Weekly CFO Buys Highlight: Micron Technology Inc, Old Line Bancshares Inc, and Comverse Inc.

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Jul 13, 2015

According to GuruFocus Insider Data, the recent CFO buys were: Micron Technology Inc. (MU, Financial), Old Line Bancshares Inc. (OLBK, Financial), and Comverse Inc. (CNSI, Financial).

Micron Technology Inc.: CFO and VP, Finance Ernest E Maddock bought 5,000 shares

On 07/09/2015, CFO and VP, Finance Ernest E Maddock bought 5,000 shares at an average price of $17.5. The price of the stock has increased by 0.4%. Micron Technology Inc. has a market cap of $19 billion and its shares were traded at around $17.57. The company has a P/E ratio of 5.40 and P/S ratio of 1.24. Over the past 10 years, Micron Technology Inc. had an annual average earnings growth of 5.10%.

Micron Technology Inc. announced its 2015 first-quarter results with revenues of $4.17 billion and gross profit of $1.41 billion; the net income was $934 million. The 2014 total revenue was $16.36 billion, an 80% increase from the 2013 total revenue. The 2014 gross profit was $5.44 billion, a 194% increase from the 2013 gross profit. The 2014 net income was $3.05 billion.

On 06/09/2015, Vice President, R&D Scott J Deboer sold 39,087 shares at an average price of $25.01. The price of the stock has decreased by 29.75%. On 06/01/2015, Director Robert L Bailey sold 4,000 shares at an average price of $28.22. The price of the stock has decreased by 37.74%. On 04/22/2015, VP Memory Tech. & Solutions Brian Shirley sold 89,750 shares at an average price of $28.74. The price of the stock has decreased by 38.87%.

Old Line Bancshares Inc.: SVP, CFO Elise Marie Hubbard bought 1,193 shares

On 07/02/2015, SVP, CFO Elise Marie Hubbard bought 1,193 shares at an average price of $15.71. The price of the stock has increased by 4.01%. Old Line Bancshares Inc. has a market cap of $173.479 million and its shares were traded at around $16.34. The company has a P/E ratio of 22.30 and P/S ratio of 3.62 with a dividend yield of 1.22%. Over the past 10 years, Old Line Bancshares Inc. had an annual average earnings growth of 10.00%. GuruFocus rated Old Line Bancshares Inc. the business predictability rank of 4-star.

Old Line Bancshares Inc. announced its 2015 first-quarter results with revenues of $14.34 million; the net income was $2.75 million. The 2014 total revenue was $51.56 million, a 3% decrease from the 2013 total revenue. The 2014 net income was $7.13 million.

On 06/09/2015, Director John M Suit Ii bought 1,000 shares at an average price of $15.79. The price of the stock has increased by 3.48%. On 06/08/2015, Director Frank Jr Lucente bought 500 shares at an average price of $15.77. The price of the stock has increased by 3.61%. On 05/19/2015, Director Frank Jr Lucente bought 200 shares at an average price of $15.73. The price of the stock has increased by 3.88%.

Comverse Inc.: SVP, CFO Jacky Wu bought 490 shares

On 07/09/2015, SVP, CFO Jacky Wu bought 490 shares at an average price of $20.5. The price of the stock has decreased by 4.68%. Comverse Inc. has a market cap of $428.653 million and its shares were traded at around $19.54. The company has a P/S ratio of 1.07.

Comverse Inc. announced its 2015 second-quarter results with revenues of $45.71 million and gross profit of $1.95 million; the net income was $26.66 million. The 2014 total revenue was $477.31 billion, a 27% decrease from the 2013 total revenue. The 2014 gross profit was $168.66 billion, a 33% decrease from the 2013 gross profit. The 2014 net income was $22.14 billion.

On 06/24/2015, President, CEO and Director Philippe Tartavull bought 2,800 shares at an average price of $21.02. The price of the stock has decreased by 7.04%. On 07/06/2015, Director Henry R Nothhaft bought 2,500 shares at an average price of $19.11. The price of the stock has increased by 2.25%.