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Insider Buying

    Insider Weekends – June 24, 2016

    Welcome to edition 314 of Insider Weekends. Insider buying increased last week with insiders buying $124.52 million of stock compared to $81.74 million in the week prior. Selling decreased with insiders selling $462.5 million of stock last week compared to $1.15 billion in the week prior.

    Nearly 80% of the insider buying last week was related to the 10% owner and Singapore based investment company Shanda Group increasing their stake in Lending Club (LC) after the big drop in the company’s shares in April that eventually led to the CEO resigning.

    Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week dropped to 3.71. In other words, insiders sold  almost 4 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 14.06. We are calculating an adjusted ratio by removing transactions by funds and companies and trying as best as possible only to retain information about insiders and 10% owners who are not funds or companies.

    Insider Sell Buy Ratio June 24, 2016

    Insider Sell Buy Ratio June 24, 2016

    Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.

    Notable Insider Buys:

    1. Applied Optoelectronics, Inc. (AAOI): $9.82

    Director Alan D. Moore acquired 105,000 shares of this fiber-optic networking products provider, paying $10.08 per share for a total amount of $1.06 million. Mr. Moore increased his stake by 89.33% to 222,542 shares with this purchase.

    You can view the list of recent insider transactions for Applied Optoelectronics, Inc. here.

    P/E: 16.53 Forward P/E: 8.69 Industry P/E: 27.01
    P/S: 0.85 Price/Book: 1.08 EV/EBITDA: 8.9
    Market Cap: $167.70M Avg. Daily Volume: 499,444 52 Week Range: $8.08 – $22.79

    2. TICC Capital Corp. (TICC): $5.18

    Shares of this business development company were acquired by 3 insiders:

    • President and COO Saul B. Rosenthal acquired 68,800 shares, paying $5.45 per share for a total amount of $374,649. Mr. Rosenthal increased his stake by 9.00% to 833,651 shares with this purchase.
    • Chief Executive Officer Jonathan H. Cohen acquired 68,800 shares, paying $5.45 per share for a total amount of $374,649. Mr. Cohen increased his stake by 7.11% to 1,036,514 shares with this purchase.
    • Director Charles M. Royce acquired 34,400 shares, paying $5.45 per share for a total amount of $187,325. Mr. Royce increased his stake by 7.74% to 478,614 shares with this purchase.

    You can view the list of recent insider transactions for TICC Capital Corp. here.

    P/E: N/A Forward P/E: 11.02 Industry P/E: N/A
    P/S: 3.34 Price/Book: 0.89 EV/EBITDA: N/A
    Market Cap: $266.66M Avg. Daily Volume: 282,848 52 Week Range: $4.16 – $7.1

    3. Pure Storage, Inc. (PSTG): $10.15

    10% Owner James N. White acquired 66,000 shares of this enterprise data storage platform provider, paying $10.12 per share for a total amount of $667,920. 16,000 of these shares were purchased indirectly by Mr. White’s children and 50,000 shares were purchased indirectly by a limited partnership.

    We normally tend to avoid highlighting purchases by 10% owners but decided to make an exception in this case. Mr. White is a Managing Director at the Venture Capital firm Sutter Hill Ventures and Sutter Hill was an investor in Pure Storage through its Series A through F rounds of investments before it became a public company. These purchases stood out because some of these purchases were made by Mr. White for his children or were acquired directly by his children.

    You can view the list of recent insider transactions for Pure Storage, Inc. here.

    P/E: N/A Forward P/E: N/A Industry P/E: N/A
    P/S: 4.18 Price/Book: 3.9 EV/EBITDA: -7.64
    Market Cap: $1.97B Avg. Daily Volume: 1,661,640 52 Week Range: $9.62 – $20.6

    4. Minerva Neurosciences, Inc. (NERV): $10.23

    Director David Kupfer acquired 55,635 shares of this biotech company, paying $10.84 per share for a total amount of $603,001. Mr. Kupfer increased his stake by 36.23% to 209,188 shares with this purchase. 27,935 of these shares were purchased indirectly by Mr. Kupfer’s wife.

    You can view the list of recent insider transactions for Minerva Neurosciences, Inc. here.

    P/E: N/A Forward P/E: N/A Industry P/E: 26.17
    P/S: N/A Price/Book: 4.53 EV/EBITDA: -8.98
    Market Cap: $339.69M Avg. Daily Volume: 1,156,850 52 Week Range: $3.45 – $15.84

    5. Biglari Holdings Inc. (BH): $425.69

    Director Sardar Biglari, acquired 1,359 shares of this restaurant holding company, paying $397.65 per share for a total amount of $540,401. These shares were purchased indirectly by The Lion Fund.

    You can view the list of recent insider transactions for Biglari Holdings Inc. here.

    P/E: 23.55 Forward P/E: 33.65 Industry P/E: 22.92
    P/S: 1 Price/Book: 1.76 EV/EBITDA: 20.04
    Market Cap: $879.84M Avg. Daily Volume: 5,663 52 Week Range: $321 – $459.43

    You can view the full list of purchases from this Insider Buying page.

    Notable Insider Sales:

    1. Fidelity National Financial, Inc. (FNF): $34.67

    Shares of this insurance company were sold by 3 insiders:

    • Director William P. Foley II sold 862,775 shares for $34.81, generating $30.03 million from the sale.
    • Chief Operating Officer Roger S. Jewkes sold 57,459 shares for $35.33, generating $2.03 million from the sale. 38,282 of these shares were sold as a result of exercising options immediately prior to the sale.
    • Chief Executive Officer Raymond R. Quirk sold 37,613 shares for $34.75, generating $1.31 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.

    You can view the list of recent insider transactions for Fidelity National Financial, Inc. here.

    P/E: 18.69 Forward P/E: 13.18 Industry P/E: 13.54
    P/S: 1.07 Price/Book: 1.71 EV/EBITDA: 8.45
    Market Cap: $9.50B Avg. Daily Volume: 1,208,830 52 Week Range: $28.24 – $40.25

    2. Facebook, Inc. (FB): $112.08

    Shares of Facebook were sold by 2 insiders:

    • Chief Operating Officer Sheryl Sandberg sold 109,000 shares for $114.19, generating $12.45 million from the sale. 52,404 of these shares were sold as a result of exercising options immediately prior to the sale.
    • Director Jan Koum sold 19,534 shares for $115.01, generating $2.25 million from the sale. These shares were sold indirectly through a trust.

    You can view the list of recent insider transactions for Facebook, Inc. here.

    P/E: 68.55 Forward P/E: 24.31 Industry P/E: 27.47
    P/S: 16.65 Price/Book: 6.96 EV/EBITDA: 31.79
    Market Cap: $320.58B Avg. Daily Volume: 25,794,200 52 Week Range: $72 – $121.08

    3. Celgene Corporation (CELG): $96.29

    Executive Chairman Robert J. Hugin sold 75,000 shares of this biotech company for $100.16, generating $7.5 million from the sale.

    You can view the list of recent insider transactions for Celgene Corporation here.

    P/E: 46.83 Forward P/E: 13.76 Industry P/E: 26.17
    P/S: 8.05 Price/Book: 15.37 EV/EBITDA: 25.68
    Market Cap: $74.59B Avg. Daily Volume: 4,368,440 52 Week Range: $92.98 – $140.72

    4. DexCom, Inc. (DXCM): $77.46

    Shares of this medical devices company were sold by 3 insiders:

    • EVP, Clinical, Regulatory Andrew K. Balo sold 55,000 shares for $75.00, generating $4.13 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
    • President & CEO Kevin R. Sayer sold 35,000 shares for $75.00, generating $2.63 million from the sale.
    • SVP, Operations Jeffrey Moy sold 7,209 shares for $77.00, generating $555,093 from the sale. These shares were sold indirectly through a trust.

    You can view the list of recent insider transactions for DexCom, Inc. here.

    P/E: N/A Forward P/E: 242.06 Industry P/E: 26.87
    P/S: 14.53 Price/Book: 27.99 EV/EBITDA: -122.5
    Market Cap: $6.46B Avg. Daily Volume: 894,989 52 Week Range: $47.92 – $103.29

    5. Black Knight Financial Services, Inc. (BKFS): $34.84

    Shares of this business software & services company were sold by 2 insiders:

    • Chairman William P. Foley II sold 139,722 shares for $34.24, generating $4.78 million from the sale.
    • Chief Operating Officer Anthony Orefice sold 42,125 shares for $35.00, generating $1.47 million from the sale.

    You can view the list of recent insider transactions for Black Knight Financial Services, Inc. here.

    P/E: 71.54 Forward P/E: 27.43 Industry P/E: 23.98
    P/S: 2.44 Price/Book: 2.78 EV/EBITDA: 11.65
    Market Cap: $2.41B Avg. Daily Volume: 157,845 52 Week Range: $25.24 – $38.85

    You can view the full list of sales from this Insider Sales page.

    Disclaimer Clients of Signal Partners, LLC  and I may have positions in any of these stocks at any time. Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.

    Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria or follow me on Twitter @asifsuria

    Insider Weekends – June 17, 2016

    Welcome to edition 313 of Insider Weekends. Insider buying declined last week with insiders buying $81.74 million of stock compared to $136.88 million in the week prior. Selling also decreased with insiders selling $1.15 billion of stock last week compared to $1.28 billion in the week prior.

    One of the insider purchases that has not been making our list for the last two weeks because it is a purchase by a 10% owner was the purchase of Land’s End (LE) by Eddie Lampert. For those of you who have been following the train wreck called Sears Holdings (SHLD), you would recollect that Land’s End was one of several companies spun out of Sears over the last few years. If you haven’t followed the Sears saga, Business Insider covers it in great detail in an article published last week called Sears’ obsession with Wall Street is killing the retailer for good.

    Some deep value investors including Bruce Berkowitz of Fairholme Capital Management believe there is a lot of value in Sears as you can see from Fairholme’s purchases of Sears but the vast majority of investors have lost confidence in Mr. Lampert’s ability to turn around the company. It is interesting that Mr. Lampert continues to buy shares of both Land’s End (LE) and Sears Hometown & Outlet Stores (SHOS) after their spin-offs from Sears. It is possible that Mr. Berkowitz is doing the same but doesn’t have to report those additional purchases because Fairholme is not a 10% owner in those companies. The possibility that this trio of companies represent bargains with tremendous potential certainly exists but thus far it has been challenging for investors who are not as close to the companies as Mr. Lampert to see that potential.

    Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week went up to 14.06. In other words, insiders sold more than 14 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 9.35. We are calculating an adjusted ratio by removing transactions by funds and companies and trying as best as possible only to retain information about insiders and 10% owners who are not funds or companies.

    Insider Sell Buy Ratio June 17, 2016

    Insider Sell Buy Ratio June 17, 2016

    Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.

    Notable Insider Buys:

    1. Valeant Pharmaceuticals International, Inc. (VRX): $22.04

    Chairman & CEO Joseph C. Papa acquired 202,000 shares of this Canadian pharmaceutical company, paying $24.48 per share for a total amount of $4.94 million. Mr. Papa increased his stake by 9.02% to 2,442,199 shares with this purchase.

    Speaking of train wrecks, there hasn’t been a greater one on Wall Street this year than Valeant, which has seen its stock drop nearly 80% since the start of the year and wiping out $27 billion in shareholder value in the process. With its business model in jeopardy and a leveraged balance sheet lumbering under $30.67 billion on net debt, this is an incredibly complex situation. Whether this purchase by the new CEO is because he sees values in the company or because he is signaling the market remains to be seen.

    You can view the list of recent insider transactions for Valeant Pharmaceuticals International, Inc. here.

    P/E: N/A Forward P/E: 2.79 Industry P/E: N/A
    P/S: 0.72 Price/Book: 1.36 EV/EBITDA: 7.73
    Market Cap: $7.56B Avg. Daily Volume: 35,197,200 52 Week Range: $21.95 – $263.81

    2. The Brink’s Company (BCO): $29

    Shares of this security & protection services provider were acquired by 2 insiders:

    • President and CEO Douglas A. Pertz acquired 83,696 shares, paying $29.87 per share for a total amount of $2.5 million. Mr. Pertz increased his stake by 5072.48% to 85,346 shares with this purchase. These shares were purchased through a private, negotiated transaction between the Issuer and the reporting person.
    • Director George I. Stoeckert acquired 7,300 shares, paying $29.19 per share for a total amount of $213,107.

