Equity Research on Most Popular Searches: Intel, Vertex Pharmaceuticals, Seagate, Las Vegas Sands, Itau Unibanco, and Research In Motion
Insiderslab.com has issued insider trading reports and Equity Research for the following companies: Intel (NASDAQ:INTC), Vertex Pharmaceuticals (NASDAQ:VRTX), Seagate (NASDAQ:STX), Las Vegas Sands (NYSE:LVS), Itau Unibanco (NYSE:ITUB), and Research In Motion (NASDAQ:RIMM).
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Intel Corporation (NASDAQ:INTC): Intel ended higher by US$0.35 or 1.36% to US$26.09 with more than 35.05 million shares traded hands, compared to its average volume of 41.23 million shares. On Tuesday, analyst Vijay Rakesh at Sterne Agee trimmed his earnings forecast for the current and next quarter, citing that the demand for personal computers have started to show weakness, which could affect the company's business going forward on global economic uncertainty. Mr. Vijay trimmed its earnings forecast by a penny to 63 cents a share in the current quarter, from his previous forecast of 64 cents a share. Revenue is now estimated at US$14.6 billion, down marginally from prior estimate of US$14.65 billion. On an average, analysts are estimating the company to report 67 cents on revenue of US$14.85 billion, which is higher from the estimate of the firm. Mr. Vijay also reduced his earnings estimate for the fourth quarter to 66 cents a share on revenue of US$15.2 billion, from its previous guidance of 69 cents a share on revenue of US$15.4 billion. These are below the analysts' estimate of profit of 78 cents on revenue of US$15.89 billion. Growth for notebook computer unit are now seen at 10% in the third quarter, below 2.50% from its last guidance, whole server unit growth is estimated at 4.50% from 5% earlier. Academic studies clarify that professional investors can get benefit from insider trading data. Do you want to trace this company on an on-going basis? It can be done for free by registering below.
Read Full Report: http://www.insiderslab.com/PR3/053012A/INTC/Intel.pdf
Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX): Vertex had a tough session as the shares of the company slumped US$7.05 or 10.87% to US$57.80 on heavy volume of 20.86 million shares, compared to its average volume of 4.65million shares. The company disappointed investors by revising results from a study of two cystic fibrosis drugs, which was reported early May. The company said that 35% of the surveyed patients witnessed at least 5 percentage points improvement in lung function after 56 days and 19% of patients showed improved lung function by at least 10 percentage points. However, earlier the company had reported at least 5 percentage points improvement in 46% patients and 30% showed at least 10 percentage points. After the revision, analyst at ISI Group defended the company saying that although date has been revised downwardly, it is still quite satisfactory. The company cited that the numbers were different due to misunderstanding between Vertex and an outside data analysis firm. The company confirmed that this will not impact its intention to initiate final-stage trials for U.S. marketing approval. Shares of the company are up over 75% year to date and risen about 8% over the past one year. Over the past 52 weeks, the stock has been moving within narrow range of US$26.50-US$66.10. Insiderslab.com found Lisa Kelly-Croswell, Senior Vice President, Human Resources, sold about 6,006 shares on May 24 at price US$63.28. Academic studies have shown that insiders traditionally make higher investment returns than ordinary investors. Want to trace the activities of company insiders from now on?
Read Full Report: http://www.insiderslab.com/PR3/053012A/VRTX/Vertex.pdf
Seagate Technology PLC (NASDAQ:STX): Seagate continued to slide on Tuesday and fell 4.39% to US$25.03 on over 20.39 million shares, compared to its average volume of 14.50 million shares. Last week, the company said that it is planning to acquire LaCie SA in a deal valued EUR146 million (US$186 million) in order to increase its footprint in the consumer storage market especially in Japan and Southern Europe than Seagate. LaCie SA has strong control over hard-disk drives market and has outperformed its peers at the time when others were struggling amid flooding in Thailand, which stalled drive manufacturing. After the deal, Seagate will add 200 to 300 employees to its current workforce. The company has bought 64.5% stake in LaCie for EUR4.05 a share in cash. The company is now planning to buy out the rest of the shares of the company is a cash deal. The deal is projected to end by the third calendar quarter. However, the deal is not expected to provide any additional earnings at least by the end of the fiscal year 2013. Insiderslab.com found Stephen J. Luczo, Chairman of the Board, President and Chief Executive Officer, sold about US$30.31 million shares during last 3 months. Insiderslab.com believes that it is a clever way to check if insiders like CEOs, CFOs, and Directors in STX are starting to buy more company shares. See insider trade report for STX here.
Read Full Report: http://www.insiderslab.com/PR3/053012A/STX/Seagate.pdf
Today Insiderslab.com also observed abnormal trade volume for the following companies; insiders may involve trading in these companies. It will take some time for insiders to report their trades. Read these reports and add these companies into your Insider Trade Radar.
