Weekly highlight of CEO buys. Related Companies: ScheringPlough Corp. (SGP, Financial), Novellus Systems Inc. (NVLS, Financial), SeaBright Insurance Holdings Inc. (SEAB, Financial), Amcore Financial Inc. (AMFI, Financial), Affymetrix Inc. (AFFX, Financial).
ScheringPlough Corp. (SGP): Chairman and CEO, Director Fred Hassan Bought 110,000 Shares
Pharmaceutical company Schering-Plough Corporation (SGP)’s first quarter profits plunged 48% from hefty acquisition expenses. The company pulled in $253 million or $0.15 a share compared to $543 million or $0.36 a share in 2007. The company purchased Organon Biosciences for $14.5 billion in late-November. Last week of April, the FDA denied ScheringPlough and Merck from making a new pill that will combine Claritin and Singulair.
Kenneth Fisher, Richard Aster Jr., Jean-Marie Eveillard, Bill Nygren, Irving Kahn, Dodge & Cox, and Edward Owens own shares of Schering Plough. HOTCHKIS & WILEY sold out their Schering Plough holdings before December.
Chairman and CEO, Director Fred Hassan bought 110,000 shares of SGP stock on 4/24/08 at $18.26, which he currently owns a total of 720,800 shares.
ScheringPlough Corp. has a market cap of $30.49 billion; its shares were traded at around $18.61 with P/S ratio of 2.08. The dividend yield of ScheringPlough Corp. stocks is 1.4%.
Novellus Systems Inc. (NVLS): CEO Richard Hill Bought 10,000 Shares
Novellus Systems, Inc. (NVLS) engages in the manufacture, marketing, and servicing of semiconductor equipment for thin film deposition, surface preparation, and chemical mechanical planarization. The company shares prices have dropped nearly 10% its value year to date. Due to lower sales, Novellus cut their first quarter earnings 71% to $15.5 million or $0.15 a share compared to $53.8 million or $0.42 a year ago. Revenue declined 21% to $314.7 million. The company expects slower business for the rest of the year.
Bruce Sherman owns 9,324,671 shares since the last quarter of 2007.
CEO Richard Hill bought 10,000 shares on 4/25/08 at $21.82, while officers sold shares at $24.50 to $26.70 in the past two quarters: EVP Jeffrey Benzing sold 4,498 shares; Technical Officer Fusen Ernie Chen sold 4,397 shares; SVP Martin J. Collins sold 1,607 shares; and Director J. David Litster sold 500 shares.
Novellus Systems Inc. has a market cap of $2.23 billion; its shares were traded at around $22.96 with a P/E ratio of 15.12 and P/S ratio of 1.48.
SeaBright Insurance Holdings Inc. (SEAB): Chairman, President & CEO, Director John G. Pasqualetto Bought 8,000 Shares
Worker’s compensation insurance provider SeaBright Insurance Holdings, Inc. (SEAB), kept their first quarter profits steady at $10.9 million or $0.52 compared to a previous $10.1 million or $0.48, on 17% revenue increase to $64.2 million. Some analysts predict SeaBright to be taken over along with other insurance firms.
Chairman, President & CEO, Director John G. Pasqualetto bought 8,000 shares on 4/25/08 at $15.39 and Director George M. Morvis bought 1,000 shares on 11/5/07 at $15.48.
SeaBright Insurance Holdings Inc. has a market cap of $322.39 million; its shares were traded at around $15.7 with a P/E ratio of 8.13 and P/S ratio of 1.29.
Amcore Financial Inc. (AMFI): CEO, Director William R. Mcmanaman Bought 10,000 Shares
Bad loans put AMCORE Financial, Inc. (AMFI) in a first quarter loss of $27.5 million or $1.25 per share compared to a profit of $8.2 million or $0.35 per share in 2007. The holding bank made plans to cut expenses by trimming 45% its work-force and reserving $57.2 million for write-downs for the quarter. Shares are down 32% year to date.
CEO, Director William R. Mcmanaman bought 10,000 shares on 4/24/08 at $12.25. Other insiders bought in April between $10.9 and $11.60: President & COO Donald H. Wilson bought 7,500 shares; EVP Richard E. Stiles bought 10,000; and EVP Russell Campbell bought 4,000 shares.
Amcore Financial Inc. has a market cap of $282.08 million; its shares were traded at around $13.21 with P/S ratio of 1.91. The dividend yield of Amcore Financial Inc. stocks is 3.8%.
Affymetrix Inc. (AFFX): Chairman and CEO, Director Stephen P. A. Fodor Bought 10,000 Shares
Affymetrix, Inc. (AFFX) engages in the development, manufacture, sale, and servicing of consumables and systems for genetic analysis in the life sciences and clinical healthcare markets. In the first quarter, the company over doubled their profits to $46.3 million or $0.58 compared to a loss of $4 million or $0.06 a year ago. AFFX’s law-suit payment of $90 million offset its first quarter to a gain, additional to a flat revenue of $80.4 million.
George Soros decreased his AFFX holdings to 35,664 shares as of 12/31/2007.
Chairman and CEO, Director Stephen P. A. Fodor bought 10,000 shares on 4/29/08 at $11.39.
