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

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According to GuruFocus updates , these stocks have declined the most since Gurus bought.

QLogic Corporation ( QLGC ): 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 ): 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 ): 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 ): 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 ): 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.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing

Referenced Stocks: ALU , CMG , CY , QLGC , TEO

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