Everything we read about Peregrine Semiconductor (PSMI) tells us that Mr. Market does not quite understand the company's business. Some headlines say the company's products are in the latest iPhones from Apple (AAPL). Other headlines say that they aren't. And others say that its products are, but that the company is not a direct supplier, and instead supplies the modules that are then used in the iPhones.
Analysts appear to be just as confused. Over the past few months, the company has undergone a series of upgrades and downgrades from different analysts. Some have lowered their price targets, while others have raised them. We have chosen to eliminate all the noise and dive into...
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