I may be a little blind but I never knew about this company until fairly recently. Did you know that its technologies are in all smartphones and more than 100 billion semiconductor chips ? Pretty incredible. They're a technology licensing company rather than a manufacturer and have therefore wasted a lot of time and money in litigation over the years. They had a change in management in 2013 and have since negotiated deals with Samsung, Qualcomm
, Micron and others. The pop on Friday came from another litigation win.
had this to say in December : "I remain very optimistic about our growth prospects for our business going forward".
I am long the stock from $35 and think it offers growth at a reasonable price. The chart is showing good momentum via my favourite indicator Twigg's Momentum. I use the weekly Supertrend as a trailing stop.