Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Another 'Is What It Is' Quarter From Microsemi

Because Microsemi (NASDAQ:MSCC) zigs where most other chip companies zag, it never really seems to fit in with the general sentiment on chips. That's a plus when chip stocks go into the tank, but it can be frustrating when there's relatively more optimism about the semiconductor space. Given Microsemi's position in timing/synchronization and its growing FPGA business, I'm content to continue holding these undervalued shares, but I acknowledge that the company's erratic progress on revenue growth and margins will frustrate many investors.

In-Line For The Fiscal Second Quarter

Microsemi basically did what it said it would in the fiscal second quarter. Revenue rose 22% yoy and 12% sequentially, helped both by the Symmetricom acquisition in late 2013 and...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details