U.S. Markets closed

Weekly CFO Buys Highlights

- By Myra Ramdenbourg

According to GuruFocus Insider Data, the recent CFO buys were: Infinera Corp. (INFN), Bank of South Carolina Corp. (BKSC) and Pixelworks Inc. (PXLW).

Infinera: CFO bought 20,000 shares

CFO Brad Feller bought 20,000 shares for $8.6 on Aug. 2. The price has increased by 8.84%.


Infinera has a market cap of $1.24 billion, and its shares were traded around $9.36 Friday. The company has a P/E ratio of 30.19 and P/S ratio of 1.37.

Infinera reported revenue of $258.82 million and gross profit of $123.75 million while the net income was $11.49 million in the second quarter. The 2015 total revenue was $886.71 million, a 33% increase from 2014. The 2015 gross profit was $403.48 million, a 40% increase from 2014. Net income was $51.41 million for 2015.

Director Marcel Gani bought 50,000 shares for $8.6 per share on Aug. 2. Director John Daane bought 12,000 shares for $8.49 per share on Aug. 1. The price of the stock has increased by 10.25%. CEO Thomas J. Fallon bought 100,000 shares for $8.54 per share on Aug. 1. The price of the stock has increased by 9.6%.

Bank of South Carolina: CFO bought 9,185 shares

CFO Eugene H. Walpole IV bought 15 shares for $17.01 per share on Aug. 4. The price has increased by 2.88%.

Bank of South Carolina has a market cap of $84.524 million, and its shares were traded around $17.50 Friday.

The company has a P/E ratio of 18.04 and P/S ratio of 5.18. The trailing 12-month dividend yield and forward dividend yield of Bank of South Carolina stocks is 2.97%. Over the past 10 years, Bank of South Carolina had an annual average earnings growth of 1.90%.

Bank of South Carolina announced revenue of $4.42 billion and net income of $1.20 billion in the first quarter. The 2015 total revenue was $17.28 billion, an 8% increase from the 2014 total revenue. The 2015 net income was $4.88 billion.

On Aug. 2, COO Susanne King Boyd bought 12 shares for $17.66 per share. The price of the stock has decreased by 0.91%. ESOP Trustee Sheryl G. Sharry bought 50 shares for $16.25 per share on July 28. The price of the stock has increased by 7.69%. Executive Vice President Douglas H. Sass bought 50 shares for $16.25 per share on July 28. The price of the stock has increased by 7.69%.

Pixelworks: VP, CFO and treasurer bought 3,000 shares

VP, CFO and Treasurer Steven L. Moore bought 3,000 shares for $1.7 per share on July 29. The price has increased by 45.29%.

Pixelworks reported revenue of $11.17 million and gross profit of $3.59 million while the net loss was $8.64 million in the first quarter. The 2015 total revenue was $59.52 million, a 2% decrease from the 2014 total revenue. The 2015 gross profit was $29.29 million, an 8% increase from the 2014 gross profit. The 2015 net loss was $10.57 million.

Disclosure: Author owns no stocks mentioned in this article.

Start a free seven-day trial of Premium Membership to GuruFocus.

This article first appeared on GuruFocus.