In the past week, there were several decreases in a few gurus’ portfolios. The following reductions represent the guru real time decreases occurring in the past week.
George Soros—Exar Corporation (EXAR)
In the past week, Guru George Soros of Soros Fund Management made two reductions of his holdings in Exar Corporation.
On May 30, Soros decreased his holdings in Exar 1.09%. He sold 69,105 shares at an average price range of $11.53 according to GuruFocus Real Time Picks. This brought in approximately $796,781 for the guru. Since this sell, shares are down 2%.
On May 31, Soros reduced his holdings in Exar by 0.07%. Soros sold an additional 4,104 shares of the company’s stock at an average price of $11.28 per share, bringing in $46,293 for the guru.
George Soros’ Holding History of Exar as of March 31, 2013:
George Soros still maintains 6,293,457 shares of Exar Corporation.
Exar Corp. designs, develops and markets high performance, analog mixed-signal integrated circuits and advanced sub-system solutions for the networking and storage, industrial and embedded systems and communications infrastructure markets. The company’s product portfolio includes power management and connectivity components, communications products, network security and storage optimization solutions.
The analysis on Exar reports the following:
· The revenue has been in decline for the past three years.
· The price is close to a 10-year high of $11.64.
· The operating margin has been in a 5-year decline. The average rate of decline per year is -61.8%.
· The company’s P/B ratio is at a 10-year high.
· The company’s P/S ratio is near a 5-year high of 4.42.
The Peter Lynch Valuation chart shows that Exar Corporation appears to be overvalued:
Recent Happenings at Exar:
On May 20, the company announced the hiring of Parviz Ghaffaripour as the company’s Senior VP of Connectivity and Power Management Products as well as the introduction of the company’s RS-485 transceivers for the industrial market.
In Exar’s fourth quarter fiscal year 2013 results the company reported revenue of $31.2 million, compared to $31.0 million in the prior quarter. Fourth quarter revenue increased 12% from $27.8 million in the same quarter a year ago. Non-GAAP net income of $4.8 million was up 18% versus $4.0 million in the prior quarter, an improvement of $9.4 million from a loss of $4.6 million in the same quarter a year ago. Non-GAAP earnings per fully diluted share were $0.10, compared to $0.09 in the prior quarter, an improvement of $0.20 compared to a loss of $0.10 in the same quarter a year ago.
Exar Corporation has a market cap of $517.3 million; its shares were traded at around $11.16 with a P/S ratio of 4.40.
Click here for the Holding History of other gurus.
Wilbur Ross—Assured Guaranty (AGO)
Wilbur Ross decreased his holdings in Assured Guaranty by -0.05% on May 31. He sold 5 million shares at an average price of $22.62 per share. Ross now owns 14,835,370 shares. The stock price has dropped 2% since this transaction.
Wilbur Ross currently holds 7.64% of shares outstanding.
The Company operates as a holding company, which through its operating subsidiaries provides credit enhancement products to the public finance, structured finance and mortgage markets. It operates through wholly owned subsidiaries including Assured Guaranty US Holdings, Assured Guaranty Re, and Assured Guaranty Finance Overseas.
The analysis on Assured Guaranty reports:
· The revenue has been in decline for the past three years.
· The operating margin has been in a 5-year decline. The average rate of decline per year is -19.6%.
· The price is nearing its 5-year high.
· The P/S ratio is close to a 1-year high of 3.96.
Assured Guaranty has a market cap of $4.32 billion; its shares were traded at around $21.97 with a P/E ratio of 9.50 and a P/S ratio of 3.70. The dividend yield of Assured Guaranty stocks is 1.70%. The company had an annual average earnings growth of 5% over the past five years.
Click here for the Holding History of other gurus.
Edward Lampert—Orchard Supply Hardware (OSH)
Edward Lampert sold 59,000 shares on May 29, representing a -27.14% decrease of his holdings on the company. Lampert sold the shares at an average price of $1.76 per share. The shares are currently trading up 74% from his average sell price. The guru reduced his holdings in Orchard five times throughout the month of May. Lampert still owns 158,399 shares of Orchard Supply.
Orchard Supply Hardware is a spin off from Sears Holding Company. The company is a California specialty retailer primarily focused on the consumer segment of the home improvement market. The company’s stores are designed to appeal to convenience-oriented customers, whose purchase occasions are largely driven by their home repair, maintenance and improvement needs throughout the home, garden and outdoor living areas.
The financials on Orchard Supply show that the company’s revenue has been in decline for the past four years. The company has also seen a sharp decline in net income.
Orchard Supply Hardware has a market cap of $19.2 million; its shares were traded around $2.61.
Look at the complete list of the gurus’ real time picks here.
