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Weekly Guru Bargains Highlights: NBR, ROVI, QSII, ATML, FDML

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

Nabors Ind (NBR): Down 27% Since Paul Tudor Jones Bought In the Quarter Ended on 2012-03-31

Paul Tudor Jones added to his holdings in Oil Equipment & Services company Nabors Ind by 58.06% during the quarter ended 03/31/2012. His purchase prices were between $16.65 and $22.31, with an estimated average price of $18.14. Since then the prices of Nabors Ind shares have declined by -27% from the estimated average. Paul Tudor Jones owned 34,300 shares of as of 03/31/2012.

Nabors Industries, Inc. is one of the largest land drilling contractors. Nabors Ind has a market cap of $3.8 billion; its shares were traded at around $13.19 with a P/E ratio of 7.8 and P/S ratio of 0.6. Nabors Ind had an annual average earnings growth of 7.6% over the past 10 years.

NBR recently reported its financial results for the first quarter of 2012. Adjusted income derived from operating activities was $321.2 million, compared to $207.6 million in the first quarter of 2011 and $272.7 million in the quarter ended December 31, 2011.

David Dreman owns 223,564 shares as of 03/31/2012, which accounts for 0.082% of the $4.79 billion portfolio of Dreman Value Management. Chris Davis owns 679,720 shares as of 03/31/2012, which accounts for 0.025% of the $0 million portfolio of Davis Selected Advisers. Martin Whitman owns 2,190,000 shares as of 10/31/2011, which accounts for 1.23% of the $3.26 billion portfolio of Third Avenue Value Fund.

Director James R Crane bought 58,000 shares of NBR stock on 05/01/2012 at the average price of 17.34. James R Crane owns at least 82,000 shares after this. The price of the stock has decreased by 23.93% since.

Rovi Corp (ROVI): Down 32% Since Larry Robbins Bought In the Quarter Ended on 2012-03-31

Larry Robbins initiated holdings in Software company Rovi Corp during the quarter ended 03/31/2012. His purchase prices were between $24.22 and $36.06, with an estimated average price of $30.25. Since then the prices of Rovi Corp shares have declined by -32% from the estimated average. Larry Robbins owned 711,000 shares of as of 03/31/2012.

Rovi Corp, formerly Macrovision Solutions Corporation, provides a set of solutions that enable businesses to protect, enable and distribute their digital goods to consumers and allows consumers the ability to discover and manage digital media across multiple channels. Rovi Corp has a market cap of $2.35 billion; its shares were traded at around $20.55 with a P/E ratio of 14.5 and P/S ratio of 3.4. Rovi Corp had an annual average earnings growth of 6.1% over the past 10 years. GuruFocus rated Rovi Corp the business predictability rank of 2.5-star.

Rovi Corporation recently reported first quarter 2012 revenues of $175.0 million, compared to $152.7 million for the first quarter of 2011. "I am pleased with the successes achieved across our business in the first quarter," said Tom Carson, President and CEO of Rovi. "We added and renewed some very important licensing agreements that we believe bode well for Rovi's future."

Jean-Marie Eveillard owns 184 shares as of 03/31/2012, which accounts for less than 0.01% of the $25.09 billion portfolio of First Eagle Investment Management, LLC. PRIMECAP Management owns 170,000 shares as of 03/31/2012, which accounts for 0.0082% of the $67.24 billion portfolio of PRIMECAP Management.

President & CEO Tom Carson sold 7,325 shares of ROVI stock on 03/05/2012 at the average price of 35.07. Tom Carson owns at least 137,160 shares after this. The price of the stock has decreased by 41.4% since. Other insiders have also decreased their positions in the company.

Quality Sys (QSII): Down 32% Since Joel Greenblatt Bought In the Quarter Ended on 2012-03-31

Joel Greenblatt initiated holdings in Software company Quality Sys during the quarter ended 03/31/2012. His purchase prices were between $36.27 and $45, with an estimated average price of $39.23. Since then the prices of Quality Sys shares have declined by -32% from the estimated average. Joel Greenblatt owned 4,585 shares of as of 03/31/2012.

