Needham & Company Maintains a 'Hold' on Hutchinson Technology (HTCH); Updating Estimates After Q1 Results
Tweet
Share
E-mailGet Alerts HTCH Hot Sheet
Price: $4.00 --0%
Rating Summary:
2 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Needham & Company maintains a 'Hold' on Hutchinson Technology (NASDAQ: HTCH).
Needham analyst says, "Hutchinson’s Thailand facility, flooded along with much of the country, has been dried out and the insurance coverage has arrived. Now the recovery process begins. In the interim, moth-balled capacity in the US has bridged any capacity needs the HDD industry might have. The larger issues of market share gains and profitability remain the tasks at hand over the forecast period, and hurdles that must be overcome before we revisit our Hold rating."
Needham raises FY12 EPS loss from (3.04) to (1.78), but lowers FY13 from (0.62) to (0.80).
For an analyst ratings summary and ratings history on Hutchinson Technology click here. For more ratings news on Hutchinson Technology click here.
Shares of Hutchinson Technology closed at $1.61 yesterday.
Needham analyst says, "Hutchinson’s Thailand facility, flooded along with much of the country, has been dried out and the insurance coverage has arrived. Now the recovery process begins. In the interim, moth-balled capacity in the US has bridged any capacity needs the HDD industry might have. The larger issues of market share gains and profitability remain the tasks at hand over the forecast period, and hurdles that must be overcome before we revisit our Hold rating."
Needham raises FY12 EPS loss from (3.04) to (1.78), but lowers FY13 from (0.62) to (0.80).
For an analyst ratings summary and ratings history on Hutchinson Technology click here. For more ratings news on Hutchinson Technology click here.
Shares of Hutchinson Technology closed at $1.61 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Coherent (COHR) PT Raised to $420 at Needham
- Needham Reiterates Buy Rating on WhiteFiber Inc (WYFI)
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Needham & CompanySign 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!
