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The Picks of the Litter (But For Very Different Reasons): CNIT, OCZ, SWKS

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发表于 2012-9-20 01:28 PM | 显示全部楼层 |阅读模式


The Picks of the Litter (But For Very Different Reasons): CNIT, OCZ, SWKS Under the Microscope.
By Bryan Murphy
Sep 20, 2012 11:10:29 AM PDT | No Comment(s) - Post a Comment Rating StockHQ:CNIT$1.18 +$0.12 +11.33%SWKS$24.37 -$5.11 -17.33%OCZ$4.26 -$0.02 -0.35%
Bryan Murphy     
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If you're looking for some solid trading ideas at a time when the market's not yielding many, then you may want to expand your radar to cover some off-the-radar names like OCZ Technology Group Inc. (NASDAQ:OCZ), Skyworks Solutions Inc. (NASDAQ:SWKS), and China Information Technology, Inc. (NASDAQ:CNIT). Here's a closer look at why.

Although China Information Technology, Inc. may have been in an uptrend since mid-August, it wasn't until today that the strength and potential upside of this budding recovery could be fully appreciated. CNIT has fought its way above the 200-day moving average line at $1.21 to top off a well-developed, high-volume beginning of a rally. There's still plenty of room to keep rallying too.

CNIT designs and manufactures large screen display and interactive touch-displays... not the kind of screen you may have on your smartphone, but the kind you might see covering a wall, or powering a kiosk. Business has been really tough the last couple of quarters, but the chart is telling us the market thinks China Information Technology has already been through the worst of its headaches; 'the market' is frequently right.

If you're looking for the bargain stock of the week, Skyworks Solutions Inc. is it.

SWKS makes technology components, is heavily into smartphones, and is perhaps best know for being a supplier for Apple's iPhones. It's a relationship that has been fruitful for the company, though at this point is hardly a secret - traders pretty much count on good news from the company. The depth of those lofty expectations didn't hit home until today though.

This morning, Skyworks Solutions raised is fourth quarter income guidance, and maintained it was on pace for its revenue target. Did the market respond with a bullish bump? No. Instead, the market sent SWKS shares lower, to the tune of a 17% dip. Apparently the market wanted prior guidance to be blown away. Folks, when the forward-looking P/E is a plausible 10.9, there's not much else to fairly expect from the company or the stock.

Last but not least, though OCZ Technology Group Inc. has been in something of a rut for a few days after an alleged acquisition never happened - and especially in the past two days after the CEO resigned - that lull may be the ideal time to sneak into a position near multi-month lows. While the rest of the market is dwelling on the potential impact Ryan Peterson's exit may have, they're forgetting that OCZ still has a great solid-state drive technology that makes it one of (if not the) premier names in the SSD industry. It's entirely possible the next CEO may do for OCZ Technology Group what Peterson couldn't.

Either way, OCZ is dirt cheap right now at 9.0 times its forward-looking income, and it's still a viable acquisition candidate... possibly at a price close to $10.00.



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发表于 2012-9-20 02:26 PM | 显示全部楼层
回复 鲜花 鸡蛋

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发表于 2012-9-20 03:19 PM | 显示全部楼层
SWKS dropped 18% today?
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 楼主| 发表于 2012-9-20 07:03 PM | 显示全部楼层
superxy 发表于 2012-9-20 03:19 PM
SWKS dropped 18% today?

Bank of America Boosts Price Target on Skyworks Solutions (SWKS)

by Stacy Sanders

Research analysts at Bank of America lifted their target price on shares of Skyworks Solutions (NASDAQ: SWKS) to $36.00 in a report released on Thursday. The firm currently has a “buy” rating on the stock.

The analysts wrote, “We reiterate Buy on our top SMid-cap growth pick Skyworks, leader in RF chips tied to smartphone growth and the move to higher-value 4G/LTE mobile devices. Four catalysts in September: 1) Apple iPhone 5 newsflow; 2) Samsung Galaxy S3 ramps; 3)vQ4 inflexion point in higher-value 4G LTE adoption. We raise FY12/13 EPS above Street to $1.89/$2.21 from $1.87/$2.17 and our PO to $36 from $34.”
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发表于 2012-9-20 09:50 PM | 显示全部楼层
Sell on news? MM 够狠



