August 22, 2005
SpeculatingStocks.com Stock Pick: Sigmatel, Inc. (SGTL)
Stock Price: $18.48 (long-term strong buy)
Sigmatel, Inc. is a global leader in analog intensive, mixed-signal integrated circuits for the portable consumer electronics and computing markets.
SGTL is currently trending at the $18 dollar level with little downside from here. SGTL was a $45 stock back at the beginning of March this year. There is no reason for it not to trend back to the $35 level at least.
Revenue for the most recent quarter was $69.6 million with a profit of $10.9 million. SGTL is currently trading at a PE of only 9.5, it could double from here and still be relatively undervalued.
SpeculatingStocks.com Target Price: We expect SGTL to reach $35 within the next 3-6 months.