Weekly highlight of top insider buys: NVIDIA Corp. (NVDA, Financial), Darden Restaurants Inc. (DRI, Financial), H&R Block Inc. (HRB, Financial), Smithfield Foods Inc. (SFD, Financial), and IDACORP Inc. (IDA, Financial).
NVIDIA Corp. (NVDA): Director A. Brooke Seawell Bought 100,000 Shares
Director of NVIDIA Corp., A. Brooke Seawell, bought 100,000 shares on Oct. 3, 2011, at an average price of $14.15. NVIDIA Corporation designs, develops and markets a "top-to-bottom" family of award-winning 3D graphics processors, graphics processing units and related software that set the standard for performance, quality and features for every type of desktop personal computer user, from professional workstations to low-cost computers. NVIDIA Corp. has a market cap of $8.49 billion; its shares were traded at around $14.15 with a P/E ratio of 16.4 and P/S ratio of 2.4.
On August 11, NVIDIA Corp. reported revenue of $1.02 billion for the second quarter of fiscal 2012 ended July 31, 2011, up 5.7% from the prior quarter, and up 25.3% from $811.2 million in the same period a year earlier. GAAP net income was $151.6 million, or $0.25 per diluted share; non-GAAP net income was $193.5 million, or $0.32 per diluted share.
Last week, Director A. Brooke Seawell bought 100,000 shares of NVDA stock. Interim CFO Karen Burns sold 6,000 shares last month. Director William J. Miller sold 300,000 shares in August. President and CEO Jen Hsun Huang, Director Harvey C. Jones, Director James C. Gaither, and Director Tench Coxe sold shares in July.
Darden Restaurants Inc. (DRI): Director William M. Lewis Jr. Bought 20,000 Shares
Darden Restaurants Inc. is the world's largest casual dining restaurant company based on market share, sales and number of company-owned and operated restaurants. Darden Restaurants Inc. has a market cap of $5.94 billion; its shares were traded at around $44.12 with a P/E ratio of 12.9 and P/S ratio of 0.7. The dividend yield of Darden Restaurants Inc. stocks is 3.9%. Darden Restaurants Inc. had an annual average earnings growth of 10.3% over the past 10 years. GuruFocus rated Darden Restaurants Inc. the business predictability rank of 4.5-star.
On Sept. 28, Darden Restaurants Inc. reported diluted net earnings per share and sales for the first quarter ended Aug. 28, 2011. First quarter diluted net earnings per share from continuing operations were 78 cents, a 3% decrease from the 80 cents per diluted share in the first quarter of last year. Net earnings from continuing operations in this year's first quarter were $106.8 million and sales were $1.94 billion, which compare to net earnings from continuing operations of $113.3 million and sales of $1.81 billion in the first quarter last year.
Last week, Director William M. Lewis Jr bought 20,000 shares of DRI stock. Chairman, CEO Clarence Otis Jr., CFO, Senior Vice President C Bradford Richmond, President, Specialty Restaurant Group Eugene I. Lee Jr., Director Leonard L. Berry, Director Maria Sastre, and Director Odie C. Donald sold shares in July.
H&R Block Inc. (HRB): Director Victoria Reich Bought 3,500 Shares
Director of H&R Block Inc., Victoria Reich, bought 3,500 shares on Sept. 29, 2011, at an average price of $13.81. H&R Block Inc. is a diversified company involved in tax return preparation, electronic filing of income tax returns and other tax-related services. H&R Block Inc. has a market cap of $4.22 billion; its shares were traded at around $13.81 with a P/E ratio of 9.1 and P/S ratio of 1.1. The dividend yield of H&R Block Inc. stocks is 4.3%.
In September, President and CEO William C. Cobb, Senior Vice President and CFO Jeffrey Brown, Director Victoria Reich, Director Bruce Rohde, Director Robert A. Gerard, Director Paul J. Brown, and Director James F. Wright bought shares of HRB stock.
