LONDON (ShareCast) - Michael Ruettgers, chairman of the semiconductor supplier Wolfson Microelectronics, has pocketed nearly £190,000 from the sale of shares.

He offloaded 120,683 shares at 155.4p a pop, and now has 479,317.

Wolfson, whose chips are used in smartphones and tablet computers, issued two profit warnings last month, sending the share price sharply lower.

It said many of its customers have reduced their near term forecasts amid weak consumer demand. Wolfson’s customers include Blackberry maker Research in Motion, Korean television maker LG and the US computer giant Hewlett-Packard.

Ruettgers joined Wolfson as chairman in 2008. He also sits on the board of US defence and aerospace group Raytheon.

Top Director Buys

EnQuest (ENQ)
Director name: Mr Amjad Bseisu
Amount purchased: 2,056,402 @ 109.60p
Value: £2,253,817

Energy XXI (Bermuda) (Di) (EXXI)
Director name: Mr John Daniel Schiller Jr
Amount purchased: 5,000 @ $24.00
Value: $120,000

Invensys (ISYS)
Director name: Mr Wayne Edmunds
Amount purchased: 25,000 @ 243.75p
Value: £60,938

Banco Santander SA (BNC)
Director name: Mr Francisco Luzon Lopez
Amount purchased: 8,265 @ 529.68p
Value: £43,778

SEGRO (SGRO)
Director name: Mr David J R Sleath
Amount purchased: 20,000 @ 248.60p
Value: £49,720

Energy XXI (Bermuda) (Di) (EXXI)
Director name: Mr John Daniel Schiller Jr
Amount purchased: 2,000 @ $24.04
Value: $48,090

F&C Asset Management (FCAM)
Director name: Mr Edward Bramson
Amount purchased: 51,541 @ 67.66p
Value: £34,873

SEGRO (SGRO)
Director name: Mr Nigel Rich
Amount purchased: 13,500 @ 249.70p
Value: £33,710

Energy XXI (Bermuda) (Di) (EXXI)
Director name: Mr John Daniel Schiller Jr
Amount purchased: 1,000 @ $24.05
Value: $24,053

Energy XXI (Bermuda) (Di) (EXXI)
Director name: Mr John Daniel Schiller Jr
Amount purchased: 1,000 @ $24.05
Value: $24,053


Top Director Sells

Wolfson Microelectronics (WLF)
Director name: Mr Michael Ruettgers
Amount sold: 120,683 @ 155.44p
Value: £187,590

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