Weekly CEO Sells Highlight: Microsemi Corp, United Natural Foods Inc, Hershey Foods Corp, Marchex Inc.

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Oct 01, 2011
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Microsemi Corp, United Natural Foods Inc, Hershey Foods Corp, Marchex Inc.

Microsemi Corp. (MSCC, Financial): President, CEO & Director James J Peterson sold 132,667 Shares

President, CEO & Director of Microsemi Corp. (MSCC) James J Peterson sold 132,667 shares on 09/29/2011 at an average price of $17.16. 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. reported their 2011 third quarter results. They reported that their revenues were $216.7 million and their non-GAAP net income was $42.0 million or $0.49 per diluted share.

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. EVP & Chief Strategy Officer Steven G Litchfield, Executive VP Worldwide Mktg Russell R. Garcia and Senior VP of Human Resources John M Holtrust sold 72,000 shares of MSCC stock in September. Executive Vice President & COO Ralph Brandi sold 43,050 shares of MSCC stock in September.

United Natural Foods Inc. (UNFI, Financial): President and CEO Steven Spinner sold 55,156 Shares

President and CEO of United Natural Foods Inc. (UNFI) Steven Spinner sold 55,156 shares on 09/22/2011 at an average price of $37.38. United Natural Foods is the independent national distributor of natural foods and related products in the United States. United Natural Foods Inc. has a market cap of $1.8 billion; its shares were traded at around $37.04 with a P/E ratio of 22 and P/S ratio of 0.4. United Natural Foods Inc. had an annual average earnings growth of 11.4% over the past 10 years. GuruFocus rated United Natural Foods Inc. the business predictability rank of 3.5-star.

On June 2, 2011, United Foods Inc. reported their third quarter results. The company reported net income of $23.4 million and revenues of $1.20 billion.

President and CEO Steven Spinner sold 65,256 shares of UNFI stock in April and September. Western Region President Kurt Luttecke and CHRSO Thomas A Dziki sold 12,731 shares of UNFI stock in September and April. Divisional President Thomas John Grillea sold 4,626 shares of UNFI stock in June and September.

Hershey Foods Corp. (HSY, Financial): President and CEO John P Bilbrey sold 53,000 Shares

President and CEO of Hershey Foods Corp. (HSY) John P Bilbrey sold 53,000 shares on 09/26/2011 at an average price of $60. The Hershey Company is a snack food company and the largest North American manufacturer of quality chocolate and non-chocolate confectionery products. Hershey Foods Corp. has a market cap of $13.47 billion; its shares were traded at around $59.24 with a P/E ratio of 22.1 and P/S ratio of 2.4. The dividend yield of Hershey Foods Corp. stocks is 2.3%. Hershey Foods Corp. had an annual average earnings growth of 5.1% over the past 10 years.

Hershey Foods Corp. reported their 2011 second quarter results. The Company reported that their consolidated net sales were $1.325 billion and net income was $130.019 million or $0.56 per share-diluted.

President and CEO John P Bilbrey sold 53,000 shares of HSY stock on 09/26/2011 at the average price of 60. SVP CFO Humberto P Alfonso sold 15,631 shares of HSY stock on 04/28/2011 at the average price of 57.41. VP CAO David W Tacka and SVP, Global R&D C Daniel Azzara sold 15,176 shares of HSY stock in August and September. SVP Chief Growth Officer Michele Buck sold 27,510 shares of HSY stock in August and September.

Marchex Inc. (MCHX, Financial): CEO, 10% Owner Russell C Horowitz sold 45,000 Shares

CEO, 10% Owner of Marchex Inc. (MCHX) Russell C Horowitz sold 45,000 shares on 09/27/2011 at an average price of $9.54. Marchex Inc provides technology-based services to merchants engaged in online transactions. Marchex Inc. has a market cap of $313.7 million; its shares were traded at around $8.5 with and P/S ratio of 3.2. The dividend yield of Marchex Inc. stocks is 0.8%.

Marchex Inc. reported their 2011 second quarter results. The Company reported revenues of $38.8 million and GAAP net income applicable to common stockholders was $80,000.

CEO, 10% Owner Russell C Horowitz sold 405,000 shares of MCHX stock from May to September. CFO Michael A Arends sold 25,500 shares of MCHX stock on 05/27/2011 at the average price of 7.64. Executive Vice Chairman John Keister sold 50,000 shares of MCHX stock in July, August and September.

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