Actions Semiconductor Co., Ltd. (ADR) (NASDAQ:ACTS)

My experimental valuation method says this strongly uptrended stock is worth $13.86. Which would mean the current trend should last awhile yet.

revenue growth 30.40%
revenue trailing 12Q 10.81 M
stats ok

semiequip2011

My bet is on a big increase

Profile
Actions Semiconductor Co., Ltd.
15-1 No 1 HIT Road
Tangjia
Zhuhai, 519085
China - Map
Phone: 86 75 6339 2353
Fax: 86 75 6339 2251
Website: www.actions-semi.com

Details
Index Membership: N/A
Sector: Technology
Industry: Semiconductor - Specialized
Full Time Employees: 624

Business Summary

Actions Semiconductor Co., Ltd. operates as a fabless semiconductor company in the People?s Republic of China. The company designs, develops, and markets integrated platform solutions, including system-on-a-chips (SoCs), firmware, software development tools, and reference designs for the manufacturers of portable media players. Its SoCs are integrated circuits that incorporate digital signal processor, a micro controller unit, embedded memory, codec, a power management unit, and other components. The company?s SoCs products also comprise on-chip memory, controllers for color liquid crystal display, and analog components, including digital-to-analog converters, phase lock loops, and USB transceivers. Actions Semiconductor Co?s solution development kits include the embedded firmware code, software tools, and documentation to utilize its SoCs in portable media players. The company?s firmware utilizes an embedded structure design with interface that allows customers to pick and choose functionalities and add new device drivers. Its manufacturing software tools also allow its customers in the mass production of products based on its turnkey process. The company?s reference designs consist of detailed specifications of other required components and references, which allow customers to assemble a portable media player. Actions Semiconductor Co. also offers semiconductor product testing services. The company sells its integrated platform solutions directly, as well as through distributors to portable media player manufacturers, brand owners, and value-added distributors in China and internationally. Actions Semiconductor Co., Ltd. was founded in 2001 and is headquartered in Zhuhai, the People?s Republic of China.

***All above information from YAHOO FINANCE***

ACTS is a great little company that for some reason isn't getting a lot of love. Unlike so many micro caps, it MAKES MONEY.

Sure, not lately, but it has made money, which is more than a lot of its peers can say. Further, and again unlike a lot of its peers, it has NO DEBT. I don't know how these guys makes chips without spending money, but they do. Labor must be cheap in China!

Right now, Wall Street seems to think this company would be worth more if it shut down and sold off its assets. If ACTS can return to profitability, that should change. This all hinges on managements ability to turn semi-conductor fabrication into semi-conductor sales.

Hm, semiconductors in China...........good thing. Buy, buy, buy

sector- continued growth

Still a balance sheet wonder, if they can get through this mess there's some upside.

Piggy back...

The snapshot is so good I have to believe ACTS will help lead the semi pack when all the price discovery finally gets factored into the equities markets. I'm significantly down on ACTS at the time of this pitch - and I'll hold it until it turns around (I hope).

Re-upping on the lows

NCAV play with over $3.00/share in cash.

Low debt makes this one a fairly safe bet although it may take a while for the sector to return.

Trading at less than half of cash position with no debt and still generating positive cash flow from operations in trough market conditions for semiconductor companies. Less exposure to US market and tapped US consumer than some competitors. Recently announced stock buyback. Lots to like here and the price is way right at a buck and change.

china stock

At $1.90, this stock is trading below its cash and "marketable securities" reported on the 8/6/08 6-K filing (though I don't know what constitutes the "marketable securities" part). The company is buying back ADS shares. While I don't feel the company's prospects are great, there is a margin of security here, and the stock should bounce back when China ADRs/ADSs rebound.

I'm experimenting with a particular stock screen. Super low PE, PEG and P/B with a great growth rate makes this an attractive stock.

This stock has a negative enterprise value! Either it is about to go out of business tomorrow while (literally) burning its cash or this will change. In fact analysts predict that earnings will be flat for the next two years giving a future P/E of 7.4 without adjusting for cash. While ACTS is an unexciting company, the business should be worth a bit more than the cash on hand, so I expect the price to double.