Peregrine Semiconductor: Why I'm Buying... Before Someone Else Does
- Peregrine's current operating performance remains challenging due to its mobile division.
- But it remains uniquely positioned for future growth in SOI-based RF devices.
- The HPA division is a hidden gem - potentially worth more than the entire enterprise value (EV) at current prices.
- Balance sheet remains strong with net cash of ~$60 mm.
- Value of RF technology to the mobile market likely remains significant.