    You can view the list of recent insider transactions for The Brink’s Company here.

    P/E: N/A Forward P/E: 13.43 Industry P/E: 26.69
    P/S: 0.48 Price/Book: 4.28 EV/EBITDA: 7.73
    Market Cap: $1.43B Avg. Daily Volume: 279,483 52 Week Range: $25.8 – $35.35

    3. Advanced Drainage Systems, Inc. (WMS): $26.26

    Chairman, President & CEO Joseph A. Chlapaty acquired 100,500 shares of this thermoplastic corrugated pipes company, paying $26.51 per share for a total amount of $2.66 million. These shares were purchased indirectly through a trust.

    You can view the list of recent insider transactions for Advanced Drainage Systems, Inc. here.

    P/E: 87.53 Forward P/E: N/A Industry P/E: 15.13
    P/S: 1.11 Price/Book: 6.76 EV/EBITDA: 11.91
    Market Cap: $1.43B Avg. Daily Volume: 478,452 52 Week Range: $17.72 – $33.18

    4. JMP Group LLC (JMP): $5.56

    CEO Joseph A. Jolson acquired 489,221 shares of this financial services firm, paying $5.33 per share for a total amount of $2.61 million. These shares were purchased indirectly through a trust.

    You can view the list of recent insider transactions for JMP Group LLC here.

    P/E: 34.53 Forward P/E: 8.69 Industry P/E: 21.75
    P/S: 0.85 Price/Book: 0.97 EV/EBITDA: N/A
    Market Cap: $117.50M Avg. Daily Volume: 45,445 52 Week Range: $4.95 – $8.18

    5. Connecture, Inc. (CNXR): $2.43

    Shares of this health insurance distributor were acquired by 7 insiders:

    • Director Ezra Perlman acquired 1,550,286 shares, paying $1.27 per share for a total amount of $1.98 million. These shares were purchased indirectly by Francisco Partners.
    • Chief Executive Officer Jeff Surges acquired 75,000 shares, paying $1.69 per share for a total amount of $126,456. Mr. Surges increased his stake by 12.93% to 655,000 shares with this purchase.
    • Director David A. Jones acquired 57,696 shares, paying $1.64 per share for a total amount of $94,452. These shares were purchased indirectly through a trust.
    • Director A. John Ansay acquired 25,000 shares, paying $1.58 per share for a total amount of $39,500. Mr. Ansay increased his stake by 175.44% to 39,250 shares with this purchase.
    • Director Vickie L. Capps acquired 15,000 shares, paying $1.61 per share for a total amount of $24,150. Ms. Capps increased his stake by 105.26% to 29,250 shares with this purchase.
    • CFO & Secretary James P. Purko acquired 7,500 shares, paying $1.78 per share for a total amount of $13,350. Mr. Purko increased his stake by 60.00% to 20,000 shares with this purchase.
    • Executive VP, Strategy & Corporate Development David A. Sockel acquired 4,635 shares, paying $1.54 per share for a total amount of $7,138. Mr. Sockel increased his stake by 45.79% to 14,758 shares with this purchase.

    You can view the list of recent insider transactions for Connecture, Inc. here.

    P/E: N/A Forward P/E: 15.19 Industry P/E: N/A
    P/S: 0.56 Price/Book: N/A EV/EBITDA: 29.72
    Market Cap: $53.93M Avg. Daily Volume: 181,011 52 Week Range: $1.15 – $11.99

    You can view the full list of purchases from this Insider Buying page.

    Notable Insider Sales:

    1. Facebook, Inc. (FB): $113.02

    Shares of Facebook were sold by 4 insiders:

    • Director Jan Koum sold 1,701,902 shares for $114.48, generating $194.83 million from the sale. These shares were sold indirectly through a trust.
    • VP Marketing & Business Partnerships David B. Fischer sold 23,625 shares for $114.59, generating $2.71 million from the sale.
    • Chief Technology Officer Michael Todd Schroepfer sold 20,000 shares for $114.07, generating $2.28 million from the sale.
    • Chief Product Officer Christopher K. Cox sold 15,600 shares for $115.00, generating $1.79 million from the sale.

    You can view the list of recent insider transactions for Facebook, Inc. here.

    P/E: 69.13 Forward P/E: 24.52 Industry P/E: 28.41
    P/S: 16.55 Price/Book: 6.91 EV/EBITDA: 32.08
    Market Cap: $323.27B Avg. Daily Volume: 25,776,700 52 Week Range: $72 – $121.08

    2. Workday, Inc. (WDAY): $78.6

    Shares of this application software company were sold by 5 insiders:

    • Chairman David A. Duffield sold 346,500 shares for $79.87, generating $27.68 million from the sale. These shares were sold indirectly by the Dave & Cheryl Duffield Foundation.
    • Co-President Philip W. Wilmington sold 36,818 shares for $79.85, generating $2.94 million from the sale.
    • Co-President Mark S. Peek sold 17,158 shares for $80.71, generating $1.38 million from the sale.
    • Director George J. Still Jr. sold 10,000 shares for $79.06, generating $790,572 from the sale. These shares were sold indirectly through a trust.
    • Director Michael M. McNamara sold 3,400 shares for $80.39, generating $273,326 from the sale. These shares were sold indirectly through Flextronics International USA, Inc. 2005 Senior Executive Deferred Compensation Plan.

    You can view the list of recent insider transactions for Workday, Inc. here.

    P/E: N/A Forward P/E: 262 Industry P/E: 44.97
    P/S: 12.43 Price/Book: 13.85 EV/EBITDA: -71.59
    Market Cap: $15.48B Avg. Daily Volume: 1,670,840 52 Week Range: $47.32 – $85.67

    3. Zayo Group Holdings, Inc. (ZAYO): $26.97

    Shares of this bandwidth infrastructure solutions provider were sold by 2 insiders:

    • President & COO Christopher Morley sold 200,000 shares for $27.30, generating $5.46 million from the sale. 382 of these shares were sold indirectly by Mango Holdings LLC.
    • Director Richard W. Connor sold 15,000 shares for $27.05, generating $405,750 from the sale.

