Weekly CEO Sells Highlight: Synopsys Inc., Cypress Semiconductor, Pilgrim's Pride Corp., DG FastChannel, Corning Inc.

Weekly CEO Sells Highlight: SNPS, CY, PPC, DGIT, GLW

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Feb 28, 2010
According to GuruFocus Insider Data, these are the largest CEO sales during the past week.


Synopsys Inc. (SNPS, Financial): Chairman of the Board & CEO Geus Aart De sold 1,060,000 Shares

Chairman of the Board & CEO of Synopsys Inc. (SNPS) Geus Aart De sold 1,060,000 shares on 02/19/2010 at an average price of $21.47.


Synopsys, Inc. is a supplier of electronic design automation software to the global electronics industry. Synopsys Inc. has a market cap of $3.23 billion; its shares were traded at around $21.9 with a P/E ratio of 15.2 and P/S ratio of 2.4.


On February 17, Synopsys, Inc. reported its results for its first quarter of fiscal year 2010. For the first quarter of fiscal 2010, Synopsys reported revenue of $330.2 million compared to $339.8 million for the first quarter of fiscal 2009.Chairman of the Board & CEO Geus Aart De sold 1,060,000 shares of SNPS stock on 02/19/2010 at the average price of 21.47, the price of the stock has increased by 2% since. CFO Brian M Beattie sold 12,000 shares of SNPS stock on 02/19/2010 at the average price of 21.7, the price of the stock has increased by 0.92% since. VP, Legal & General Counsel Brian E Cabrera sold 71,806 shares of SNPS stock on 02/24/2010 at the average price of 22, the price of the stock has decreased by 0.45% since. VP, Controller Esfandiar Naddaf sold 1,751 shares of SNPS stock in February and December. Director Sasson Somekh sold 939 shares of SNPS stock on 02/19/2010 at the average price of 21.7, the price of the stock has increased by 0.92% since.


Cypress Semiconductor Corp. (CY, Financial): President & CEO Thurman J Rodgers sold 765,922 Shares



President & CEO of Cypress Semiconductor Corp. (CY) Thurman J Rodgers sold 765,922 shares on 02/26/2010 at an average price of $11.87.


Cypress Semiconductor Corporation designs, develops, manufactures and markets a 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 $1.84 billion; its shares were traded at around $11.83 with and P/S ratio of 2.7.


Cypress Semiconductor Corp. announced on February 15th its highly accurate passive stylus support for capacitive touchscreen technology. With a 1-mm accurate tip, Cypress’s TrueTouch™ touchscreen solution is poised to transform the stylus market for the next generation of capacitive touchscreen phones, allowing users additional levels of accuracy and control for text entry, keyboard, handwriting recognition, and other productive functions for mobile applications.


President & CEO Thurman J Rodgers sold 765,922 shares of CY stock on 02/26/2010 at the average price of 11.87, the price of the stock has decreased by 0.34% since. Director De Ven Evert Van and J Daniel Mccranie and Executive Vice President Dinesh Ramanathan together sold 173,052 shares of CY stock in February. Director Lloyd Carney sold 39,680 shares of CY stock in September.


Pilgrim's Pride Corp. (PPC, Financial): CEO Don Jackson sold 274,637 Shares

CEO of Pilgrim's Pride Corp. (PPC) Don Jackson sold 274,637 shares on 02/25/2010 at an average price of $9.07. Pilgrim's Pride is a chicken companie in the US, Mexico and Puerto Rico. Pilgrim's Pride Corp. has a market cap of $695.8 million; its shares were traded at around $9.02 .


On February 4th, Pilgrim's Pride Corporation reported net income of $33.6 million, or $0.44 per diluted share, on net sales of $1.6 billion for the quarter ended December 27, 2009. These results include an income tax benefit of $102.4 million, or $1.33 per diluted share, related to a net operating loss carryforward, and a net charge of $32.7 million, or $0.42 per diluted share, related to the company's reorganization. For the comparable quarter a year earlier, the company reported a net loss of $228.8 million, or $3.09 per diluted share, on total sales of nearly $1.9 billion.


CEO Don Jackson sold 274,637 shares of PPC stock on 02/25/2010 at the average price of 9.07, the price of the stock has decreased by 0.55% since.


DG FastChannel Inc. (DGIT, Financial): CEO, 10% Owner Scott K Ginsburg sold 242,434 Shares

CEO, 10% Owner of DG FastChannel Inc. (DGIT) Scott K Ginsburg sold 242,434 shares on 02/22/2010 at an average price of $32.42.


DG FastChannel provides innovative, technology-based solutions to help advertisers and agencies work. DG Fastchannel Inc. has a market cap of $773 million; its shares were traded at around $32.39 with a P/E ratio of 29.4 and P/S ratio of 4.1.


DG FastChannel, Inc. reported on February 16th its record fourth quarter financial results. Consolidated revenue for the fourth quarter 2009 increased 10.6% to $57.5 million compared to $52.0 million in the same period of 2008. Fourth quarter Adjusted EBITDA increased 27.8% to $25.8 million compared to $20.2 million for the same period of 2008. Fourth quarter 2009 revenue from the delivery of high definition (HD) advertising content increased 78% to $21.4 million compared to $12.0 million in the same period of 2008.


CEO, 10% Owner Scott K Ginsburg sold 317,434 shares of DGIT stock in February and December. CFO Omar A Choucair sold 8,666 shares of DGIT stock on 02/19/2010 at the average price of 32.84, the price of the stock has decreased by 1.37% since. Director Kevin C Howe and William Donner and President and COO Neil Nguyen together sold 22,666 shares of DGIT stock in February and December. Director William Donner sold 666 shares of DGIT stock on 02/19/2010 at the average price of 31.87, the price of the stock has increased by 1.63% since. Director Lisa C Gallagher sold 2,000 shares of DGIT stock in February and January.


Corning Inc. (GLW, Financial): Chairman & CEO Wendell P Weeks sold 220,500 Shares



Chairman & CEO of Corning Inc. (GLW) Wendell P Weeks sold 220,500 shares on 02/18/2010 at an average price of $17.97. Corning Incorporated creates technologies for the fastest-growing markets of the world's economy. Corning Inc. has a market cap of $27.43 billion; its shares were traded at around $17.63 with a P/E ratio of 13.1 and P/S ratio of 5. The dividend yield of Corning Inc. stocks is 1.1%.


On January 26th, Corning Incorporated announced its results for the fourth quarter and full year 2009: Sales were $1.53 billion, an increase of 4% sequentially and 41% year over year. Earnings per share were $0.47. Excluding special items, EPS was $0.44*, a gain of 5% sequentially and 238% from a year ago. Display Technologies combined glass volume, including Corning’s wholly owned business and Samsung Corning Precision Glass Co., Ltd., increased 3% over a robust third-quarter level and increased 86% year over year. Gross margin was 42%, up 2% from the previous quarter, and greatly improved from last year’s gross margin of 28%. Equity earnings were $461 million surpassing the previous quarter’s $418 million figure. Year-over-year equity earnings improved by 60%.


Chairman & CEO Wendell P Weeks sold 396,695 shares of GLW stock in February and November. VICE CHAIRMAN & CFO James B Flaws sold 268,772 shares of GLW stock in February, December and November. Exec. VP & Chief Admin.Officer Kirk P Gregg, President & COO Peter F Volanakis, and Senior Vice President Lawrence D Mcrae togethersold 71,793 shares of GLW stock in February. VP Controller & PAO R Tony Tripeny sold 26,216 shares of GLW stock on 02/16/2010


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