Barclays Maintains an 'Overweight' on Volterra (VLTR); Adjusting Numbers, But Sees Traction Ahead

Barclays maintains an 'Overweight' on Volterra Semiconductor (NASDAQ: VLTR) price target of $27.00 (from $28.00).

Analyst, Blayne Curtis, lowered FY12 EPS estimate from $1.44 to $1.30, revenue from $182M to $175M. For FY13, EPS estimate is cut from $1.60 to $1.51 and revs from $206M to $200M.

However, Curtis is still positive on shares, and said, "...The softness in the notebook/server end markets is not surprising and we still see Volterra as a secular share gainer in servers and notebooks in 2013. Early indications for Shark Bay traction are positive but the magnitude of wins will be the most critical milestone for the company (expected August/September)."

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 $25.22 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Zedcor Inc (ZDC:CN) PT Raised to Cdn$7.75 at Desjardins
• Indigo Paints (INDIGOPN:IN) PT Raised to INR1,300 at ICICI Securities