Needham & Company Reiterates a 'Buy' on LTX-Credence (LTXC); Growth Opportunity in New Diamondx Product
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Price: $9.35 --0%
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company reiterates a 'Buy' on LTX-Credence (NASDAQ: LTXC) price target of $10.00.
Analyst, Vernon Essi, Jr, said, "LTXC management presented during a stop on our third annual Boston Semicap Bus Tour. Given management’s recent enthusiasm for LTXC’s new digital ASSP product, the Diamondx, it was no surprise that a majority of the presentation and Q&A was spent discussing this product and market opportunity. The overall tone of the business was upbeat relative to most other companies that spoke to us on the tour that were anticipating a soft 2H 2012. Management reiterated its confidence that LTXC could continue to pick its spots in the ATE market (e.g., avoiding memory test) and chip away at market share against the incumbents."
For an analyst ratings summary and ratings history on LTX-Credence click here. For more ratings news on LTX-Credence click here.
Shares of LTX-Credence closed at $6.69 yesterday.
Analyst, Vernon Essi, Jr, said, "LTXC management presented during a stop on our third annual Boston Semicap Bus Tour. Given management’s recent enthusiasm for LTXC’s new digital ASSP product, the Diamondx, it was no surprise that a majority of the presentation and Q&A was spent discussing this product and market opportunity. The overall tone of the business was upbeat relative to most other companies that spoke to us on the tour that were anticipating a soft 2H 2012. Management reiterated its confidence that LTXC could continue to pick its spots in the ATE market (e.g., avoiding memory test) and chip away at market share against the incumbents."
For an analyst ratings summary and ratings history on LTX-Credence click here. For more ratings news on LTX-Credence click here.
Shares of LTX-Credence closed at $6.69 yesterday.
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