Texas (September 17, 2013) Wax Ink has issued a Positive Investment Interest opinion for Entropic Communications (Nasdaq: ENTR) based on a recent baseline equity review which placed fair value between $16-$18.
The recent close of $4.37 is approximately 54% below the fair value buy target for the stock and approximately 78% below the fair value close target for the stock. The recent close is also 9% above analysts' twelve-month $4.00 median price target for the stock.
The recent close represents a 32% decrease in the one year price of the stock, while year-over-year sales increased 34%, year-over-year earnings decreased 28%, and year-over-year debt increased 0%.
The stock currently has a trailing twelve-month PE Ratio of 15, and a PEG Ratio of 1.0 basis estimated forward earnings growth of 15.5%.
In the past 52 weeks, share prices have moved between a high of $6.64 and a low of $3.57, placing equilibrium at $4.32.
With the recent close, the stock is trading 52% below the 52 week high, 18% above the 52 week low, and 1% above equilibrium.
The three-month average daily trading volume for the stock is approximately 767,000 shares.
Entropic Communications a fabless semiconductor company, designs, develops, and markets semiconductor solutions to enable home entertainment.
The company's listed competitors include Broadcom Corporation, Freescale Semiconductor,and LSI Corporation.
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012.
All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in any company mentioned in this alert.
For use by Accredited Investors as defined under Title 17, CFR §230.500, Regulation D.
Copyright © 2013 Wax Ink
Wax Ink is a baseline equity research company not licensed or registered with any government agency
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.