Smithfield Foods Inc. (SFD): President and CEO C. Larry Pope Bought 10,000 Shares
President and CEO of Smithfield Foods Inc., C. Larry Pope, bought 10,000 shares on Oct. 3, 2011, at an average price of $20.71. Smithfield Foods Inc. is one of the world's largest pork processors and hog producer. Smithfield Foods Inc. has a market cap of $3.44 billion; its shares were traded at around $20.71 with a P/E ratio of 6.5 and P/S ratio of 0.3.
On Sept. 8, Smithfield Foods Inc. reported record fiscal 2012 first-quarter results. Net income was $82.1 million, or $.49 per diluted share, including a $39.0 million pre-tax litigation charge. Adjusted operating profit increased $44.6 million, or 25%, to a record $222.2 million.
This month, Director Margaret G. Lewis and President and CEO C. Larry Pope bought shares of SFD stock. President and COO, Pork Group George H. Richter, Director John T. Schwieters, and Executive Vice President Joseph W. Luter IV bought shares in September.
IDACORP Inc. (IDA): Director Richard J. Dahl Bought 1,400 Shares
Director of IDACORP Inc., Richard J. Dahl, bought 1,400 shares on Sept. 29, 2011, at an average price of $38.65. IDACORP Inc. is an electric public utility company. IDACORP Inc. has a market cap of $1.92 billion; its shares were traded at around $38.65 with a P/E ratio of 13.6 and P/S ratio of 1.8. The dividend yield of IDACORP Inc. stocks is 3.1%. IDACORP Inc. had an annual average earnings growth of 1.9% over the past 10 years.
On August 4, IDACORP Inc. reported second quarter 2011 net income attributable to IDACORP of $20.9 million, or $0.42 per diluted share, compared to $39.2 million, or $0.82 per diluted share, in 2010. The 2010 second quarter included a $25 million ($0.52 per diluted share) income tax benefit from a tax accounting method change at Idaho Power Company for repair-related expenditures.
Last week, Director Richard J. Dahl bought 1,400 shares of IDA stock. Vice President and Treasurer Steven R. Keen sold 1,856 shares in May.
NVIDIA Corp. (NVDA): Director A. Brooke Seawell Bought 100,000 Shares
Director of NVIDIA Corp., A. Brooke Seawell, bought 100,000 shares on Oct. 3, 2011, at an average price of $14.15. NVIDIA Corporation designs, develops and markets a "top-to-bottom" family of award-winning 3D graphics processors, graphics processing units and related software that set the standard for performance, quality and features for every type of desktop personal computer user, from professional workstations to low-cost computers. NVIDIA Corp. has a market cap of $8.49 billion; its shares were traded at around $14.15 with a P/E ratio of 16.4 and P/S ratio of 2.4.
On August 11, NVIDIA Corp. reported revenue of $1.02 billion for the second quarter of fiscal 2012 ended July 31, 2011, up 5.7% from the prior quarter, and up 25.3% from $811.2 million in the same period a year earlier. GAAP net income was $151.6 million, or $0.25 per diluted share; non-GAAP net income was $193.5 million, or $0.32 per diluted share.
Last week, Director A. Brooke Seawell bought 100,000 shares of NVDA stock. Interim CFO Karen Burns sold 6,000 shares last month. Director William J. Miller sold 300,000 shares in August. President and CEO Jen Hsun Huang, Director Harvey C. Jones, Director James C. Gaither, and Director Tench Coxe sold shares in July.
Darden Restaurants Inc. (DRI): Director William M. Lewis Jr. Bought 20,000 Shares
Darden Restaurants Inc. is the world's largest casual dining restaurant company based on market share, sales and number of company-owned and operated restaurants. Darden Restaurants Inc. has a market cap of $5.94 billion; its shares were traded at around $44.12 with a P/E ratio of 12.9 and P/S ratio of 0.7. The dividend yield of Darden Restaurants Inc. stocks is 3.9%. Darden Restaurants Inc. had an annual average earnings growth of 10.3% over the past 10 years. GuruFocus rated Darden Restaurants Inc. the business predictability rank of 4.5-star.
