stock has increased by 1.17% since. Other insiders also sold shares of CIEN stock on 09/22/2011 as well.


For its third quarter 2011, Ciena Corp. reported revenues of $435.3 million, and net loss of $31.5 million. This compares to last years revenue and net loss of $417.9 million and $109.9 million.


REX American Resources (REX, Financial): CFO, VP-Finance, Treasurer Douglas Bruggeman Sold 12,750 Shares

CFO, VP-Finance, Treasurer of REX American Resources (REX) Douglas Bruggeman sold 12,750 shares on 09/29/2011 at an average price of $16.8. Douglas Bruggeman owns at least 40,600 shares after this. The price of the stock has increased by 0.48% since.


REX American Resources Corporation, formerly known as REX Stores Corporation, is engaged in the production and sale of ethanol and distillers grains. Rex American Resources has a market cap of $161 million; its shares were traded at around $16.88 with a P/E ratio of 10.3 and P/S ratio of 0.5.


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