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Below are companies that have recently had large insider buying in excess of $2,000,000 worth of stock. As a caveat, please only consider this as a starting point in your investment research as these are only the opinions of this blogger:

Philip Morris International (NYSE:PM) is a tobacco giant with a presence in approximately 180 countries and a market capitalization in excess of $140 billion. Having many well-known brand names, such as Marlboro and Virginia Slims, gives the company strong brand value and comparatively strong operating margins at approximately 45%. Board director Graham Mackay obviously is real bullish on the company boosting his ownership stake by more than 1000% on August 5th buying 123,500 shares at $89.15 per share. Buying more than $11 million worth of stock should grab one's attention and looking closer we see the company has some interesting fundamentals. The stock pays a consistently growing 3.8% dividend, which is almost double the 2.1% average S&P 500 stock yield, making it attractive from a dividend standpoint. Moreover, at a relatively low 66% payout ratio, investors can expect that will continue to be raised in the near future. As the global economy continues to slowly improve and consumers' disposable income rises, Philip Morris International will be a beneficiary. Consensus analyst estimates seem to agree expecting 10% earnings growth per annum over the next five years. Therefore, while I'm not a fan of smoking, Philip Morris International stock is worth a look from an investor's standpoint as the dividend looks secure, solid earnings growth looks to be on the horizon, and at least one insider is putting a considerable amount of money and trust into the stock.

PMC-Sierra (NASDAQ:PMCS) is a diversified semiconductor firm engaged primarily in storage, optical, and mobile networks. The company has a sizeable annual revenue base in excess of $510 million the past twelve months and a current market capitalization at approximately $1.3 billion. The company in late July reported somewhat disappointing earnings which caused the stock to take an approximate 5% hit. Major shareholder Relational Investors seems to clearly think this is a strong buying opportunity scooping up 324,436 shares on August 1 at $6.60, equating to a sizeable $2.1 million worth of stock. Looking closer at the company, we see it has a great, debt-free balance sheet with well over $100 million in net cash or roughly 10% of the company's market capitalization. While the company continues to lose a substantial amount of money on a net income basis, the company this past year still generated $40 million in free cash flow which is encouraging. As mobile phone usage continues to expand worldwide, PMC Sierra's "Winpath" processors should be a beneficiary as consensus analyst estimates are expecting 10% per annum growth over the next five years to reflect that. I think with this massive insider purchase, debt-free balance sheet, and potentially strong demand for its mobile products, PMC is worth a look. If one is looking to diversify this holding with another semiconductor company, LSI Logic (NASDAQ:LSI) may fit the billing.

LSI Logic, like PMC-Sierra, is a semiconductor company focused predominately on networking semiconductors and communications. The company also has a pristine, debt-free balance sheet with over $650 million in net cash which is encouraging. Moreover, the company is actually profitable on a net income basis making just over $105 million the last twelve months and approximately $250 million this past year in free cash flow which are both encouraging. Consensus analyst estimates are expecting a healthy 12% per annum growth the next five years which should further bode well for the stock price.

Diversified mining company Freeport-McMoran (NYSE:FCX) is involved with the exploration and mining of a variety of resources including copper, gold, cobalt, and silver. This juggernaut the past twelve months churned approximately $18 billion in revenue and sports a massive $30 billion market capitalization. The stock price has been badly underperforming the market the past year though as it currently sits roughly 10% lower year to date while the broader market averages are up approximately 20%. Board director Gerald Ford clearly sees value though initiating a stock position by acquiring an impressive 1,000,000 shares collectively on August 1-2 equating to over $29 million worth of stock. This certainly is an unusually large buy and looking closer at the fundamentals, one can see some good reasons. The company currently trades at a relatively cheap 11x trailing and 10x forward P/E indicating strong value from an earnings standpoint. As a dividend play, the company sports a very nice 4.3% yield, which is more than double the 2.1% average S&P 500 stock yield, making it attractive from that regard as well. Add in its very healthy 15.8% returns on equity the past twelve months and I think Freeport should serve investors well over the long-term.

Source: Insider Report: Will These 4 Stocks Deliver Strong Returns?