Needham & Company Reiterates a 'Strong Buy' on Volterra Semiconductor (VLTR); Upbeat Analyst Day Outlines Secular Growth and Cost Improvements
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Price: $22.97 --0%
Rating Summary:
7 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
7 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company reiterates a 'Strong Buy' on Volterra Semiconductor (NASDAQ: VLTR) price target of $29.00.
Needham analyst says, "Volterra held its fourth annual investor day in San Francisco aptly entitled “Powering Through the Economic Storms”. Despite the macro concerns, management was decidedly bullish and reiterated its Q4 guidance as well as shared its optimism regarding the server opportunity
in 2012. Management articulated its gross margin strategy longer-term and discussed for the first time its offshore initiatives in China to lower manufacturing costs. There was also “more of the same” (this was the theme last year) as the performance of VLTR’s voltage regulators relative to its competitors in power density, the target model and the mystery vertical (still living up to its namesake) are now in perpetual VLTR analyst day syndication."
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 $22.52 yesterday.
Needham analyst says, "Volterra held its fourth annual investor day in San Francisco aptly entitled “Powering Through the Economic Storms”. Despite the macro concerns, management was decidedly bullish and reiterated its Q4 guidance as well as shared its optimism regarding the server opportunity
in 2012. Management articulated its gross margin strategy longer-term and discussed for the first time its offshore initiatives in China to lower manufacturing costs. There was also “more of the same” (this was the theme last year) as the performance of VLTR’s voltage regulators relative to its competitors in power density, the target model and the mystery vertical (still living up to its namesake) are now in perpetual VLTR analyst day syndication."
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 $22.52 yesterday.
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