Seeking Alpha

Montage Technology rises after pricing IPO below range

  • After pricing its 7.1M-share IPO at $10, below a prior range of $12-$14, Montage Technology (MONT) opened at $10.10, but has since rallied to $12.69, good for a 26.9% gain. The analog/mixed-signal chipmaker currently has a market cap of $342M, or 4.4x 2012 sales.
  • Montage, whose chips are used in set-top boxes and server DRAM modules, had 1H revenue of $45.4M (+34% Y/Y), and net income of $1.6M. Set-top chip rivals include STMicroelectronics and RDA Microelectronics, and server chip rivals include Texas Instruments and IDT.
  • S-1, IPO preview
Comments (1)
  • Philip Marlowe
    , contributor
    Comments (1105) | Send Message
     
    I don't get it. RDA sells at 1.5x sales and has much lower P/E.
    26 Sep 2013, 01:18 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs