UPDATE: UBS Downgrades ATMI Inc. (ATMI) to Sell; Largest Customer Semicap Orders Tracking Down 50%
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Price: $23.36 --0%
Rating Summary:
2 Buy, 1 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
2 Buy, 1 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade ATMI Now!
(Updated - July 23, 2012 12:34 PM EDT)
UBS downgraded ATMI Inc. (NASDAQ: ATMI) from Neutral to Sell. PT chopped from $22 to $16.
Analyst, Stephen Chin, said, "Our weekly semicap order tracker shows Taiwan Semi (Nasdaq: TSM) (TSMC’s) (historically ATMI’s largest customer at ~13% of its total sales) 3Q12 semicap orders are tracking down -50% q/q and our analysis shows semi wafer starts typically trend inline with semicap orders. We estimate TSMC capacity utilization rates also may have peaked in the near term and typically demand for ATMI’s wafer start related products follow."
FY12 EPS estimate lowered from $1.25 to $1.20 and FY13 from $1.70 to $1.45.
For an analyst ratings summary and ratings history on ATMI Inc. click here. For more ratings news on ATMI Inc. click here.
Shares of ATMI Inc. closed at $20.34 yesterday, with a 52 week range of $15.15-$25.05.
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UBS downgraded ATMI Inc. (NASDAQ: ATMI) from Neutral to Sell. PT chopped from $22 to $16.
Analyst, Stephen Chin, said, "Our weekly semicap order tracker shows Taiwan Semi (Nasdaq: TSM) (TSMC’s) (historically ATMI’s largest customer at ~13% of its total sales) 3Q12 semicap orders are tracking down -50% q/q and our analysis shows semi wafer starts typically trend inline with semicap orders. We estimate TSMC capacity utilization rates also may have peaked in the near term and typically demand for ATMI’s wafer start related products follow."
FY12 EPS estimate lowered from $1.25 to $1.20 and FY13 from $1.70 to $1.45.
For an analyst ratings summary and ratings history on ATMI Inc. click here. For more ratings news on ATMI Inc. click here.
Shares of ATMI Inc. closed at $20.34 yesterday, with a 52 week range of $15.15-$25.05.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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