OB:NODSemiconductor
Nordic Semiconductor (OB:NOD) Stock Can Stronger Margins Outrun A 107x P E
Nordic Semiconductor closed today at NOK166.2 after a choppy few months that left the stock down about 17% over the last quarter. That short term drag now meets a very different earnings story. Q2 revenue reached about US$218.6m and trailing net profit margin sits at 4.2%, which is double last year’s level.
The bigger issue for you is not today’s close. It is that this earnings beat sits on top of a rich P/E near 107x and a share price that already sits above a discounted cash flow estimate...