Tuesday, March 24, 2015

Seeking Alpha: More Of The Same From Microsemi ... And That's Just Fine

As chip companies go, Microsemi (NASDAQ:MSCC) generally flies under the radar while executing on a fairly predictable list of corporate priorities. Between last week's analyst day and the not-so-surprising announcement of another acquisition, management has showed yet again that it's sticking with a script that has served the company relatively well.

I believe that the arrow is still pointing up for this company and this stock. Management spoke of improving backlogs in defense, communications, and satellites and reiterated its goal of 60% gross margin and 30% operating margin by the end of fiscal 2016. Adding in the contributions of Vitesse (NASDAQ:VTSS), the shares are still modestly undervalued and if management is able to drive better synergy from this deal (particularly in terms of product development/growth), addition upside is still in play.

Read the full article here:
More Of The Same From Microsemi ... And That's Just Fine

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