Insider Trading Alert: Heavy Insider Selling Witnessed at These 3 Companies

Becton Dickinson and Co (NYSE:BDX) is another company that has had a large volume of insider selling activity so far this month. Senior Vice President and General Counsel Jeffrey S. Sherman discarded 7,586 shares this Monday at a weighted average price of $153.76, and currently owns 23,734 shares. Furthermore, Executive Vice President Thomas E. Polen Jr. offloaded 2,683 shares last Tuesday for $152.21 each, cutting his overall holding to 5,789 shares. John E. Gallagher, Vice President – Corporate Finance and Treasurer, disposed of 1,600 shares last Monday at $150.7 apiece, remaining with a mere 3,393 shares. The global medical technology company has delivered strong revenue growth in fiscal 2015, as its annual revenues in the United States went up by 48.4% year-on-year to $5.07 billion. The company anticipates even higher top- and bottom-line figures in the upcoming years, thanks to sustained investments into research and development activities, geographic expansion, and new product promotions. Nevertheless, despite the improved economic environment in the healthcare industry, Becton Dickinson and Co continues to face pricing pressures for some of its products. Meanwhile, the company has a forward P/E ratio of 16.47, which is slightly lower than the average of 17.44 for the S&P 500. Hence, the stock appears to have even more upside potential should analysts’ earnings estimates be precise. Jim Simons’ Renaissance Technologies owned 1.62 million shares Becton Dickinson and Co (NYSE:BDX) at the end of September.

NVIDIA Corporation (NASDAQ:NVDA) has seen numerous insiders unload shares over the past several weeks, so let’s discuss the insider sales registered last week. Ajay K. Puri, Executive Vice President – Worldwide Field Operations, unloaded a 50,000-share block on Friday at a weighted average price of $33.64 and currently owns 478,566 shares. Director A. Brooke Seawell sold 5,141 shares last Tuesday at a price of $32.52 per share. After the recent sell-off, the Director holds a direct ownership stake of 5,142 shares, and an indirect ownership stake of 160,000 shares. The company primarily operates in two business segments, GPU and Tegra Processor, both of which has seen prosperous developments in recent months. NVIDIA’s GPU business delivered revenue growth of 12% in the third quarter, which was mainly driven by sustained strength in PC gaming. Meanwhile, its Tegra Processor business revenue decreased by 23% year-on-year, mainly due to sluggish sales of Tegra products for OEM smartphones and tablets. However, the company has been experiencing substantial demand for its Tegra products for automotive infotainment systems. NVIDIA shares are up 65% this year, so it is not surprising that insiders are heavily cashing out at the moment. Israel Englander’s Millennium Management added a 2.00 million-share position to its portfolio during the third quarter.

Disclosure: None