Needham & Company Downgrades Volterra Semiconductor (VLTR) to Hold, Doesn't See Competing Bids

August 16, 2013 7:36 AM EDT
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Price: $22.97 --0%

Rating Summary:
    7 Buy, 12 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 10 | New: 7
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Needham & Company downgraded Volterra Semiconductor (NASDAQ: VLTR) from Buy to Hold following yesterday's takeover deal with Maxim.

"We are highly confident this transaction will proceed as planned and won't be subject to HSR or China review, nor do we expect there to be any competing bids," analyst Vernon Essi, Jr. said.

For an analyst ratings summary and ratings history on Volterra Semiconductor click here. For more ratings news on Volterra Semiconductor click here.

Shares of Volterra Semiconductor closed at $22.91 yesterday.

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