Needham & Company Reiterates a 'Buy' on FSI International (FSII); Single-Wafer Products Continue to Gain Momentum
FSII Hot Sheet
Rating Summary:1 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 20 | Down: 11 | New: 38
Needham & Company reiterates a 'Buy' on FSI International (NASDAQ: FSII) price target raised from $4.50 to $6.00.
Needham analyst says, "With strong order momentum for its single-wafer products, we are now more confident on FSII’s revenue growth trajectory for the next few quarters. Based on strong positions with leading capex spenders, we believe FSII will substantially outperform WFE in CY2012. While the stock has more than doubled off a recent low, strong growth coupled with a lower multiple suggest there could be more upside to share price."
"We raise our FY12 rev/EPS estimates from $115MM/$0.23 to $122MM/$0.28, and our FY13 estimates from $145MM/$0.60 to $155MM/$0.68."
For an analyst ratings summary and ratings history on FSI International click here. For more ratings news on FSI International click here.
Shares of FSI International closed at $4.32 yesterday, with a 52 week range of $1.70-$5.41.
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Needham analyst says, "With strong order momentum for its single-wafer products, we are now more confident on FSII’s revenue growth trajectory for the next few quarters. Based on strong positions with leading capex spenders, we believe FSII will substantially outperform WFE in CY2012. While the stock has more than doubled off a recent low, strong growth coupled with a lower multiple suggest there could be more upside to share price."
"We raise our FY12 rev/EPS estimates from $115MM/$0.23 to $122MM/$0.28, and our FY13 estimates from $145MM/$0.60 to $155MM/$0.68."
For an analyst ratings summary and ratings history on FSI International click here. For more ratings news on FSI International click here.
Shares of FSI International closed at $4.32 yesterday, with a 52 week range of $1.70-$5.41.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
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