    You can view the list of recent insider transactions for Zayo Group Holdings, Inc. here.

    P/E: N/A Forward P/E: 122.59 Industry P/E: N/A
    P/S: 4.16 Price/Book: 5.35 EV/EBITDA: 14.43
    Market Cap: $6.53B Avg. Daily Volume: 1,475,940 52 Week Range: $19.59 – $29.62

    4. Juno Therapeutics Inc. (JUNO): $42.4

    Shares of this biotech company were sold by 2 insiders:

    • CEO & President Hans Edgar Bishop sold 90,750 shares for $46.42, generating $4.21 million from the sale. 54,000 of these shares were sold as a result of exercising options immediately prior to the sale.
    • CFO & Head, Corp. Development Steve Harr sold 30,000 shares for $43.32, generating $1.29 million from the sale.

    You can view the list of recent insider transactions for Juno Therapeutics Inc. here.

    P/E: N/A Forward P/E: N/A Industry P/E: N/A
    P/S: 155.2 Price/Book: 3.58 EV/EBITDA: -13.92
    Market Cap: $4.47B Avg. Daily Volume: 1,061,730 52 Week Range: $22.37 – $59.6

    5. Douglas Emmett Inc (DEI): $34

    Chairman of the Board Dan A. Emmett sold 140,000 shares of this apartment REIT for $33.85, generating $4.74 million from the sale. These shares were sold indirectly through a trust.

    You can view the list of recent insider transactions for Douglas Emmett Inc here.

    P/E: 93.66 Forward P/E: 18.09 Industry P/E: 19.3
    P/S: 7.63 Price/Book: 2.64 EV/EBITDA: 23.86
    Market Cap: $5.03B Avg. Daily Volume: 1,038,070 52 Week Range: $24.73 – $34.7

    You can view the full list of sales from this Insider Sales page.

    Disclaimer Clients of Signal Partners, LLC  and I may have positions in any of these stocks at any time. Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.

    Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria or follow me on Twitter @asifsuria

    Insider Weekends – June 10, 2016

    Welcome to edition 312 of Insider Weekends. Insider buying declined last week with insiders buying $136.88 million of stock compared to $150.44 million in the week prior. Selling increased with insiders selling $1.28 billion of stock last week compared to $1.15 billion in the week prior.

    Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week went up to 9.35. In other words, insiders sold more than 9 times as much stock as they purchased. The Sell/Buy ratio this week compares unfavorably with the prior week, when the ratio stood at 7.67. We are calculating an adjusted ratio by removing transactions by funds and companies and trying as best as possible only to retain information about insiders and 10% owners who are not funds or companies.

    Insider Sell Buy Ratio June 10, 2016

    Insider Sell Buy Ratio June 10, 2016

    Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.

    Notable Insider Buys:

    1. Advance Auto Parts Inc. (AAP): $153.02

    Shares of this auto parts retailer were acquired by 2 insiders:

    • Director Jeffrey C. Smith acquired 397,624 shares, paying $154.84 per share for a total amount of $61.57 million. These shares were purchased indirectly through various Starboard Value funds.
    • CEO Thomas Greco acquired 6,700 shares, paying $150.82 per share for a total amount of $1.01 million. Mr. Greco increased his stake by 22.94% to 35,904 shares with this purchase.

    If you haven’t followed the activism of Jeff Smith, this 2014 profile of him in Fortune aptly titled Starboard Value’s Jeff Smith: The investor CEOs fear most makes for an interesting read.

    Trading at 10 times EBITDA and nearly 30 times FCF, this auto parts retailer with over 5,100 stores and declining sales isn’t exactly a deep value company. The stock is off nearly 24% from its 52 week high set back in November and it hasn’t participated in the recent market rally.

    However if you look beyond the immediate past and consider the record sales most auto manufacturers have been reporting, it stands to reason that this indicates strong tailwinds for auto parts companies, especially the ones that provide aftermarket parts like Advance Auto Parts does.

    You can view the list of recent insider transactions for Advance Auto Parts Inc. here.

    P/E: 23.39 Forward P/E: 17.37 Industry P/E: 23.04
    P/S: 1.19 Price/Book: 4.38 EV/EBITDA: 10
    Market Cap: $11.26B Avg. Daily Volume: 968,002 52 Week Range: $131.59 – $201.24

    2. Public Storage (PSA): $241.79

    Director B. Wayne Hughes acquired 22,100 shares of this equity real estate investment trust, paying $252.42 per share for a total amount of $5.58 million. These shares were purchased indirectly through a trust.

    You can view the list of recent insider transactions for Public Storage here.

    P/E: 38.82 Forward P/E: 22.77 Industry P/E: 38.54
    P/S: 17.05 Price/Book: 8.38 EV/EBITDA: 25.62
    Market Cap: $41.92B Avg. Daily Volume: 776,434 52 Week Range: $182.08 – $277.6

    3. The Medicines Company (MDCO): $37.26

    EVP & Chief Corporate Development Officer Christopher T. Cox acquired 99,325 shares of this pharmaceutical company, paying $37.71 per share for a total amount of $3.75 million. 65,655 of these shares were purchased indirectly by Mr. Cox’s immediate family members.

    You can view the list of recent insider transactions for The Medicines Company here.

    P/E: N/A Forward P/E: N/A Industry P/E: 27.01
    P/S: 10.69 Price/Book: 4.13 EV/EBITDA: -9.46
    Market Cap: $2.59B Avg. Daily Volume: 952,302 52 Week Range: $25.38 – $43.79

    4. Cheniere Energy, Inc. (LNG): $34.22

    CEO and President Jack A. Fusco acquired 44,762 shares of this liquefied natural gas company, paying $33.51 per share for a total amount of $1.49 million. Mr. Fusco increased his stake by 20.92% to 258,762 shares with this purchase. 22,381 of these shares were acquired indirectly by Fusco Energy Investments.

