Monolithic Power Systems, Inc. (Spruce Point Management)
Spruce Point has significant concerns about Monolithic Power Systems (Nasdaq: MPWR), a designer and manufacturer of power management solutions. Despite being headquartered and publicly listed in the U.S., MPWR operates largely as a foreign company with ~90% of its production, and 58% of sales reported in China. After a close on-the-ground and forensic financial investigation, Spruce Point finds evidence that suggests $245 – $265m (~40%) of its sales are irreconcilable. With MPWR’s shares valued among the highest in the semiconductor space, and fundamental and accounting pressures mounting, we see the potential for 75% – 85% downside risk ($21 – $35 per share).
Catalent Inc (CTLT) Chair & CEO John R Chiminski Sold $4.7 million of Shares (Guru Focus)
Chair & CEO of Catalent Inc., John R Chiminski, sold 97,043 shares of CTLT on 10/07/2019 at an average price of $48.84 a share. The total sale was $4.7 million. Catalent Inc is a drug development, delivery and supply partner company. It engages in advanced delivery technologies and development solutions for drugs, biologics, and consumer health products across US, Europe and other international markets.
Insider Trading Policies and Training: Time for a Refresher? (Lexology)
We recently wrote a three-part article series for Corporate Counsel highlighting recent trends warranting review by public companies and consideration as to whether to update their insider trading policies and training. Part One offered practical guidance on mitigating risks associated with employees who may inadvertently share confidential information with others. As the benefits of remote work options increasingly pull the workforce out of the office, companies face risks from employees removing sensitive company documents from the secure confines of their offices and company databases. Because information removed from the safety of a corporate office or database is susceptible in many ways to being taken and misused by bad actors, it is important for in-house counsel to take steps to ensure their insider trading policies and training cover this area.
A Director at United Natural Foods (UNFI) is Buying Shares (Smarter Analyst)
Today, a Director at United Natural Foods (UNFI), Peter Roy, bought shares of UNFI for $75K. Following this transaction Peter Roy’s holding in the company was increased by 25.54% to a total of $349K.
The CHAIRMAN, PRESIDENT & C.E.O. of Ball Corp (NYSE: BLL) is Selling Shares (Analyst Ratings)
Today, the CHAIRMAN, PRESIDENT & C.E.O. of Ball Corp (BLL), John A. Hayes, sold shares of BLL for $695.5K. Following John A. Hayes’ last BLL Sell transaction on February 14, 2019, the stock climbed by 17.8%.
