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The Company designs, develops, manufactures and markets a range of analog power ICs, mixed-signal and digital ICs.
This company is aggressively purchasing its own shares.
0 Debt/Equity Ratio, EPS Growth Rate of 25%, with a Lower P/E of 15 - a Peter Lynch style of growth favorite, Significant Insider Ownership, 19%, so they have a lot of skin in the game, good institutional support at 73%, Dividend is a nice 1.9%.
5 STAR, Small-cap, dividend payer
$10 perfect buy price
low debt levels, high cash on hand, leader in the sector, 1.3% dividend. plus, i'm an engineer and i can actually find useful product info on their website...unlike some competitors.
Good free cash (~48M), PEG of 7, price/book of 2.8. Will suffer slightly short term, but is in a good position for future growth.
Cheap and with power efficiency such a growing problem they are positioned to grow big.
Good pipeline. Worked through inventory issues...decent ROE. Decent price.
Should do good in the long run...
Micrel Inc. is a leading manufacturer of IC solutions for the worldwide analog, Ethernet and high bandwidth markets. Its product range includes a range of high-performance analog power integrated circuits, mixed-signal and digital ICs. These products address a range of end markets, including cellular handsets, portable computing, enterprise and home networking, wide area and metropolitan area networks and industrial equipment. The company also manufactures custom analog and mixed-signal circuits and provides wafer foundry services for customers who produce electronic systems for communications, consumer and military applications.The company reported 10.4% increase in the sales revenue for the year 2006 as compared that posted in the year 2005. This was one of the best financial performances on an annual basis in the company’s history as the revenues reached the second highest annual amount ever recorded. The company derives more than 90% of its revenue from the sales of standard analog ICs that handle power management in electronics, one of the largest growing sectors in the semiconductor industry. Micrel's has an upper edge over its peers as the complexity involved in analog chip design creates a barrier to entry in this segment of the semiconductor industry.The semiconductor industry as a whole is expected to grow at a rate of more than 10% in 2007. Due to the competitive advantage and its power management offerings for fast growing end markets, Micrel it seems to be well positioned to grow faster than the broader semiconductor market. Along with this the diverse portfolio of products with around 2500 standard products in its kitty the company is expected to outperform the market both in terms of revenue growth as well as the stock price in the coming future.
Last quarter was the sixth consecutive in which sales grew on a sequential basis. 27% Earnings growth over the next 3 to 5 years gives this company good upside appreciation.Extremely low debt and siiting on over 100 million dollars cash.
Micrel is a fantastic but low hype semiconductor company that is smartly run with stable management that has a large personal stake in the company. Unlike most of the industry, they show insider buying and basically no net insider selling. They have done very well to manage costs and increase profit margins. The products they make require modest R&D (but still talented designers) compared to most of the rest of the semi industry. I think they are undervalued at prices less than $11 or so and have a great potential for growth over the next few years. They are diversified over many types of products and customers from a range of industries. Their products do not get integrated "into the main chip" as there is a push to make products smaller. They are bread an butter parts (but higher end) that most electronic devices just flat need and can't live without. They have good cash, no debt and their returns and margins are better than the competition.
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