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Billionaires Hold Data Storage Companies on 52-week Low

October 26, 2013 | About:
Sally Jones

Sally Jones

49 followers
Factoring in all of the stocks in the U.S., Canada, Europe, UK, Ireland, Asia and Oceania, GuruFocus research shows the most challenged industry sector worldwide is computer hardware, now number one in the world for the most companies on a 52-week-low. Based on 1,802 computer hardware companies around the world, the global sector shows 242 companies are at a 52-week low, with a low ratio for the industry of 0.13.

This week the U.S. computer hardware sector lists 26 stocks on a 52-week low out of 244 companies, only a fraction of companies worldwide. The low ratio is 0.11. Pulling from that sector, here’s a look at two billionaire-held data storage companies and a printed circuit board manufacturer, all on a 52-week low.

U.S. Industry Sector: Computer Hardware

Highlight: Fusion-io Inc. (FIO)

The current FIO share price is $9.54, or 64.0% off the 52-week high of $26.50.

Down 60% over 12 months, Fusion-io Inc. has a market cap of $976.12 million, and trades at a P/B of 1.80. The company does not pay a dividend.

First incorporated in 2005, Fusion-io Inc. is a provider of data-centric computing solutions, using a combination of hardware and software that results in improved performance and efficiency. The company's integrated solutions leverage non-volatile memory to significantly increase datacenter efficiency and offer enterprise grade performance, reliability, availability and manageability. The company sells products and services through its global direct sales force, OEMs including Dell, HP and IBM, and other channel partners.

Guru Action: The top guru stakeholder is Manning & Napier Advisors Inc. as of Sept 30, 2013, when the firm reduced its position by 8.69%, selling 12,340 shares at an average price of $13.18 for a loss of 27.6%.

The firm holds 129,670 shares or 0.13% of shares outstanding.

Over a five-quarter history, Manning & Napier Advisors Inc. has averaged a loss of 59% on 142,010 shares bought at an average price of $23.46 per share. The firm has lost 28% on selling 12,340 shares at an average price of $13.18 per share.

Check out a number of guru stakeholders and very active insider selling.

Historical share pricing, revenue and net income:

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Highlight: OCZ Technology Group Inc. (OCZ)

The current OCZ share price is $1.11, or 59.9% off the 52-week high of $2.77.

Down 18% over 12 months, OCZ Technology Group Inc. has a market cap of $75.71 million, and trades at a P/S of 0.29. The company does not pay a dividend.

Formed in 2002, OCZ Technology Group Inc. is a provider of high-performance solid state drives and memory modules for computing devices and systems. The company develops flexible and customizable component solutions quickly and efficiently to meet the ever changing market needs and provide superior customer service.

Guru Action: The top guru stakeholder is Pioneer Investments as of June 30, 2013, with 824,837 shares.

In seven quarters of trading, the firm averaged a loss of 86% on 3,326,558 shares at an average price of $7.82 per share. The firm has averaged a loss of 79% on 2,501,721 shares sold at an average price of $5.39 per share. Pioneer Investments is one of two guru stakeholders. There is no recent insider trading to report.

Historical share pricing, revenue and net income:

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Highlight: Multi-Fineline Electronix Inc. (MFLX)

The current MFLX share price is $13.66, or 40.3% off the 52-week high of $22.88.

Down 35% over 12 months, Multi-Fineline Electronix Inc. has a market cap of $328.28 million, and trades at a P/B of 0.90. The company does not pay a dividend.

First incorporated in 1984, Multi-Fineline Electronix Inc. is engaged in the engineering, design and manufacture of flexible printed circuit boards along with related component assemblies. With facilities in California, China, Malaysia, England and Singapore, the company offers a global service and support base.

Guru Action: The top guru stakeholder is Jim Simons as of June 30, 2013. He holds 125,700 shares or 0.52% of shares outstanding. In the second quarter of 2013, he increased his position by 0.4% when he bought 500 shares at an average price of $15.29 per share. Over a five-year history, he has averaged a loss of 46% on 347,489 shares bought at an average price of $25.40 per share. Selling, Simons has also averaged a loss of 41% on 221,789 shares bought at an average price of $23.14 per share.

Jim Simons is one of four guru stakeholders. There is no recent insider trading to report.

Historical share pricing, revenue and net income:

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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 3.3/5 (3 votes)

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