Barclays maintains an 'Equalweight' on Aixtron (AIXG); MOVCD Orders Bottoming, But Favor CREE & LEDS
Tweet
Share
E-mailGet Alerts AIXG Hot Sheet
Price: $3.06 --0%
Rating Summary:
4 Buy, 14 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 16 | New: 37
Rating Summary:
4 Buy, 14 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 16 | New: 37
Join SI Premium – FREE
Barclays maintains an 'Equalweight' on Aixtron (NASDAQ: AIXG) price target of $16.00.
Analyst, Olga Levinzon, said, "Aixtron's earnings call reaffirmed our view that while we may be on the cusp of an MOCVD order bottom, the magnitude and timeline of a recovery remains highly uncertain. In this light, we see likelihood for shares of both AIXG and Veeco (Nasdaq: VECO) to remain range-bound in the near-term, and favor the LED chip names Cree Inc (Nasdaq: CREE) and SemiLEDS (Nasdaq: LEDS) instead on the back of an earlier demand inflection and sentiment momentum heading into the formal announcement of China's 12th Five Year Plan/LED Subsidy program."
"We lower our CY12 revenue/EPS estimates to EUR 351M/EUR 0.20 (old EUR 322M/EUR 0.25, street EUR 376M/EUR 0.45) but maintain our CY13 estimates of EUR 395M/EUR 0.30 (street EUR 472M/EUR 0.69)."
For an analyst ratings summary and ratings history on Aixtron click here. For more ratings news on Aixtron click here.
Shares of Aixtron closed at $15.70 yesterday.
Analyst, Olga Levinzon, said, "Aixtron's earnings call reaffirmed our view that while we may be on the cusp of an MOCVD order bottom, the magnitude and timeline of a recovery remains highly uncertain. In this light, we see likelihood for shares of both AIXG and Veeco (Nasdaq: VECO) to remain range-bound in the near-term, and favor the LED chip names Cree Inc (Nasdaq: CREE) and SemiLEDS (Nasdaq: LEDS) instead on the back of an earlier demand inflection and sentiment momentum heading into the formal announcement of China's 12th Five Year Plan/LED Subsidy program."
"We lower our CY12 revenue/EPS estimates to EUR 351M/EUR 0.20 (old EUR 322M/EUR 0.25, street EUR 376M/EUR 0.45) but maintain our CY13 estimates of EUR 395M/EUR 0.30 (street EUR 472M/EUR 0.69)."
For an analyst ratings summary and ratings history on Aixtron click here. For more ratings news on Aixtron click here.
Shares of Aixtron closed at $15.70 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Marvell (MRVL) PT Raised to $225 at TD Cowen
- Raymond James Resumes Safehold (SAFE) at Market Perform
- GLJ Research on Sell Rated Tesla (TSLA): 'We now see FSD as the main reason TSLA’s stock will bleed lower this year'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Barclays, EarningsSign 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!
