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What: Shares of power-controller chip designer International Rectifier
So what: First-quarter sales and profits were surprisingly strong and helped along by very high gross margins. The report was impressive enough to drag rivals Cirrus Logic
Now what: Despite a weak consumer market, International Rectifier is riding to strong business on the backs of industrial and automotive customers. That bifurcated trend is expected to continue to enrich the company's product mix and overall sales in the coming quarter. A word of warning after all this good news: International Rectifier is still rather expensive when compared to other stocks in its immediate industry, and you may find better deals elsewhere.
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Fool contributor Anders Bylund holds no position in any of the companies discussed here. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.