Ashraf Eassa
Long/short equity, contrarian, independent research, tech

PLX Technology: Raising Price Target As Competitive Positioning And Execution Continue To Improve

PLX Technology (NASDAQ:PLXT) has been in the process of reinventing itself, and the most recent earnings call on 7/22 gave investors a glimpse into how things are progressing. By shedding the majority of its non-PCIe assets and positioning itself as the world leader in all things PCIe, it has emerged leaner and laser focused, and has been a veritable force in the PCIe space. With very little competition left, and with the financials in much better shape than they have been at any other point in the company's existence, this is a turnaround with legs. In light of a competitive environment that becomes easier, and in light of the fact that the company has now shown multiple quarters...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
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
PRO Top long ideas returned 21.7% in 2016**
"As a PRO member, we get uniquely valuable perspective that go beyond our quantiative analysis... We rely on PRO to get beyond the numbers quickly and add much needed perspective. It keeps me ahead of the next big thing. - Mark Choate, Malaga Cove Capital"
Mark Choate, Malaga Cove Capital
"Contributors (writers and commentators), often have a long history in the secuirities they opine on and some are clearly well positioned industry participants with detailed industry views that can help provide color on where the skeletons are buried in a particular secuirity and/or industry."
Jim Roumell, Roumell Asset 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