    You can view the list of recent insider transactions for Cheniere Energy, Inc. here.

    P/E: N/A Forward P/E: 97.77 Industry P/E: 29.39
    P/S: 31.05 Price/Book: N/A EV/EBITDA: -96.34
    Market Cap: $8.06B Avg. Daily Volume: 2,406,360 52 Week Range: $22.8 – $74.48

    5. Pinnacle Entertainment, Inc (PNK): $11.7

    Shares of this casino operator were acquired by 2 insiders:

    • Chief Executive Officer Anthony Michael Sanfilippo acquired 81,000 shares, paying $10.92 per share for a total amount of $884,426. Mr. Sanfilippo increased his stake by 15.42% to 606,293 shares with this purchase. 12,000 of these shares were purchased indirectly through a trust and 3,500 of these shares were purchased indirectly by Mr. Sanfilippo’s daughter.
    • President and CFO Carlos Ruisanchez acquired 30,000 shares, paying $11.07 per share for a total amount of $332,000. These shares were purchased indirectly through a trust.

    You can view the list of recent insider transactions for Pinnacle Entertainment, Inc here.

    P/E: N/A Forward P/E: N/A Industry P/E: 23.87
    P/S: N/A Price/Book: N/A EV/EBITDA: N/A
    Market Cap: $N/A Avg. Daily Volume: N/A 52 Week Range: $9.72 – $11.9

    You can view the full list of purchases from this Insider Buying page.

    Notable Insider Sales:

    1. Bruker Corporation (BRKR): $24.8

    Director Joerg C. Laukien sold 2,000,000 shares of this scientific instruments company for $25.65, generating $51.3 million from the sale.

    You can view the list of recent insider transactions for Bruker Corporation here.

    P/E: 35.38 Forward P/E: 21.38 Industry P/E: 30.77
    P/S: 2.53 Price/Book: 5.92 EV/EBITDA: 16.35
    Market Cap: $4.04B Avg. Daily Volume: 1,128,410 52 Week Range: $15.78 – $29.85

    2. ServiceNow, Inc. (NOW): $74.03

    Shares of this software-as-a-service provider were sold by 2 insiders:

    • Chief Product Officer Frederic B. Luddy sold 195,000 shares for $76.01, generating $14.82 million from the sale. These shares were sold indirectly through a trust.
    • Chief Revenue Officer David Schneider sold 12,500 shares for $74.35, generating $929,379 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.

    You can view the list of recent insider transactions for ServiceNow, Inc. here.

    P/E: N/A Forward P/E: 71.87 Industry P/E: 22.51
    P/S: 11.19 Price/Book: 40.69 EV/EBITDA: -113.76
    Market Cap: $12.06B Avg. Daily Volume: 1,824,930 52 Week Range: $46 – $91.28

    3. Gentex Corp. (GNTX): $15.98

    Chairman of the Board & CEO Fred Bauer sold 351,700 shares of this auto and aerospace parts company for $16.45, generating $5.79 million from the sale.

    You can view the list of recent insider transactions for Gentex Corp. here.

    P/E: 14.53 Forward P/E: 12.48 Industry P/E: 15.57
    P/S: 2.98 Price/Book: 2.69 EV/EBITDA: 7.57
    Market Cap: $4.62B Avg. Daily Volume: 2,034,210 52 Week Range: $12.93 – $17.4

    4. Cimpress N.V. (CMPR): $93.28

    CEO, President Robert S. Keane sold 87,354 shares of this business services company (operator of Vistaprint) for $100.11, generating $8.75 million from the sale. These shares were sold indirectly through various trusts and entities.

    You can view the list of recent insider transactions for Cimpress N.V. here.

    P/E: 98.19 Forward P/E: 19.47 Industry P/E: 22.28
    P/S: 1.77 Price/Book: 19.79 EV/EBITDA: 15.81
    Market Cap: $2.94B Avg. Daily Volume: 207,097 52 Week Range: $63.15 – $101.77

    5. Palo Alto Networks, Inc. (PANW): $131.26

    President & CEO Mark D. McLaughlin sold 61,423 shares of this network security company for $138.43, generating $8.5 million from the sale. 35,000 of these shares were sold as a result of exercising options immediately prior to the sale.

    You can view the list of recent insider transactions for Palo Alto Networks, Inc. here.

    P/E: N/A Forward P/E: 49.91 Industry P/E: 20
    P/S: 9.58 Price/Book: 18.33 EV/EBITDA: -79.86
    Market Cap: $11.76B Avg. Daily Volume: 1,853,620 52 Week Range: $111.09 – $200.55

    You can view the full list of sales from this Insider Sales page.

    Disclaimer Clients of Signal Partners, LLC  and I may have positions in any of these stocks at any time. Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.

    Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria or follow me on Twitter @asifsuria

    Insider Weekends – June 3, 2016

    Welcome to edition 311 of Insider Weekends. Insider buying increased last week with insiders buying $150.44 million of stock compared to $88.99 million in the week prior. Selling dropped nearly in half with insiders selling $1.15 billion of stock last week compared to $2.28 billion in the week prior.

    Even as the S&P 500 flirts with its all time high and several widely followed market commentators are bearish about the market, insiders continued buying in May at a pace that exceeded what we have seen in May over the last three years. It was also interesting to see that there were several repeat purchases. Two out of the top 5 purchases this week (FDC and TICC) also made the top 5 list last week and insiders of the business development company TICC made the list for the third week in a row.

    There were several interesting purchases this week that did not make the list of top 5 purchases including a $1.11 million purchase by the CEO of helicopter transportation company PHI Inc (PHII), a $1 million purchase by the CEO of data storage solutions provider Western Digital (WDC), purchases by two insiders of the car rental company Hertz (HTZ) and a purchase by the SVP of Finance of the mattress manufacturer Tempur Sealy International (TPX).

    Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week dropped to 7.67. In other words, insiders sold almost 8 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 25.62. We are calculating an adjusted ratio by removing transactions by funds and companies and trying as best as possible only to retain information about insiders and 10% owners who are not funds or companies.

