Weekly CEO Sells Highlight: Universal Insurance Holdings Inc, EMC Corp, DG FastChannel Inc, Lattice Semiconductor Corp, and TASER International Inc.

Weekly CEO Sells Highlight: UVE, EMC, DGIT, LSCC, TASR

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Jun 06, 2010
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Universal Insurance Holdings Inc, EMC Corp, DG FastChannel Inc, Lattice Semiconductor Corp, and TASER International Inc.

Universal Insurance Holdings Inc (UVE, Financial): CEO, 10% Owner Bradley I Meier sold 500,000 Shares

CEO, 10% Owner of Universal Insurance Holdings Inc (UVE) Bradley I Meier sold 500,000 shares on 05/27/2010 at an average price of $4.35. Universal Insurance Holdings, Inc., through its wholly-owned subsidiary, Universal Property & Casualty Insurance Company (UPCIC), is currently engaged in insurance underwriting, distribution and claims. Universal Insurance Holdings Inc has a market cap of $173.9 million; its shares were traded at around $4.44 with a P/E ratio of 17.1 and P/S ratio of 0.9. The dividend yield of Universal Insurance Holdings Inc stocks is 10.8%.

On May 24, Universal Insurance Holdings, Inc. announced that its Board of Directors declared a cash dividend of $0.10 per share on its common stock. The dividend is payable on July 15, 2010 to shareholders of record on June 17, 2010.

CEO, 10% Owner Bradley I Meier sold 500,000 shares of UVE stock on 05/27/2010 at the average price of 4.35, the price of the stock has increased by 2.07% since. Senior VP and COO Sean P Downes sold 500,000 shares of UVE stock on 12/16/2009 at the average price of 5.26, the price of the stock has decreased by 15.59% since.

EMC Corp. (EMC, Financial): Chairman, President and CEO Joseph M Tucci sold 400,000 Shares

Chairman, President and CEO of EMC Corp. (EMC) Joseph M Tucci sold 400,000 shares on 06/03/2010 at an average price of $19.02. EMC Corporation and its subsidiaries design, manufacture, market and support hardware and software products and provide services for the storage, management, protection and sharing of electronic information. EMC Corp. has a market cap of $37.67 billion; its shares were traded at around $18.38 with a P/E ratio of 24.6 and P/S ratio of 2.7.

April 21, EMC Corporation reported record financial results for the first quarter of 2010. First-quarter consolidated revenue was $3.9 billion, an increase of 23% compared with the year-ago quarter. First-quarter GAAP net income attributable to EMC increased 92% year over year to $373 million. First-quarter GAAP diluted earnings per share were $0.17, up 70% year over year.

Chairman, President and CEO Joseph M Tucci sold 400,000 shares of EMC stock on 06/03/2010 at the average price of 19.02, the price of the stock has decreased by 3.36% since. EVP & CFO David I Goulden sold 144,085 shares of EMC stock in March and June. EVP & General Counsel Paul T Dacier, Pres & COO II & Cloud Services Howard D Elias, EVP, Gbl Mktg & Cust. Quality Frank Hauck, Pres. Info Intelligence Group Mark S Lewis, and EVP & President, RSA Arthur W Jr Coviello together sold 303,719 shares of EMC stock in June.

DG FastChannel Inc. (DGIT, Financial): CEO, 10% Owner Scott K Ginsburg sold 400,000 Shares

CEO, 10% Owner of DG FastChannel Inc. (DGIT) Scott K Ginsburg sold 400,000 shares on 06/01/2010 at an average price of $42.85. DG FastChannel provides innovative, technology-based solutions to help advertisers and agencies. Dg Fastchannel Inc. has a market cap of $987.2 million; its shares were traded at around $40 with a P/E ratio of 27.9 and P/S ratio of 5.2. Dg Fastchannel Inc. had an annual average earning growth of 0.8% over the past 10 years.

On May 5, 2010, DG FastChannel®, Inc. reported first quarter financial results. Consolidated revenue for the first quarter 2010 increased 31% to $54.2 million compared to $41.4 million in the same period of 2009. First quarter Adjusted EBITDA increased 71% to $24.1 million compared to $14.1 million for the same period of 2009.

CEO, 10% Owner Scott K Ginsburg sold 1,117,986 shares of DGIT stock in December, February, May, and June. CFO Omar A Choucair sold 23,666 shares of DGIT stock in February and June. Director Kevin C Howe sold 22,500 shares of DGIT stock in February and June. Director Anthony J Levecchio sold 5,000 shares of DGIT stock on 03/12/2010 at the average price of 32.38, the price of the stock has increased by 23.53% since. Director William Donner sold 3,745 shares of DGIT stock in March and May.

Lattice Semiconductor Corp. (LSCC, Financial): President & CEO Bruno Guilmart sold 382,133 Shares

President & CEO of Lattice Semiconductor Corp. (LSCC) Bruno Guilmart sold 382,133 shares on 06/03/2010 at an average price of $5. Lattice Semiconductor Corporation designs, develops and markets programmable logic devices and related development system software. Lattice Semiconductor Corp. has a market cap of $531.9 million; its shares were traded at around $4.5975 with a P/E ratio of 38.3 and P/S ratio of 2.8.

On Apr 22, Lattice Semiconductor announced the financial results for the first quarter ended April 3rd. Revenue was $70.4 million, an increase of 28% compared to 4Q09 and up 63% compared to 1Q09. Net income was of $0.10 per share, compared to net income of $0.05 per share in 4Q09 and a net loss of $0.05 per share in 1Q09.

President & CEO Bruno Guilmart sold 382,133 shares of LSCC stock on 06/03/2010 at the average price of 5, the price of the stock has decreased by 8.05% since. CFO Michael G Potter sold 6,250 shares of LSCC stock on 04/27/2010 at the average price of 5.7, the price of the stock has decreased by 19.34% since. Corp VP and General Counsel Byron Wayne Milstead sold 132,931 shares of LSCC stock in April and May.

TASER International Inc. (TASR, Financial): CEO Patrick W Smith sold 300,000 Shares

CEO of TASER International Inc. (TASR) Patrick W Smith sold 300,000 shares on 05/28/2010 at an average price of $4.34. Taser International, Inc. develops, assembles and markets less-lethal, conducted energy weapons primarily for use in the law enforcement and corrections market. Taser International Inc. has a market cap of $267.3 million; its shares were traded at around $4.28 with and P/S ratio of 2.6.

CEO Patrick W Smith sold 300,000 shares of TASR stock on 05/28/2010 at the average price of 4.34, the price of the stock has decreased by 1.38% since. Director Bruce R Culver bought 7,384 shares of TASR stock on 03/16/2010 at the average price of 6.83, the price of the stock has decreased by 37.34% since. President Thomas P Smith sold 300,000 shares of TASR stock on 02/23/2010 at the average price of 7.19, the price of the stock has decreased by 40.47% since.

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