TTM PE is currently 15.4. Q1 revenues reported at the end of April were up 8% while earnings beat and the company raised full year EPS guidance by 5 cents to $2.85 making the forward PE an unmissable 12.5.
Longer term the outlook still looks strong with data centers, the cloud, the IoT, artificial intelligence, self-driving cars, drones, and virtual reality all increasing demand for high power chips.
Is this too good to be true? Or what am I missing?
This is not a recommendation to buy or sell. Stocks are not suitable for all investors. Please do your own research.
Submitted May 16, 2017 at 12:16PM by InterestingNews1 http://ift.tt/2rc7BkU
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