Actions Semiconductor Is Finally Moving, But Does It Have Legs?

After being dormant for a long time, Actions Semiconductor Co. Ltd.'s (ACTS) stock finally began moving on January 8, 2013. Since then, the stock has had a pretty good run. So as an investor, I am asking: now what? Does this upward movement have legs or will it fade away just like past flash bursts?

Financially, the company did turn its bottom line from red to green in the last quarter, but that result is nothing close to splendid as the third quarter is traditionally the company's strongest. In fact, Q3 2012 was a rare occasion when the management team did not actually meet its revenue target. Table 1 shows the company's revenue, gross profit, and net income for the past 10 reported quarters.

Read my full article on Seeking Alpha.