    Insider Sell Buy Ratio June 3, 2016

    Insider Sell Buy Ratio June 3, 2016

    Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.

    Notable Insider Buys:

    1. Endurance Specialty Holdings Ltd. (ENH): $68.77

    Chairman & Chief Executive Officer John Charman acquired 290,000 shares of this insurance company, paying $68.17 per share for a total amount of $19.77 million.

    You can view the list of recent insider transactions for Endurance Specialty Holdings Ltd. here.

    P/E: 12.98 Forward P/E: 10.55 Industry P/E: 12.79
    P/S: 2.09 Price/Book: 0.93 EV/EBITDA: 3.6
    Market Cap: $4.63B Avg. Daily Volume: 290,772 52 Week Range: $57.97 – $70.5

    2. OvaScience, Inc. (OVAS): $6.98

    Chief Executive Officer Michelle Dipp acquired 425,000 shares of this biotech company, paying $7.00 per share for a total amount of $2.98 million. These shares were purchased indirectly by Longwood Fund III LP.

    You can view the list of recent insider transactions for OvaScience, Inc. here.

    P/E: N/A Forward P/E: N/A Industry P/E: N/A
    P/S: 494.32 Price/Book: 1.85 EV/EBITDA: -1.08
    Market Cap: $240.52M Avg. Daily Volume: 550,183 52 Week Range: $4.53 – $39.29

    3. TICC Capital Corp. (TICC): $5.66

    Shares of this business development company were acquired by 3 insiders:

    • President and COO Saul B. Rosenthal acquired 249,720 shares, paying $5.64 per share for a total amount of $1.41 million. Mr. Rosenthal increased his stake by 64.72% to 635,595 shares with this purchase.
    • Chief Executive Officer Jonathan H. Cohen acquired 249,640 shares, paying $5.64 per share for a total amount of $1.41 million. Mr. Cohen increased his stake by 42.40% to 838,458 shares with this purchase.
    • Director Charles M. Royce acquired 124,860 shares, paying $5.64 per share for a total amount of $704,406. Mr. Royce increased his stake by 49.02% to 379,586 shares with this purchase.

    You can view the list of recent insider transactions for TICC Capital Corp. here.

    P/E: N/A Forward P/E: 12.04 Industry P/E: 24.22
    P/S: 3.56 Price/Book: 0.95 EV/EBITDA: N/A
    Market Cap: $291.37M Avg. Daily Volume: 237,822 52 Week Range: $4.16 – $7.19

    4. First Data Corporation (FDC): $12.32

    Director Joseph J. Plumeri acquired 250,000 shares of this electronic commerce solutions provider, paying $12.44 per share for a total amount of $3.11 million. Mr. Plumeri increased his stake by 52.23% to 728,664 shares with this purchase.

    You can view the list of recent insider transactions for First Data Corporation here.

    P/E: N/A Forward P/E: 8.11 Industry P/E: N/A
    P/S: 1.47 Price/Book: 18.39 EV/EBITDA: 12.94
    Market Cap: $11.18B Avg. Daily Volume: 4,607,690 52 Week Range: $8.37 – $17.99

    5. PBF Energy Inc. (PBF): $26.82

    Shares of this oil refining company were acquired by 2 insiders:

    • Chief Executive Officer Thomas J. Nimbley acquired 50,000 shares, paying $27.40 per share for a total amount of $1.37 million. Mr. Nimbley increased his stake by 83.33% to 110,000 shares with this purchase.
    • President Matthew C. Lucey acquired 10,000 shares, paying $27.50 per share for a total amount of $275,000. Mr. Lucey increased his stake by 25.00% to 50,000 shares with this purchase.

    You can view the list of recent insider transactions for PBF Energy Inc. here.

    P/E: 82.52 Forward P/E: 6.05 Industry P/E: 10.52
    P/S: 0.21 Price/Book: 1.69 EV/EBITDA: 5.37
    Market Cap: $2.62B Avg. Daily Volume: 1,518,470 52 Week Range: $25.6 – $41.75

    You can view the full list of purchases from this Insider Buying page.

    Notable Insider Sales:

    1. Facebook, Inc. (FB): $118.47

    Shares of Facebook were sold by 4 insiders:

    • Director Jan Koum sold 1,721,436 shares for $118.80, generating $204.51 million from the sale. These shares were sold indirectly through a trust.
    • Chief Technology Officer Michael Todd Schroepfer sold 20,000 shares for $118.45, generating $2.37 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
    • Chief Product Officer Christopher K. Cox sold 15,600 shares for $119.00, generating $1.86 million from the sale.
    • Chief Financial Officer David M. Wehner sold 5,265 shares for $119.90, generating $631,274 from the sale.

    You can view the list of recent insider transactions for Facebook, Inc. here.

    P/E: 72.46 Forward P/E: 25.87 Industry P/E: 28.1
    P/S: 17.21 Price/Book: 7.19 EV/EBITDA: 33.73
    Market Cap: $338.86B Avg. Daily Volume: 26,438,600 52 Week Range: $72 – $121.08

    2. Apple Inc. (AAPL): $97.92

    Shares of Apple were sold by 4 insiders:

    • Senior Vice President Angela J. Ahrendts sold 75,000 shares for $100.00, generating $7.5 million from the sale.
    • Senior Vice President Eduardo H. Cue sold 50,000 shares for $99.44, generating $4.97 million from the sale. These shares were sold indirectly through a trust.
    • Senior Vice President Daniel J. Riccio sold 40,755 shares for $100.00, generating $4.08 million from the sale.
    • Senior Vice President Johny Srouji sold 8,000 shares for $99.75, generating $798,000 from the sale.

    You can view the list of recent insider transactions for Apple Inc. here.

    P/E: 10.9 Forward P/E: 10.75 Industry P/E: 15.4
    P/S: 2.35 Price/Book: 4.1 EV/EBITDA: 7.14
    Market Cap: $536.35B Avg. Daily Volume: 39,000,000 52 Week Range: $89.47 – $132.97

    3. Fitbit Inc. (FIT): $14.63

    Director Steven Joseph Murray sold 1,000,000 shares of this health and fitness tracking devices provider for $14.20, generating $14.21 million from the sale. These shares were sold indirectly by Softbank PrinceVille Investments.