Index
-
P/E
22.46
EPS (ttm)
1.07
Insider Own
0.54%
Shs Outstand
190.84M
Perf Week
-16.94%
Market Cap
4.59B
Forward P/E
11.07
EPS next Y
2.17
Insider Trans
-36.41%
Shs Float
189.58M
Perf Month
-18.96%
Income
204.69M
PEG
1.49
EPS next Q
0.51
Inst Own
84.22%
Short Float
3.52%
Perf Quarter
-9.87%
Sales
1.55B
P/S
2.96
EPS this Y
58.17%
Inst Trans
2.85%
Short Ratio
1.76
Perf Half Y
-15.39%
Book/sh
9.46
P/B
2.54
EPS next Y
15.43%
ROA
10.51%
Target Price
34.50
Perf Year
9.62%
Cash/sh
1.71
P/C
14.02
EPS next 5Y
15.11%
ROE
12.28%
52W Range
13.72 - 31.44
Perf YTD
48.15%
Dividend
-
P/FCF
16.43
EPS past 5Y
36.39%
ROI
12.00%
52W High
-23.57%
Beta
1.21
Dividend %
-
Quick Ratio
2.59
Sales past 5Y
12.89%
Gross Margin
43.07%
52W Low
75.14%
ATR
1.28
Employees
4400
Current Ratio
3.46
Sales Q/Q
9.26%
Oper. Margin
16.69%
RSI (14)
29.04
Volatility
6.65% 4.03%
Optionable
Yes
Debt/Eq
0.00
EPS Q/Q
-4.86%
Profit Margin
13.21%
Rel Volume
8.94
Prev Close
29.48
Shortable
Yes
LT Debt/Eq
0.00
Earnings
Jul 18 AMC
Payout
0.00%
Avg Volume
3.79M
Price
24.03
Recom
1.90
SMA20
-18.95%
SMA50
-16.32%
SMA200
-4.45%
Volume
33,887,808
Change
-18.49%


06-Sep-12
Reiterated
UBS
Buy
$33 → $36
04-Sep-12
Downgrade
Barclays
Overweight → Equal Weight
$30 → $28
19-Jul-12
Upgrade
Sterne Agee
Neutral → Buy
$31
19-Jul-12
Reiterated
Oppenheimer
Outperform
$31 → $35
19-Jul-12
Downgrade
Needham
Buy → Hold
22-Jun-12
Initiated
Canaccord Genuity
Buy
$33


What's Wrong With This Chip Stock Today?
By Anders Bylund | More Articles

Mr. Market doesn't always make sense. I think he's off his meds again.

Here's why: Radio-chip designer Skyworks Solutions (Nasdaq: SWKS  ) just updated its fourth-quarter guidance, and it was all good news. Sales should land at $420 million, at the top end of management guidance and right in line with Wall Street estimates. Earnings will come in at $0.52 per share, above both original guidance and analyst targets.

You might expect an update like that to boost the stock significantly. In Skyworks' case, the stock has underperformed the market in recent months. There weren't any hyper-inflated expectations to match.

But Skyworks crashed hard on the news. Shares plunged as much ass 17.7% by lunch.

Did Skyworks investors expect bigger sales on the back of Apple's (Nasdaq: AAPL  ) iPhone 5 launch? After all, the device is off to yet another record-breaking start. Apple has included Skyworks radio processors in iPhones and iPads for a couple of years now. If Cupertino is selling tons of new iPhones, then Skyworks should reap direct benefits, right?

But that theory doesn't explain today's price action. If Skyworks was losing iPhone sales to rival chip makers, the market should reward those stocks as Skyworks falls. But RF Micro Devices (Nasdaq: RFMD  ) is down 4.7%, TriQuint Semiconductor (Nasdaq: TQNT  ) lost 4.5%, and Avago Technologies (Nasdaq: AVGO  ) dropped 4.1%. In short, the whole radio-chip industry is suffering on the back of Skyworks' seemingly positive news.

Here's how I see this melodrama playing out over the next couple of weeks. First, iPhones ship out to consumers and tech analysts tomorrow. A few units get ripped apart and analyzed, finding the usual mix of Skyworks radios and competing chips inside. The company formally reports earnings at the end of October, and guidance for the coming period shows that Apple just didn't stockpile massive component supplies ahead of the iPhone launch. There's plenty of room for strong sales at the end of this calendar year.

And when it's all said and done, Skyworks has bounced back from this irrational drop. Nothing remains of today's panic, save for a black mark on the stock chart. This wouldn't be a bad time to invest in Skyworks if you've been thinking about it and just waited for the right moment.

Plenty of smaller companies live and die by Apple's sword. That's why Skyworks investors need to know the company's most important customer better than their own pocket lint. In our latest premium research report, our analysts have dissected the tech giant from every angle, detailing the opportunities and pitfalls that Apple will face. For less than a week's worth of coffee beans, you, too, can gain an investing edge. Click here to claim your premium report.
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