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Insiders at Tessera Technologies and Anacor Pharmaceuticals Buy Stock

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Plus, Softbank buys Sprint stock, and there was a purchase at PMC-Sierra.

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Welcome to our daily roundup of top insider trades. Here's a look at the most significant inside sales and purchases filed with the SEC on Tuesday, August 13, 2013.

Notable Purchases:
  • The Japanese telecommunications company Softbank (OTCMKTS:SFTBF) bought 4,845,824 shares of American telecom company Sprint for $34,139,608.
  • Peter Feld, a Director of miniaturization technologies and electronic device products company Tessera Technologies (NASDAQ:TSRA), bought 400,000 shares of company stock for $7,572,131. The company's stock is up 2.93% since the open, and it is now trading at $19.66.
  • The activist investment fund Relational Investors bought 1,004,874 shares of semiconductor company PMC-Sierra (NASDAQ:PMCS) for $6,477,444.
  • Geoffrey Parker, the Vice President and CFO of biopharmaceutical company Anacor Pharmaceuticals (NASDAQ:ANAC), bought 50,000 shares of company stock for $417,205. The company's stock is up 12.86% since the open, and it is now trading at $9.48.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
S
B
$34,139,608
2
DIR
B
$7,572,131
3
BO
B
$6,477,444
4
DIR
B
$5,845,704
5
DIR,BO
B
$1,002,588
6
VP,CFO
B
$417,205
7
CEO,DIR
B
$302,169
8
BO
B
$298,297
9
CEO,PR,DIR
B
$219,821
10
FO,DIR,BO
JB*
$184,137

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
CEO,DIR,BO
AS
$18,368,998
2
CEO,CB,PR
AS
$15,146,320
3
PR,CEO,DIR
S
$11,711,647
4
BO
S
$7,398,952
5
DIR,BO
JS*
$6,664,578
6
BO
S
$4,421,701
7
DIR
S
$4,248,808
8
CTO
AS
$3,434,724
9
BO
S
$2,789,613
10
DIR
S
$2,576,019

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

An important note from Jonathan Moreland, founder of Insider Insights:

In a victory for common sense, it has been proven profitable -- by both academic studies and (more importantly) the experience of your fellow professional investors -- to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they're registered as "insiders."

Please note, however, that the lists above are strictly factual; they are not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.

At InsiderInsights.com, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.

Jonathan Moreland is also the author of "Profit From Legal Insider Trading."
No positions in stocks mentioned.
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