Las Vegas Sands Corp. (NYSE:LVS):
Read Full Report: http://www.insiderslab.com/PR3/053012A/LVS/LasVegasSands.pdf
Itau Unibanco Holding SA (ADR) (NYSE:ITUB):
Read Full Report: http://www.insiderslab.com/PR3/053012A/ITUB/ItauUnibanco.pdf
Research In Motion Limited (USA) (NASDAQ:RIMM):
Read Full Report: http://www.insiderslab.com/PR3/053012A/RIMM/ResearchInMotion.pdf
Insider Filing Source Reference: All observations, analysis and reports are based on public information released by the U.S. Securities and Exchange Commission.
Insiderslab.com covers insider trade data in major stock markets in the U.S., Hong Kong, Mainland China, and Singapore. Insiderslab.com features a team of experienced data analysts striving to provide the investment community with the tools, software, and data necessary to carry out more effective investment research.
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Reported on May 30, 2012
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Today's Notable Trades
Coleman Cable, Inc. (CCIX)
First-Class Insider (CEO and President): Yetman G Gary
Sold 108,478 Common Stock (Non-Derivative security at $20.011) on Jun 18, 2013. Direct holding 570,742 shares/units after transaction. Holdings decreased -15.97%.
Filing date: Jun 19, 2013. Record updated at 22:29:00.
YELP INC (YELP)
First-Class Insider: Levchin Max R
Sold 11,733 Class A Common Stock (Non-Derivative security at $31.269) on Jun 17, 2013. Direct holding 0 shares/units after transaction. Holdings decreased -100.00%.
Filing date: Jun 19, 2013. Record updated at 22:27:10.
OMNIVISION TECHNOLOGIES INC (OVTI)
Senior Officer (Sr. VP of Global Mgmt & GC): CHOU YUNHWA VICKY
Sold 6,646 Common Stock (Non-Derivative security at $20.333) on Jun 18, 2013. Direct holding 42,459 shares/units after transaction. Holdings decreased -13.53%.
Filing date: Jun 19, 2013. Record updated at 22:25:33.
EPAM Systems, Inc. (EPAM)
First-Class Insider (President of EU Operations,EVP): Robb Karl
Sold 23,000 Common Stock (Non-Derivative security at $26.010) on Jun 17, 2013. Indirect holding 46,789 shares/units after transaction. Holdings decreased -32.96%.
Filing date: Jun 19, 2013. Record updated at 22:25:19.
SMUCKER J M CO (SJM)
Senior Officer (Vice President): Sabin Julia L
Sold 4,157 Common Shares (Non-Derivative security at $103.480) on Jun 17, 2013. Direct holding 11,788 shares/units after transaction. Holdings decreased -26.07%.
Filing date: Jun 19, 2013. Record updated at 22:25:06.
Anacor Pharmaceuticals, Inc. (ANAC)
Senior Officer (Senior Vice President and CFO): Parker Geoffrey M.
Acquired 23,046 Common Stock (Non-Derivative security at $5.205) on Jun 19, 2013. Indirect holding 86,000 shares/units after transaction. Holdings increased 36.61%.
Filing date: Jun 19, 2013. Record updated at 22:21:38.
WAGEWORKS, INC. (WAGE)
Senior Officer (Chief Financial Officer): Green Richard T.
Acquired 48,000 Common Stock (Non-Derivative security at $6.140) on Jun 17, 2013. Direct holding 51,707 shares/units after transaction. Holdings increased 1,294.85%.
Filing date: Jun 19, 2013. Record updated at 22:21:24.
LA-Z-BOY INC (LZB)
Senior Officer (Senior Vice President): Sawyer Otis S
Sold 7,969 Common Shares (Non-Derivative security at $19.060) on Jun 17, 2013. Direct holding 61,614 shares/units after transaction. Holdings decreased -11.45%.
Filing date: Jun 19, 2013. Record updated at 22:18:10.
SUNESIS PHARMACEUTICALS INC (SNSS)
First-Class Insider (President and CEO): Swisher Daniel N JR
Acquired 15,000 Common Stock (Non-Derivative security at $2.940) on Jun 18, 2013. Direct holding 112,093 shares/units after transaction. Holdings increased 15.45%.
Filing date: Jun 19, 2013. Record updated at 22:13:42.
VIRCO MFG CORPORATION (VIRC)
Senior Officer (Vice President): Quinones Patricia Levine
Sold 9,601 stock $.01 par value (Non-Derivative security at $2.030) on Jun 17, 2013. Direct holding 59,434 shares/units after transaction. Holdings decreased -13.91%.
Filing date: Jun 19, 2013. Record updated at 22:12:47.