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Billionaire Buzz on Three Tech Stocks

December 11, 2013 | About:
Sally Jones

Sally Jones

49 followers
Nuance Communications Inc. is creating a buzz with voice recognition and language-smart technologies that can enhance productivity across a number of industries. The company reported financial results for its fourth quarter of fiscal 2013, ended Sept. 30, 2013, with revenue of $472.2 million (GAAP), up from $468.8 million in the same quarter of fiscal 2012. Also in the fourth quarter of fiscal 2013, the company reported a net loss of ($32.3) million (GAAP), translating as a loss of ($0.10) per share. In the same quarter a year ago, Nuance’s net income was $117.6 million, with earnings of $0.36 per diluted share. The company reported $93.5 million cash flow from operations in the reporting quarter, compared to cash flow a year ago at $141.5 million.

Here’s an update on NUAN, championed by Guru Carl Icahn, and two more technology stocks creating a billionaire buzz.

Nuance Communications Inc. (NUAN)

Down 37% over 12 months, Nuance Communications Inc., the mobile phone voice ad company, has a market cap of $4.43 billion; it trades with a P/B of 1.70.

The current share price is around $14.08. The company does not pay a dividend.

Nuance Communications Inc. provides digital voice and language-recognition technologies for businesses and consumers around the world. The company’s applications and services are geared to transforming the way people interact with devices and systems.

Guru Action: 10% owner, Carl Icahn is one of eight gurus holding NUAN as of the third quarter of 2013. Read about his real-time trade.

After his latest add of 0.37% as of Dec. 10, 2013, Icahn’s current shares are 59,154,623.

As of Sept. 30, 2013, Ray Dalio made a new buy of NUAN. He bought 32,638 shares at an average price of $19.11 per share, losing 26.3%.

Dalio has a long trading history with NUAN. He has sold out five times over a five-year history. Out of 13 quarters, he saw four quarters of gains in 2008 and 2009.

There is NUAN insider trading to report.

Track historical pricing, revenue and net income:

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SolarWinds Inc. (SWI)

Down 40% over 12 months, SolarWinds Inc. has a market cap of $2.5 billion; shares trade with a P/E of 28.20.

The current share price is $33.29. The company does not pay a dividend.

First incorporated in 1999, SolarWinds Inc. designs, develops, markets, sells and supports enterprise-class IT infrastructure management software. The company’s products include software tools and comprehensive software solutions that solve problems common to IT professionals.

Guru Action: In the third quarter of 2013, there were eight gurus holding SWI and active insider trading. Three gurus made new buys in the third quarter.

As of Sept. 30, 2013, top guru stakeholder Lee Ainslie increased his position by 68.97%, buying 2,911,971 shares at an average price of $39.11 per share, taking a loss of 14.9%.

In the same quarter, Jeremy Grantham sold out his holding of 5,200 shares after two losing quarters. He sold 5,200 shares at an average price of $39.11, for a loss of 14.9%.

Track historical pricing, revenue and net income:

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Volterra Semiconductor Corp. (VLTR)

Up 30% over 12 months, Volterra Semiconductor Corp. has a market cap of $575.49 million; shares trade with a P/E of 41.20.

The current share price is $22.97. The company does not pay a dividend.

Incorporated in 1996, Volterra Semiconductor Corp. designs, develops, and markets proprietary, high-performance analog and mixed-signal power management semiconductors for the computing, storage, networking, and consumer markets.

Guru Action: As of Sept. 30, 2013, three gurus hold VLTR and there is recent insider selling.

In the third quarter of 2013, Chuck Royce sold out his VLTR after three quarters of gains. He sold 1,161,920 shares at an average price of $18.84 for a gain of 21.9%.

In the same quarter, Mario Gabelli made a new buy of 417,900 shares at an average price of $18.84, for a gain of 21.9%.

Track historical 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: 2.3/5 (3 votes)

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