This Chipmaker Is Getting Back On Track

An aborted takeover is in the past. For many reasons, the future looks promising

Highlights:

• An 18-month takeover process ended in the most stunning way possible.

• With the deal finally in the rearview mirror, investor attention is turning back to the standalone business — which looks headed for a cyclical swing higher.

• Optionality from arbitration adds more potential upside, as does the reinstatement of the dividend and a potential share buyback.

• The stock can move higher on its own, with legal wins adding to potential returns.