    You can view the list of recent insider transactions for Fitbit Inc. here.

    P/E: 25.4 Forward P/E: 10.38 Industry P/E: 24.58
    P/S: 1.59 Price/Book: 3.17 EV/EBITDA: 8.32
    Market Cap: $3.01B Avg. Daily Volume: 9,213,410 52 Week Range: $11.91 – $51.9

    4. Masimo Corporation (MASI): $49.94

    Shares of this medical technology company were sold by 3 insiders:

    • CEO and Chairman of the Board Joe E. Kiani sold 234,952 shares for $50.09, generating $11.77 million from the sale.
    • EVP & Chief Financial Officer Mark de Raad sold 40,000 shares for $49.43, generating $1.98 million from the sale. These shares were sold as a result of exercising options immediately prior to the sale.
    • Pres-WW Sales,Pro Svc,Med Affs Jon Coleman sold 4,000 shares for $50.00, generating $200,000 from the sale. These shares were sold as a result of exercising options immediately prior to the sale.

    You can view the list of recent insider transactions for Masimo Corporation here.

    P/E: 29.43 Forward P/E: 24.6 Industry P/E: N/A
    P/S: 3.84 Price/Book: 9.16 EV/EBITDA: 20.03
    Market Cap: $2.45B Avg. Daily Volume: 337,184 52 Week Range: $33.03 – $50.41

    5. Best Buy Co., Inc. (BBY): $32.35

    Shares of Best Buy were sold by 2 insiders:

    • Chairman & CEO Hubert Joly sold 398,000 shares for $32.24, generating $12.83 million from the sale.
    • VP, Finance – Contr. & CAO Mathew Watson sold 1,363 shares for $32.10, generating $43,751 from the sale.

    You can view the list of recent insider transactions for Best Buy Co., Inc. here.

    P/E: 11.12 Forward P/E: 10.47 Industry P/E: 12.5
    P/S: 0.27 Price/Book: 2.37 EV/EBITDA: 3.62
    Market Cap: $10.48B Avg. Daily Volume: 4,696,660 52 Week Range: $25.31 – $39.1

    You can view the full list of sales from this Insider Sales page.

    Disclaimer Clients of Signal Partners, LLC  and I may have positions in any of these stocks at any time. Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.

    Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria or follow me on Twitter @asifsuria

    Insider Weekends – May 27, 2016

    Welcome to edition 310 of Insider Weekends. Insider buying increased last week with insiders buying $88.99 million of stock compared to $75.93 million in the week prior. Selling increased with insiders selling $2.28 billion of stock last week compared to $2.17 billion in the week prior.

    Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week dropped to 25.62. In other words, insiders sold more than 25 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 28.53. We are calculating an adjusted ratio by removing transactions by funds and companies and trying as best as possible only to retain information about insiders and 10% owners who are not funds or companies.

    Insider Sell Buy Ratio May 27, 2016

    Insider Sell Buy Ratio May 27, 2016

    Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.

    Notable Insider Buys:

    1. First Data Corporation (FDC): $12.5

    Director Joseph J. Plumeri acquired 250,000 shares of this electronic commerce solutions provider, paying $12.30 per share for a total amount of $3.07 million. Mr. Plumeri increased his stake by 109.33% to 478,664 shares with this purchase.

    You can view the list of recent insider transactions for First Data Corporation here.

    P/E: N/A Forward P/E: 8.22 Industry P/E: N/A
    P/S: 1.44 Price/Book: 18.01 EV/EBITDA: 13.02
    Market Cap: $11.34B Avg. Daily Volume: 4,616,880 52 Week Range: $8.37 – $17.99

    2. General Electric Company (GE): $30.12

    Chairman and CEO Jeffrey R. Immelt acquired 67,600 shares of General Electric, paying $29.59 per share for a total amount of $2 million. Mr. Immelt increased his stake by 3.23% to 2,158,688 shares with this purchase.

    You can view the list of recent insider transactions for General Electric Company here.

    P/E: 40.81 Forward P/E: 17.21 Industry P/E: 21.66
    P/S: 2.35 Price/Book: 3.03 EV/EBITDA: 29.48
    Market Cap: $276.97B Avg. Daily Volume: 31,133,700 52 Week Range: $19.37 – $32.05

    3. Biglari Holdings Inc. (BH): $401.38

    Director Sardar Biglari, acquired 3,126 shares of this restaurant holding company, paying $378.85 per share for a total amount of $1.18 million. These shares were purchased indirectly by The Lion Fund.

    You can view the list of recent insider transactions for Biglari Holdings Inc. here.

    P/E: 22.2 Forward P/E: 31.73 Industry P/E: 23.76
    P/S: 0.91 Price/Book: 1.6 EV/EBITDA: 19.13
    Market Cap: $829.60M Avg. Daily Volume: 4,158 52 Week Range: $321 – $459.43

    4. TICC Capital Corp. (TICC): $5.6

    Shares of this business development company were acquired by 4 insiders:

    • Chief Executive Officer Jonathan H. Cohen acquired 71,640 shares, paying $5.55 per share for a total amount of $397,721. Mr. Cohen increased his stake by 13.85% to 588,738 shares with this purchase.
    • President and COO Saul B. Rosenthal acquired 71,640 shares, paying $5.55 per share for a total amount of $397,721. Mr. Rosenthal increased his stake by 22.80% to 385,875 shares with this purchase.
    • Director Charles M. Royce acquired 35,820 shares, paying $5.55 per share for a total amount of $198,861. Mr. Royce increased his stake by 16.36% to 254,726 shares with this purchase.
    • Director Steven P. Novak acquired 2,000 shares, paying $5.26 per share for a total amount of $10,520. These shares were acquired indirectly by Mr. Novak’s spouse.

    You can view the list of recent insider transactions for TICC Capital Corp. here.