Affymetrix Inc. has a market cap of $772.03 million; its shares were traded at around $11.46 with a P/E ratio of 15.36 and P/S ratio of 1.62.
ScheringPlough Corp. (SGP): Chairman and CEO, Director Fred Hassan Bought 110,000 Shares
Pharmaceutical company Schering-Plough Corporation (SGP)’s first quarter profits plunged 48% from hefty acquisition expenses. The company pulled in $253 million or $0.15 a share compared to $543 million or $0.36 a share in 2007. The company purchased Organon Biosciences for $14.5 billion in late-November. Last week of April, the FDA denied ScheringPlough and Merck from making a new pill that will combine Claritin and Singulair.
Kenneth Fisher, Richard Aster Jr., Jean-Marie Eveillard, Bill Nygren, Irving Kahn, Dodge & Cox, and Edward Owens own shares of Schering Plough. HOTCHKIS & WILEY sold out their Schering Plough holdings before December.
Chairman and CEO, Director Fred Hassan bought 110,000 shares of SGP stock on 4/24/08 at $18.26, which he currently owns a total of 720,800 shares.
ScheringPlough Corp. has a market cap of $30.49 billion; its shares were traded at around $18.61 with P/S ratio of 2.08. The dividend yield of ScheringPlough Corp. stocks is 1.4%.
Novellus Systems Inc. (NVLS): CEO Richard Hill Bought 10,000 Shares
Novellus Systems, Inc. (NVLS) engages in the manufacture, marketing, and servicing of semiconductor equipment for thin film deposition, surface preparation, and chemical mechanical planarization. The company shares prices have dropped nearly 10% its value year to date. Due to lower sales, Novellus cut their first quarter earnings 71% to $15.5 million or $0.15 a share compared to $53.8 million or $0.42 a year ago. Revenue declined 21% to $314.7 million. The company expects slower business for the rest of the year.
Bruce Sherman owns 9,324,671 shares since the last quarter of 2007.
CEO Richard Hill bought 10,000 shares on 4/25/08 at $21.82, while officers sold shares at $24.50 to $26.70 in the past two quarters: EVP Jeffrey Benzing sold 4,498 shares; Technical Officer Fusen Ernie Chen sold 4,397 shares; SVP Martin J. Collins sold 1,607 shares; and Director J. David Litster sold 500 shares.
Novellus Systems Inc. has a market cap of $2.23 billion; its shares were traded at around $22.96 with a P/E ratio of 15.12 and P/S ratio of 1.48.
SeaBright Insurance Holdings Inc. (SEAB): Chairman, President & CEO, Director John G. Pasqualetto Bought 8,000 Shares
Worker’s compensation insurance provider SeaBright Insurance Holdings, Inc. (SEAB), kept their first quarter profits steady at $10.9 million or $0.52 compared to a previous $10.1 million or $0.48, on 17% revenue increase to $64.2 million. Some analysts predict SeaBright to be taken over along with other insurance firms.
Chairman, President & CEO, Director John G. Pasqualetto bought 8,000 shares on 4/25/08 at $15.39 and Director George M. Morvis bought 1,000 shares on 11/5/07 at $15.48.
SeaBright Insurance Holdings Inc. has a market cap of $322.39 million; its shares were traded at around $15.7 with a P/E ratio of 8.13 and P/S ratio of 1.29.
Amcore Financial Inc. (AMFI): CEO, Director William R. Mcmanaman Bought 10,000 Shares
Bad loans put AMCORE Financial, Inc. (AMFI) in a first quarter loss of $27.5 million or $1.25 per share compared to a profit of $8.2 million or $0.35 per share in 2007. The holding bank made plans to cut expenses by trimming 45% its work-force and reserving $57.2 million for write-downs for the quarter. Shares are down 32% year to date.
CEO, Director William R. Mcmanaman bought 10,000 shares on 4/24/08 at $12.25. Other insiders bought in April between $10.9 and $11.60: President & COO Donald H. Wilson bought 7,500 shares; EVP Richard E. Stiles bought 10,000; and EVP Russell Campbell bought 4,000 shares.
Amcore Financial Inc. has a market cap of $282.08 million; its shares were traded at around $13.21 with P/S ratio of 1.91. The dividend yield of Amcore Financial Inc. stocks is 3.8%.
Affymetrix Inc. (AFFX): Chairman and CEO, Director Stephen P. A. Fodor Bought 10,000 Shares
Affymetrix, Inc. (AFFX) engages in the development, manufacture, sale, and servicing of consumables and systems for genetic analysis in the life sciences and clinical healthcare markets. In the first quarter, the company over doubled their profits to $46.3 million or $0.58 compared to a loss of $4 million or $0.06 a year ago. AFFX’s law-suit payment of $90 million offset its first quarter to a gain, additional to a flat revenue of $80.4 million.
George Soros decreased his AFFX holdings to 35,664 shares as of 12/31/2007.
Chairman and CEO, Director Stephen P. A. Fodor bought 10,000 shares on 4/29/08 at $11.39.
Affymetrix Inc. has a market cap of $772.03 million; its shares were traded at around $11.46 with a P/E ratio of 15.36 and P/S ratio of 1.62.
