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Gurus Hold Three Electronics Stocks on a Low

December 10, 2013 | About:
Sally Jones

Sally Jones

49 followers
The GuruFocus 52-week low screener reveals that the U.S. computer hardware sector currently has 27 out of 245 companies on a 52-week low. The low ratio is 0.11. The three stocks featured here are electronic companies, highlighted to show billionaire investors, look for insiders, and uncover possible deep value as the companies weather a 52-week low.

First up is Aeroflex Holding Corp. (ARX), a global provider of high performance microelectronic components, and test and measurement equipment. The company reported financial results for the first quarter of fiscal 2014, ended September 30, 2013, with net sales of $132.7 million, down from $137.6 million in the same quarter of fiscal 2013. Net income was $10.5 million for the recent quarter, up from a loss of $(14.1) million in the previous fiscal year. Aeroflex reported an operating loss of $(37,000), as well as a $(4.0) million loss from continuing operations for the recent reporting quarter. In the same quarter a year ago, Aeroflex had an operating loss of $(6.0) million and a loss from continuing operations of $(14.5) million.

In September, the company sold the net assets of a division of its U.K. subsidiary, Aeroflex Limited. Aeroflex Test Equipment Services was sold to Trescal Limited, an international calibration specialist, for $18.4 million, according to a company press release.

Highlight: Aeroflex Holding Corp. (ARX)

The ARX share price is around $6.51 or 29.6% off the 52-week high of $9.25. The company does not pay a dividend.

Down 4% over 12 months, Aeroflex Holding Corp. has a market cap of $549.6 million and is traded at a P/B of 2.30.

Aeroflex Holding Corp. is a provider of radio frequency and microwave integrated circuits, components and systems used in the design, development and maintenance of technically demanding, high-performance wireless communication systems. The company’s technology solutions include microelectronic components and test and measurement equipment used by companies in a wide range of markets including commercial wireless communications, space, avionics and defense, medical and other applications.

Guru Action: Three gurus hold ARX shares as of the third quarter of 2013.

No insider trades for 2013 were found.

As of Sept. 30, 2013, Alan Fournier is the top guru stakeholder, holding 3,519,689 shares or 4.14% of shares outstanding, after reducing his position by 14.77%. In the third quarter of 2013, he sold 609,819 shares at an average price of $7.57 per share, taking a loss of 14%.

Over 10 quarters, nine of them showing losses, Fournier averaged a loss of 37% on 4,717,291 shares bought at an average price of $10.31. He took a loss of 14% on 1,197,602 shares sold at an average price of $7.61 per share.

Tracking historical share price, revenue and net income:

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Highlight: Universal Security Instruments Inc. (UUU)

The UUU share price is around $4.44 or 24.7% off the 52-week high of $5.90. The company does not pay a dividend.

Up 6% over 12 months, Universal Security Instruments Inc. has a market cap of $10.2 million and is traded at a P/B of 0.40.

Incorporated in 1969, Universal Security Instruments Inc. designs and markets safety products consisting of smoke alarms, carbon monoxide alarms and related products. The company also markets products to the electrical distribution trade, including electrical and lighting distributors as well as manufactured housing companies.

Guru Action: One guru holds UUU shares as of the third quarter of 2013.

There is no recent insider trading found.

As of Sept. 30, 2013, Jim Simons is the sole guru stakeholder, holding 10,100 shares or 0.44% of shares outstanding. He reduced his position by 5.61% in the third quarter, selling 600 shares at an average price of $4.99 per share, and taking a loss of 11%.

Over a five-year trading history of mostly losses, Simons has sold out three times.

Tracking historical share price, revenue and net income:

1386628878237.png

Highlight: OSI Systems Inc. (OSIS)

The OSIS share price is around $47.38 or 39.6% off the 52-week high of $78.50. The company does not pay a dividend.

Down 21% over 12 months, OSI Systems Inc. has a market cap of $950.2 million and is traded at a P/E of 22.10 and a P/B of 1.90.

Originally incorporated in 1987, OSI Systems Inc. is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The company sells its products in diversified markets, including homeland security, healthcare, defense and aerospace. OSI designs, develops, manufactures and sells products ranging from complex security and inspection systems to medical monitoring and anesthesia systems to discrete optoelectronic devices and value-added subsystems.

Guru Action: Two gurus hold OSIS shares as of the third quarter of 2013 and there is recent insider selling.

As of Sept. 30, 2013, Ken Fisher is the top guru stakeholder, holding 106,010 shares or 0.53% of shares outstanding.

As of the third quarter, he took a loss of 33% on 106,010 shares at an average price of $71 per share.

Over 10 quarters of mixed results, Ken Fisher has averaged a gain of 49% on 126,685 shares bought at an average price of $31.76 per share. Selling, he took a loss of 24% on 20,675 shares at an average price of $62.07 per share.

Tracking historical share price, revenue and net income:

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GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

Check out the GuruFocus special feature 52-week low screener to find the stocks hitting new lows but are still held by top investor Gurus and Insiders.

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: 2.3/5 (4 votes)

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