    P/E: N/A Forward P/E: 11.91 Industry P/E: 24.22
    P/S: 3.58 Price/Book: 0.96 EV/EBITDA: N/A
    Market Cap: $288.28M Avg. Daily Volume: 209,312 52 Week Range: $4.16 – $7.22

    5. CF Industries Holdings, Inc. (CF): $27.7

    Shares of this agricultural chemicals company were acquired by 2 insiders:

    • Director Robert C. Arzbaecher acquired 17,275 shares, paying $28.10 per share for a total amount of $485,386. Mr. Arzbaecher increased his stake by 34.85% to 66,843 shares with this purchase. 275 of these shares were acquired indirectly by Mr. Arzbaecher’s daughter.
    • Sr. VP, Manufacturing Christopher D. Bohn acquired 12,500 shares, paying $27.92 per share for a total amount of $349,056. Mr. Bohn increased his stake by 65.04% to 31,718 shares with this purchase.

    You can view the list of recent insider transactions for CF Industries Holdings, Inc. here.

    P/E: 13.15 Forward P/E: 10.57 Industry P/E: 18.07
    P/S: 1.55 Price/Book: 1.67 EV/EBITDA: 5.93
    Market Cap: $6.46B Avg. Daily Volume: 4,244,790 52 Week Range: $26.1 – $70.32

    You can view the full list of purchases from this Insider Buying page.

    Notable Insider Sales:

    1. Facebook, Inc. (FB): $119.38

    Shares of Facebook were sold by 4 insiders:

    • Director Jan Koum sold 594,246 shares for $117.12, generating $69.59 million from the sale. These shares were sold indirectly through a trust.
    • Chief Operating Officer Sheryl Sandberg sold 109,000 shares for $119.15, generating $12.99 million from the sale. 52,404 of these shares were sold as a result of exercising options immediately prior to the sale.
    • Chief Financial Officer David M. Wehner sold 5,265 shares for $117.07, generating $616,374 from the sale.
    • Director Susan Desmond-Hellmann sold 2,514 shares for $117.07, generating $294,314 from the sale. These shares were sold indirectly through a trust.

    You can view the list of recent insider transactions for Facebook, Inc. here.

    P/E: 73.02 Forward P/E: 26.07 Industry P/E: 28.1
    P/S: 17.29 Price/Book: 7.22 EV/EBITDA: 34.01
    Market Cap: $341.46B Avg. Daily Volume: 27,074,200 52 Week Range: $72 – $121.08

    2. TechTarget, Inc. (TTGT): $8

    Director Jay C. Hoag sold 2,250,000 shares of this publishing company for $8.25, generating $18.56 million from the sale. These shares were sold indirectly  through various Technology Crossover Venture (TCV) funds.

    You can view the list of recent insider transactions for TechTarget, Inc. here.

    P/E: 39.6 Forward P/E: 14.29 Industry P/E: 28.1
    P/S: 2.26 Price/Book: 1.59 EV/EBITDA: 13.02
    Market Cap: $258.36M Avg. Daily Volume: 61,766 52 Week Range: $5.98 – $10.94

    3. Q2 Holdings, Inc. (QTWO): $24.96

    Shares of this cloud-based virtual banking solutions provider were sold by 3 insiders:

    • Director Michael Maurice Brown sold 500,000 shares for $22.50, generating $11.25 million from the sale. These shares were sold indirectly by Battery Ventures IX, L.P.
    • Director Charles T. Doyle sold 4,200 shares for $25.00, generating $105,000 from the sale. These shares were sold indirectly by Texas Independent Bancshares, Inc.
    • Director R. H. Seale sold 3,794 shares for $25.00, generating $94,850 from the sale. These shares were sold indirectly by RHS Investments-I, L.P.

    You can view the list of recent insider transactions for Q2 Holdings, Inc. here.

    P/E: N/A Forward P/E: N/A Industry P/E: 29.26
    P/S: 8.25 Price/Book: 8.73 EV/EBITDA: -46.99
    Market Cap: $979.11M Avg. Daily Volume: 191,462 52 Week Range: $16.43 – $30.44

    4. Apple Inc. (AAPL): $100.35

    SVP, General Counsel, Secretary D. Bruce Sewell sold 103,300 shares of Apple for $96.78, generating $9.99 million from the sale.

    You can view the list of recent insider transactions for Apple Inc. here.

    P/E: 11.17 Forward P/E: 10.99 Industry P/E: 15.4
    P/S: 2.42 Price/Book: 4.22 EV/EBITDA: 7.31
    Market Cap: $549.66B Avg. Daily Volume: 39,248,500 52 Week Range: $89.47 – $132.97

    5. Microchip Technology Inc. (MCHP): $50.99

    Shares of this semiconductor company were sold by 6 insiders:

    • President, CEO, Chairman Steve Sanghi sold 176,647 shares for $49.75, generating $8,788,140 from the sale. These shares were sold indirectly through a trust.
    • Director Matthew W. Chapman sold 10,000 shares for $47.92, generating $479,200 from the sale. 9,738 of these shares were sold indirectly through a trust.
    • VP, MCU8 Division Stephen V. Drehobl sold 3,916 shares for $48.71, generating $190,748 from the sale.
    • VP, WW Sales and Appns. Mitchell R. Little sold 3,039 shares for $48.71, generating $148,030 from the sale.
    • VP, Analog and Intrfc Prod Div Richard J. Simoncic sold 2,679 shares for $48.71, generating $130,494 from the sale. These shares were sold indirectly through a trust.
    • VP and CFO James Eric Bjornholt sold 2,164 shares for $48.71, generating $105,408 from the sale. These shares were sold indirectly through a trust.

    You can view the list of recent insider transactions for Microchip Technology Inc. here.

    P/E: 34.22 Forward P/E: 13.74 Industry P/E: 19.52
    P/S: 4.75 Price/Book: 4.8 EV/EBITDA: 15.14
    Market Cap: $10.89B Avg. Daily Volume: 2,159,320 52 Week Range: $37.77 – $51.05

    You can view the full list of sales from this Insider Sales page.

    Disclaimer Clients of Signal Partners, LLC  and I may have positions in any of these stocks at any time. Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.

    Connect with me on LinkedIn: http://www.linkedin.com/in/asifsuria or follow me on Twitter @asifsuria