On Sept. 28, Darden Restaurants Inc. reported diluted net earnings per share and sales for the first quarter ended Aug. 28, 2011. First quarter diluted net earnings per share from continuing operations were 78 cents, a 3% decrease from the 80 cents per diluted share in the first quarter of last year. Net earnings from continuing operations in this year's first quarter were $106.8 million and sales were $1.94 billion, which compare to net earnings from continuing operations of $113.3 million and sales of $1.81 billion in the first quarter last year.
Last week, Director William M. Lewis Jr bought 20,000 shares of DRI stock. Chairman, CEO Clarence Otis Jr., CFO, Senior Vice President C Bradford Richmond, President, Specialty Restaurant Group Eugene I. Lee Jr., Director Leonard L. Berry, Director Maria Sastre, and Director Odie C. Donald sold shares in July.
H&R Block Inc. (HRB): Director Victoria Reich Bought 3,500 Shares
Director of H&R Block Inc., Victoria Reich, bought 3,500 shares on Sept. 29, 2011, at an average price of $13.81. H&R Block Inc. is a diversified company involved in tax return preparation, electronic filing of income tax returns and other tax-related services. H&R Block Inc. has a market cap of $4.22 billion; its shares were traded at around $13.81 with a P/E ratio of 9.1 and P/S ratio of 1.1. The dividend yield of H&R Block Inc. stocks is 4.3%.
In September, President and CEO William C. Cobb, Senior Vice President and CFO Jeffrey Brown, Director Victoria Reich, Director Bruce Rohde, Director Robert A. Gerard, Director Paul J. Brown, and Director James F. Wright bought shares of HRB stock.
Smithfield Foods Inc. (SFD): President and CEO C. Larry Pope Bought 10,000 Shares
President and CEO of Smithfield Foods Inc., C. Larry Pope, bought 10,000 shares on Oct. 3, 2011, at an average price of $20.71. Smithfield Foods Inc. is one of the world's largest pork processors and hog producer. Smithfield Foods Inc. has a market cap of $3.44 billion; its shares were traded at around $20.71 with a P/E ratio of 6.5 and P/S ratio of 0.3.
On Sept. 8, Smithfield Foods Inc. reported record fiscal 2012 first-quarter results. Net income was $82.1 million, or $.49 per diluted share, including a $39.0 million pre-tax litigation charge. Adjusted operating profit increased $44.6 million, or 25%, to a record $222.2 million.
This month, Director Margaret G. Lewis and President and CEO C. Larry Pope bought shares of SFD stock. President and COO, Pork Group George H. Richter, Director John T. Schwieters, and Executive Vice President Joseph W. Luter IV bought shares in September.
IDACORP Inc. (IDA): Director Richard J. Dahl Bought 1,400 Shares
Director of IDACORP Inc., Richard J. Dahl, bought 1,400 shares on Sept. 29, 2011, at an average price of $38.65. IDACORP Inc. is an electric public utility company. IDACORP Inc. has a market cap of $1.92 billion; its shares were traded at around $38.65 with a P/E ratio of 13.6 and P/S ratio of 1.8. The dividend yield of IDACORP Inc. stocks is 3.1%. IDACORP Inc. had an annual average earnings growth of 1.9% over the past 10 years.
On August 4, IDACORP Inc. reported second quarter 2011 net income attributable to IDACORP of $20.9 million, or $0.42 per diluted share, compared to $39.2 million, or $0.82 per diluted share, in 2010. The 2010 second quarter included a $25 million ($0.52 per diluted share) income tax benefit from a tax accounting method change at Idaho Power Company for repair-related expenditures.
Last week, Director Richard J. Dahl bought 1,400 shares of IDA stock. Vice President and Treasurer Steven R. Keen sold 1,856 shares in May.
