Weekly Guru Bargains Highlights: QLGC, CMG, CY, TEO, ALU

Author's Avatar
Oct 01, 2012
According to GuruFocus updates, these stocks have declined the most since Gurus bought.

QLogic Corporation (QLGC, Financial): Down 25% Since Joel Greenblatt Bought in the Quarter Ended on 2012-06-30

Joel Greenblatt added to his holdings in Computer Hardware company QLogic Corporation by 84.89% during the quarter ended 06/30/2012. His purchase prices were between $13.35 and $17.78, with an estimated average price of $15.2. Since then the prices of QLogic Corporation shares have declined by 25% from the estimated average. Joel Greenblatt owned 302,549 shares of as of 06/30/2012.

QLogic Corporation simplifies the process of networking storage for OEMs, resellers and system integrators with the only end-to-end infrastructure in the industry, consisting of award-winning controller chips, host bus adapters, network switches and management software to move data from the storage device through the fabric to the server. QLogic Corporation has a market cap of $1.08 billion; its shares were traded at around $11.42 with a P/E ratio of 10.67 and P/S ratio of 1.93. QLogic Corporation had an annual average earnings growth of 8.7% over the past 10 years. GuruFocus rated QLogic Corporation the business predictability rank of 3-star.

QLogic recently reported its first quarter fiscal 2013 financial results. Net revenue for the first quarter of fiscal 2013 was $130.4 million compared to $144.5 million in the same quarter last year.

John Rogers bought 11,284 shares in the quarter that ended on 06/30/2012, which is 0.0034% of the $4.5 billion portfolio of Ariel Capital Management. Joel Greenblatt owns 302,549 shares as of 06/30/2012, an increase of 84.89% from the previous quarter. This position accounts for 0.3% of the $1.36 billion portfolio of Gotham Capital.

Director George Wells sold 12,000 shares of QLGC stock on 09/10/2012 at the average price of $12.57. George Wells owns at least 23,628 shares after this. The price of the stock has decreased by 9.15% since. Other insiders have also decreased their positions in the company.

Chipotle Mexican Grill Inc. (CMG, Financial): Down 23% Since Steven Cohen Bought in the Quarter Ended on 2012-06-30

Steven Cohen added to his holdings in Restaurants & bars company Chipotle Mexican Grill Inc. by 348.68% during the quarter ended 06/30/2012. His purchase prices were between $373.58 and $438.3, with an estimated average price of $410.2. Since then the prices of Chipotle Mexican Grill Inc. shares have declined by 23% from the estimated average. Steven Cohen owned 13,052 shares of as of 06/30/2012.

Chipotle offers a focused menu of burritos, tacos, burrito bowls and salads made from fresh, high-quality raw ingredients, prepared using classic cooking methods and served in a distinctive atmosphere. Chipotle Mexican Grill Inc. has a market cap of $10.06 billion; its shares were traded at around $317.54 with a P/E ratio of 38.54 and P/S ratio of 4.43. Chipotle Mexican Grill Inc. had an annual average earnings growth of 33.2% over the past five years.

David Einhorn owns 50,000 shares as of 06/30/2012, which accounts for 0.3% of the $6.37 billion portfolio of Greenlight Capital.

Chipotle recently reported its second quarter 2012 financial results. Revenue for the quarter was $690.9 million, up 20.9% from the prior year period.

Co-CEO Montgomery F. Moran sold 11,348 shares of CMG stock on 04/10/2012 at the average price of $427.06. Montgomery F. Moran owns at least 133,837 shares after this. The price of the stock has decreased by 25.65% since. Other insiders have also decreased their positions in the company.

Cypress Semiconductor Corporation (CY, Financial): Down 23% Since Jim Simons Bought in the Quarter Ended on 2012-06-30

Jim Simons added to his holdings in Semiconductors company Cypress Semiconductor Corporation by 70.55% during the quarter ended 06/30/2012. His purchase prices were between $12.38 and $17.08, with an estimated average price of $13.85. Since then the prices of Cypress Semiconductor Corporation shares have declined by 23% from the estimated average. Jim Simons owned 2,179,600 shares of as of 06/30/2012.

Cypress Semiconductor Corporation designs, develops, manufactures andmarkets a broad line of high-performance digital and mixed-signal integrated circuits for a range of markets, including data communications, telecommunications, computers, and instrumentation systems. Cypress Semiconductor Corporation has a market cap of $1.59 billion; its shares were traded at around $10.71 with a P/E ratio of 25.49 and P/S ratio of 1.6. The dividend yield of Cypress Semiconductor Corporation stocks is 4.11%.

Mario Gabelli owns 399,500 shares as of 06/30/2012, which accounts for 0.04% of the $13.31 billion portfolio of GAMCO Investors. Ronald Muhlenkamp owns 334,052 shares as of 06/30/2012, which accounts for 1% of the $429 million portfolio of Muhlenkamp Fund. Richard Perry sold out his holdings in the quarter that ended on 06/30/2012.

Director J. Donald Sherman bought 9,000 shares of CY stock on 08/16/2012 at the average price of 11.98. J. Donald Sherman owns at least 59,647 shares after this. The price of the stock has decreased by 10.6% since.

Telecom Argentina S.A. (TEO, Financial): Down 26% Since Steven Cohen Bought In the Quarter Ended on 2012-06-30

Steven Cohen initiated holdings in Fixed Line Telecommunications company Telecom Argentina S.a. during the quarter ended 06/30/2012. His purchase prices were between $10.39 and $17.68, with an estimated average price of $13.5. Since then the prices of Telecom Argentina S.A. shares have declined by -26% from the estimated average. Steven Cohen owned 30,599 shares of as of 06/30/2012.

Telecom Argentina holds a license to provide basic telephone service and fixes telecommunications links in the northern region of the Argentine Republic. Telecom Argentina S.A. has a market cap of $1.97 billion; its shares were traded at around $10 with a P/E ratio of 3.63 and P/S ratio of 0.5. The dividend yield of Telecom Argentina S.A. stocks is 8.79%. Telecom Argentina S.A. had an annual average earnings growth of 11.5% over the past five years.

John Hussman owns 28,000 shares as of 06/30/2012, which accounts for 0.0062% of the $5.32 billion portfolio of Hussman Economtrics Advisors.

Alcatel Lucent SA (ALU, Financial): Down 34% Since John Burbank Bought in the Quarter Ended on 2012-06-30

John Burbank initiated holdings in Telecommunications Equipment company Alcatel Lucent SA during the quarter ended 06/30/2012. His purchase prices were between $1.45 and $2.37, with an estimated average price of $1.68. Since then the prices of Alcatel Lucent SA shares have declined by 34% from the estimated average. John Burbank owned 18,864,400 shares of as of 06/30/2012.

Alcatel builds next generation networks, delivering integrated end-to-end voice and data communications solutions to established and new carriers, as well as enterprises and consumers worldwide. Alcatel Lucent SA has a market cap of $2.56 billion; its shares were traded at around $1.1 with a P/E ratio of 6.88 and P/S ratio of 0.13.

Alcatel recently reported its second quarter 2012 financial results. Second quarter revenue increased 10.6% sequentially and decreased 7.1% year-over-year to Euro3,545 million.

John Burbank bought 18,864,400 shares in the quarter that ended on 06/30/2012, which is 1% of the $2.95 billion portfolio of Passport Capital. Charles Brandes sold out his holdings in the quarter that ended on 06/30/2012.