Wells Fargo Starts Micrel (MCRL) at Outperform; Five Reasons To Be Attracted
Tweet Send to a FriendGet Alerts MCRL Hot Sheet
Price: $10.24 -1.54%
Rating Summary:
1 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Rating Summary:
1 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Trade MCRL Now!
Wells Fargo initiates coverage on Micrel (NASDAQ: MCRL) with an Outperform. PT range $10-$12.
Analyst, David Wong, said, "Attractive features include the following: (1) focus on key growth drivers in industrial, communications, and automotive; (2) low concentration risk (more than 10,00 customers and 3,000 products in 12 product categories); (3) broad end-market diversification touching industrial, communications, handsets, computing, military, and other; (4) the possibility of a cyclical recovery in semiconductors (we think 5-10% growth in 2012 could be followed by 10-15% growth in 2013 for the chip industry); and (5) a solid balance sheet ($119 million in cash exiting the June 2012 quarter, with no debt)."
For an analyst ratings summary and ratings history on Micrel click here. For more ratings news on Micrel click here.
Shares of Micrel closed at $9.28 yesterday, with a 52 week range of $8.81-$12.84.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, David Wong, said, "Attractive features include the following: (1) focus on key growth drivers in industrial, communications, and automotive; (2) low concentration risk (more than 10,00 customers and 3,000 products in 12 product categories); (3) broad end-market diversification touching industrial, communications, handsets, computing, military, and other; (4) the possibility of a cyclical recovery in semiconductors (we think 5-10% growth in 2012 could be followed by 10-15% growth in 2013 for the chip industry); and (5) a solid balance sheet ($119 million in cash exiting the June 2012 quarter, with no debt)."
For an analyst ratings summary and ratings history on Micrel click here. For more ratings news on Micrel click here.
Shares of Micrel closed at $9.28 yesterday, with a 52 week range of $8.81-$12.84.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Michael Kors (KORS) Under-Appreciated; Canaccord Genuity Starts at Buy
- Credit Suisse Starts Taylor Morrison Home (TMHC) at Outperform
- Sidoti Starts Smith & Wesson Holding (SWHC) at Neutral
Create E-mail Alert Related Categories
New CoverageRelated Entities
Wells Fargo
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
