Stephen Rosenman
Long/short equity, deep value, special situations

Peregrine Semiconductor: Heed Management's Warnings Of Further Market Share Loss

In any industry, there are winners and losers. Last year, I correctly identified Skyworks Solutions (NASDAQ:SWKS) and TriQuint Semiconductor (TQNT) as winners in the smartphone component space. Each has climbed since my review - SWKS is up 130%, and TQNT is up 145%. I also accurately fingered Anadigics (NASDAQ:ANAD) as an ongoing disaster: The stock has tumbled 70% since my negative appraisal, and looks like it is circling the drain.

This article will review Peregrine Semiconductor (NASDAQ:PSMI), an RF solutions designer for smartphones and industrial uses. Since going public in 2012, there have been 7 focus articles on Peregrine - all with a favorable slant. I have a different take. It is my contention...

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