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Microsemi's New Handheld Screener

Zacks Equity Research

Microsemi Corporation (MSCC) recently launched the AllClear handheld screener equipped with improved and highly advanced security features. Its integrated metal detector can identify the presence of metallic objects, ceramics, plastics, liquids, gels, powders, paper and other things hidden on an individual’s body.

AllClear is the first handheld image-free screener that uses passive millimeter wave detection technology for its activities. This battery-driven device helps in detecting minor changes in naturally emitted millimeter waves due to the presence of hidden objects on the body.

There is no image generation or radiation, which enables the detection of hidden objects without revealing anatomical details. Since detection is immediate, it is possible to use in important or strategic areas, such as retail outlets, government buildings, military installations and other locations for the protection of people or property. It is easy to operate and requires minimal level of training.

Microsemi’s adjusted earnings per share in the third quarter of fiscal 2013 came in at 42 cents, beating the Zacks Consensus Estimate by 4 cents or 10.5%. Microsemi reported revenues of $242.6 million, up 3.1% sequentially but down 6.4% year over year. For the fourth quarter of fiscal 2013, Microsemi expects revenues to increase 2–4%. The tax rate is likely to be 6.0%. Non-GAAP earnings per share are expected to be in the range of 51–55 cents.

Currently, Microsemi has a Zacks Rank # 3 (Hold). Other stocks that the investors can consider are Microchip Technology Inc (MCHP) and Magnachip Semiconductor Corp (MX), both with Zacks Rank # 2 (Buy) and  Intersil Corp  (ISIL) with a Zacks Rank # 1 (Strong Buy).

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