NI Technology Updates Outlooks for Marvell Technology Group, PMC-Sierra, Qualcomm, QLogic, and Silicon Laboratories
16 Apr, 2012, 08:00 ET
PRINCETON, N.J., April 16, 2012 /PRNewswire/ -- Next Inning Technology Research (http://www.nextinning.com), an online investment newsletter focused on semiconductor and technology stocks, has published updated outlooks for Marvell Technology Group (Nasdaq: MRVL), PMC-Sierra (Nasdaq: PMCS), Qualcomm (Nasdaq: QCOM), QLogic (Nasdaq: QLGC), and Silicon Laboratories (Nasdaq: SLAB).
Editor Paul McWilliams spent a decades-long career in the technology industry, and has earned a reputation for his skill at communicating complex technology trends to individual investors and professional analysts alike. His reports have won over readers with their ability to unravel the complexities of the industry and, more importantly, identify which companies are likely to be the winners and losers as technology trends change.
Next Inning is now publishing its highly acclaimed, multi-part State of Tech Report covering the technology sector from semiconductor wafer fabrication through finished goods and representing nearly a trillion dollars in annual revenue. This breadth provides investors with unique visibility across an array of sectors and for years this quarterly report has given Next Inning subscribers the opportunity to find hidden gems before they are discovered by Wall Street.
The latest 40-page installment of the State of Tech report covers semiconductor companies that power the broadband connectivity behind the mobile computing boom. Out of the nine stocks covered in the Specialty Semiconductor State of Tech, only one closed on April 12th down from where it started the year. It is the only stock out of the nine that McWilliams said investors should avoid buying in his December 30th, 2011 installment of the report. Only two of the stocks were listed as good strategic investments. Those two stocks have delivered an average year-to-date return of 41%; more than double the 19% average for the entire group. The latest update to this report includes McWilliams' critical insights on which stocks will be the big winners over the next several months.
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McWilliams covers these topics and more in his latest reports:
- What factors does McWilliams expect will come together for Marvell in 2012? Where does Marvell stand in the emerging market for low-cost smartphones in China? What companies are its main competitors? What distinguishes the unique requirements for China Mobile's 600 million customers and why does Marvell have a substantial advantage in addressing their needs? Is Wall Street underestimating Marvell's upside potential? What is McWilliams' fair value range for Marvell and how much upside does it represent?
- What four factors have weighed on PMC-Sierra's growth? Is PMC-Sierra poised to overcome these concerns? What does McWilliams think will drive growth as PMC-Sierra in 2012 and when does he expect that growth trend to build traction? What does McWilliams make of rumors that PMC-Sierra may be an acquisition target? Does an in depth valuation analysis suggest that PMC-Sierra shares could be worth more than double the current price in 2012?
- McWilliams suggested buying QLogic last fall when it was trading in the $12s and again in December when it pushed into the mid-teens. Now that the company has sold its InfiniBand product line to Intel, does McWilliams think QLogic is a better investment than it was before the sale, or is it a stock investors should sell? Does an in-depth analysis of QLogic's balance sheet value and growth trajectory suggest the stock is still trading at a bargain basement price?
- What six factors will continue to work in Qualcomm's favor going forward? When evaluating Qualcomm's balance sheet, what unique factors do investors have to consider? After nearly a decade of presenting Qualcomm as a "swing-trade" stock, what caused McWilliams to flip to a long-term buy and hold view early in 2010 when Qualcomm dipped into the $30s? Why did he state with total confidence last year that Qualcomm was set to break resistance at $60? How much higher does McWilliams think Qualcomm can move from its current price in the mid-$60s before realizing a full valuation?
- When Silicon Labs was peaking in the mid-$40s in 2010, McWilliams warned Next Inning readers the company would lose positioning in the FM receiver business for smartphones and in the modem business for set-top-boxes. Silicon Labs admitted defeat in both markets during 2011. In his December 30, 2011 State of Tech report, McWilliams pulled no punches when stating Silicon Labs was trading above its full valuation. Due to this view, he suggested avoiding the stock and told investors already holding shares that it was time to hedge downside risks by selling covered calls at or slightly below the money. With those short call positions now sitting at a substantial profit, does McWilliams think it is time to buy cover or let them ride? Where does he think Silicon Labs' CEO is missing the story regarding the company's emerging touch-screen business?
Founded in September 2002, Next Inning's model portfolio has returned 301% since its inception versus 53% for the S&P 500.
About Next Inning:
Next Inning is a subscription-based investment newsletter that provides regular coverage on more than 150 technology and semiconductor stocks. Subscribers receive intra-day analysis, commentary and recommendations, as well as access to monthly semiconductor sales analysis, regular Special Reports, and the Next Inning model portfolio. Editor Paul McWilliams is a 30+ year semiconductor industry veteran.
NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
SOURCE Indie Research Advisors, LLC
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