NEW YORK (TheStreet) -- U.S. stocks are off to a bumpy start in 2015. Despite the S&P 500 only declining 2.8% on the year, volatility has been higher than many investors have grown accustomed to over the past few years. 

However, according to Bill Hench, portfolio manager for the Royce Opportunity Fund, there are stocks that present attractive reasons to own them, one of which is Microsemi (MSCC) , which has a market cap of $2.6 billion. 

Shares have a "very, very low" earnings multiple, especially when compared to its peers, he explained. The company has a management team that continues to deliver great results as well. 

Microsemi also has a diversified portfolio of businesses, including exposure to the industrial, defense, aerospace, security and military markets, he added. 


Dixie Group DXYN, Landec Corp. LNDC, and Microsemi Corp. MSCC data by YCharts

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Another stock Hench likes is Dixie Group (DXYN) - Get Report . Shares have struggled in the past 12 months, falling more than 40%. But a lot of that is due to the company's heavy investing, he reasoned.

The company is well positioned in the non-residential construction market and will hopefully see some of those investments pay off going forward. 

Finally, Hench named Landec (LNDC) - Get Report as his final selection. The company trades at just 14 times earnings despite delivering "high teens" growth, he said. 

The stock reflects that success, with shares up 11.1% in the past six months. The company's packaged produce business remains strong and the company has other business segments that it can look to expand as well, he concluded. 

- - Written by Bret Kenwell

Follow @BretKenwell