Quality Systems, Inc. is one of the developers and providers of computer-based practice management systems for medical and dental group practices. Quality Sys has a market cap of $1.62 billion; its shares were traded at around $26.85 with a P/E ratio of 21.1 and P/S ratio of 3.8. The dividend yield of Quality Sys stocks is 2.6%. Quality Sys had an annual average earnings growth of 25.8% over the past 10 years. GuruFocus rated Quality Sys the business predictability rank of 4-star.

Quality Systems recently reported revenues of $429.8 million for the fiscal year ended March 31, 2012, an increase of 22% compared to $353.4 million for the fiscal year ended March 31, 2011. Net income for fiscal 2012 was $75.7 million, a 23% increase versus net income of $61.6 million for the year ago period. Fully diluted earnings per share for the fiscal year ended 2012 was $1.28, a 21% increase from $1.06 for fiscal 2011.

Joel Greenblatt bought 4,585 shares in the quarter that ended on 03/31/2012, which is 0.017% of the $1.15 billion portfolio of Gotham Capital.

CEO Steven T Plochocki sold 88,500 shares of QSII stock on 02/24/2012 at the average price of 43.99. Steven T Plochocki owns at least 8,000 shares after this. The price of the stock has decreased by 38.96% since. Other insiders, including the CFO of Quality Systems, have also decreased their positions in the company.

Atmel Corp (ATML): Down 28% Since Richard Perry Bought In the Quarter Ended on 2012-03-31

Richard Perry initiated holdings in Semiconductors company Atmel Corp during the quarter ended 03/31/2012. His purchase prices were between $8.26 and $10.73, with an estimated average price of $9.13. Since then the prices of Atmel Corp shares have declined by -28% from the estimated average. Richard Perry owned 59,400 shares of as of 03/31/2012.

Atmel Corporation is a global semiconductor company that designs, develops, manufactures and sells a wide range of highly integrated semiconductor integrated circuit products. Atmel Corp has a market cap of $3.1 billion; its shares were traded at around $6.59 with a P/E ratio of 12.9 and P/S ratio of 1.7.

Atmel reported its first quarter 2012 financial results on May 2nd, 2012. Revenue for the first quarter of 2012 was $357.8 million, a 7% decrease compared to $383.6 million for the fourth quarter of 2011, and 22% lower compared to$461.4 million for the first quarter of 2011. GAAP net income totaled $20.4 million or $0.05 per diluted share for the first quarter of 2012.

Richard Perry bought 59,400 shares in the quarter that ended on 03/31/2012, which is 0.028% of the $2.08 billion portfolio of Perry Capital. Robert Olstein sold out his holdings in the quarter that ended on 03/31/2012.

EVP & COO Walter Lifsey sold 32,955 shares of ATML stock on 03/02/2012 at the average price of 10.34. Walter Lifsey owns at least 620,290 shares after this. The price of the stock has decreased by 36.27% since. Other insider shave also decreased their positions in the company.

Federal Mogul-A (FDML): Down 30% Since Jim Simons Bought In the Quarter Ended on 2012-03-31

Jim Simons added to his holdings in Auto Parts company Federal Mogul-a by 33.16% during the quarter ended 03/31/2012. His purchase prices were between $15.22 and $17.81, with an estimated average price of $15.94. Since then the prices of Federal Mogul-A shares have declined by -30% from the estimated average. Jim Simons owned 76,700 shares of as of 03/31/2012.

FEDERAL MOGUL CORPORATION is a global supplier of powertrain, chassis and safety technologies, serving the world's foremost original equipment manufacturers of automotive, light commercial, heavy-duty, agricultural, marine, rail, off-road and industrial vehicles, as well as the worldwide aftermarket. Federal Mogul-a has a market cap of $1.04 billion; its shares were traded at around $11.17 with a P/E ratio of 5.8 and P/S ratio of 0.2.

FDML recently announced first quarter 2012 financial results, including record Q1 original equipment sales. Total sales were $1.8 billion, up 2% versus Q1 2011 reflecting 5% growth in constant dollars, partially offset 3% by weakness of international currencies, primarily the euro, against the U.S. dollar.

Carl Icahn owns 76,385,255 shares as of 03/31/2012, which accounts for 13.4% of the $9.78 billion portfolio of Icahn Capital Management LP. Mario Gabelli owns 1,979,031 shares as of 03/31/2012, which accounts for 0.24% of the $13.95 billion portfolio of GAMCO Investors.


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