If you haven’t signed up for a premium membership, try a free 7-day trial here.
George Soros—Exar Corporation (EXAR)
In the past week, Guru George Soros of Soros Fund Management made two reductions of his holdings in Exar Corporation.
On May 30, Soros decreased his holdings in Exar 1.09%. He sold 69,105 shares at an average price range of $11.53 according to GuruFocus Real Time Picks. This brought in approximately $796,781 for the guru. Since this sell, shares are down 2%.
On May 31, Soros reduced his holdings in Exar by 0.07%. Soros sold an additional 4,104 shares of the company’s stock at an average price of $11.28 per share, bringing in $46,293 for the guru.
George Soros’ Holding History of Exar as of March 31, 2013:
George Soros still maintains 6,293,457 shares of Exar Corporation.
Exar Corp. designs, develops and markets high performance, analog mixed-signal integrated circuits and advanced sub-system solutions for the networking and storage, industrial and embedded systems and communications infrastructure markets. The company’s product portfolio includes power management and connectivity components, communications products, network security and storage optimization solutions.
The analysis on Exar reports the following:
· The revenue has been in decline for the past three years.
· The price is close to a 10-year high of $11.64.
· The operating margin has been in a 5-year decline. The average rate of decline per year is -61.8%.
· The company’s P/B ratio is at a 10-year high.
· The company’s P/S ratio is near a 5-year high of 4.42.
The Peter Lynch Valuation chart shows that Exar Corporation appears to be overvalued:
Recent Happenings at Exar:
On May 20, the company announced the hiring of Parviz Ghaffaripour as the company’s Senior VP of Connectivity and Power Management Products as well as the introduction of the company’s RS-485 transceivers for the industrial market.
In Exar’s fourth quarter fiscal year 2013 results the company reported revenue of $31.2 million, compared to $31.0 million in the prior quarter. Fourth quarter revenue increased 12% from $27.8 million in the same quarter a year ago. Non-GAAP net income of $4.8 million was up 18% versus $4.0 million in the prior quarter, an improvement of $9.4 million from a loss of $4.6 million in the same quarter a year ago. Non-GAAP earnings per fully diluted share were $0.10, compared to $0.09 in the prior quarter, an improvement of $0.20 compared to a loss of $0.10 in the same quarter a year ago.
Exar Corporation has a market cap of $517.3 million; its shares were traded at around $11.16 with a P/S ratio of 4.40.
Click here for the Holding History of other gurus.
Wilbur Ross—Assured Guaranty (AGO)
Wilbur Ross decreased his holdings in Assured Guaranty by -0.05% on May 31. He sold 5 million shares at an average price of $22.62 per share. Ross now owns 14,835,370 shares. The stock price has dropped 2% since this transaction.
Wilbur Ross currently holds 7.64% of shares outstanding.
The Company operates as a holding company, which through its operating subsidiaries provides credit enhancement products to the public finance, structured finance and mortgage markets. It operates through wholly owned subsidiaries including Assured Guaranty US Holdings, Assured Guaranty Re, and Assured Guaranty Finance Overseas.
The analysis on Assured Guaranty reports:
· The revenue has been in decline for the past three years.
· The operating margin has been in a 5-year decline. The average rate of decline per year is -19.6%.
· The price is nearing its 5-year high.
· The P/S ratio is close to a 1-year high of 3.96.
Assured Guaranty has a market cap of $4.32 billion; its shares were traded at around $21.97 with a P/E ratio of 9.50 and a P/S ratio of 3.70. The dividend yield of Assured Guaranty stocks is 1.70%. The company had an annual average earnings growth of 5% over the past five years.
Click here for the Holding History of other gurus.
Edward Lampert—Orchard Supply Hardware (OSH)
Edward Lampert sold 59,000 shares on May 29, representing a -27.14% decrease of his holdings on the company. Lampert sold the shares at an average price of $1.76 per share. The shares are currently trading up 74% from his average sell price. The guru reduced his holdings in Orchard five times throughout the month of May. Lampert still owns 158,399 shares of Orchard Supply.
Orchard Supply Hardware is a spin off from Sears Holding Company. The company is a California specialty retailer primarily focused on the consumer segment of the home improvement market. The company’s stores are designed to appeal to convenience-oriented customers, whose purchase occasions are largely driven by their home repair, maintenance and improvement needs throughout the home, garden and outdoor living areas.
The financials on Orchard Supply show that the company’s revenue has been in decline for the past four years. The company has also seen a sharp decline in net income.
Orchard Supply Hardware has a market cap of $19.2 million; its shares were traded around $2.61.
Look at the complete list of the gurus’ real time picks here.
If you haven’t signed up for a premium membership, try a free 7-day trial here.
