Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer. Yesterday, May 19, 2015, 105 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $1,088.06 to $96,569,200.00. Highlighted Stocks Traded by Insiders: Newport (NEWP) - FREE Research Report Allen David J, who is SVP & GM, Lasers Group at Newport, sold 6,500 shares at $19.27 on May 19, 2015. Following this transaction, the SVP & GM, Lasers Group owned 58,503 shares meaning that the stake was reduced by 10% with the 6,500-share transaction. The shares most recently traded at $19.07, down $0.20, or 1.06% since the insider transaction. Historical insider transactions for Newport go as follows:
4-Week # shares sold: 5,000
12-Week # shares sold: 5,000
24-Week # shares sold: 21,250
The average volume for Newport has been 145,300 shares per day over the past 30 days. Newport has a market cap of $772.6 million and is part of the technology sector and electronics industry. Shares are unchanged year-to-date as of the close of trading on Tuesday. Newport Corporation, together with its subsidiaries, provides technology products and systems for scientific research, microelectronics, defense and security, life and health sciences, and industrial markets worldwide. The company operates in three groups: Photonics, Lasers, and Optics. The company has a P/E ratio of 21.8. Currently, there are 4 analysts who rate Newport a buy, no analysts rate it a sell, and none rate it a hold. Exclusive Offer: Get the latest Stock Analysis on NEWP - FREETheStreet Quant Ratings rates Newport as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year, growth in earnings per share and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow. Get the full Newport Ratings Report from TheStreet Quant Ratings now. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.