Needham & Company Maintains a 'Buy' on MEMSIC Inc. (MEMS); Q4 Results Show Situation Is Improving
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Price: $30.74 +0.46%
Rating Summary:
1 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
1 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Needham & Company maintains a 'Buy' on MEMSIC Inc. (NASDAQ: MEMS), PT $4.
Needham analyst says, "MEMS reported strong Q4 results, with revenue beating our estimate by 10%, and EPS that came in at ($0.03), higher than our ($0.08) estimate due to lighter than expected OPEX on the G&A end. The Q1 guidance was slightly above our revenue estimate at the midpoint though slightly lower than our EPS estimate at the midpoint, much like the previous quarter. While MEMS lacks catalysts in the interim, our outlook remains positive. With a renewed focus on North American and European markets (via an addition to the executive team), continued focus on cost control and margin expansion, and strong product offerings, MEMS shares pose inherent value with $1.71 in net cash per share and trading at just 0.3x EV/2011 sales."
"We adjusted our FY2011 Rev/EPS ests to $53M and ($0.10) from $51.1M/($0.10) & introduced FY2012 at $63M/($0.00)."
For more ratings news on MEMSIC Inc. click here and for the rating history of MEMSIC Inc. click here.
Shares of MEMSIC Inc. closed at $3.15 yesterday.
Needham analyst says, "MEMS reported strong Q4 results, with revenue beating our estimate by 10%, and EPS that came in at ($0.03), higher than our ($0.08) estimate due to lighter than expected OPEX on the G&A end. The Q1 guidance was slightly above our revenue estimate at the midpoint though slightly lower than our EPS estimate at the midpoint, much like the previous quarter. While MEMS lacks catalysts in the interim, our outlook remains positive. With a renewed focus on North American and European markets (via an addition to the executive team), continued focus on cost control and margin expansion, and strong product offerings, MEMS shares pose inherent value with $1.71 in net cash per share and trading at just 0.3x EV/2011 sales."
"We adjusted our FY2011 Rev/EPS ests to $53M and ($0.10) from $51.1M/($0.10) & introduced FY2012 at $63M/($0.00)."
For more ratings news on MEMSIC Inc. click here and for the rating history of MEMSIC Inc. click here.
Shares of MEMSIC Inc. closed at $3.15 yesterday.
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