On Wednesday night, chip builder Atmel
But all is not perfect in the land of touchscreen controllers. The new revenue guidance is a tad lower than the analyst consensus, even if you assume that Atmel will hit the high end of its flat-to-up-4% range. Microcontrollers and touch-controller chips are heading up as always but held back by somewhat lower radio and automotive chips.
So Atmel is riding the smartphone and tablet waves with a big smile. Life ain't perfect, but it's pretty darn good. The stock has gained 56% over the last year, despite dropping 35% in six months. Right now, Atmel trades for just 7.4 times trailing earnings (and 12 times its operating profit). Where are these shares going next? Add Atmel to your Foolish watchlist, and you'll be ready to buy or sell when the price is right for taking action: