Needham & Company Maintains a 'Hold' on Hutchinson Technology (HTCH);Consistent With Negative Preannouncement, Lowering Outlook Further
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).
Analyst, Richard Kugele, said, "The macro headwinds impacting HDD volume comes at an inopportune time for HTCH (when is a good time?), as the company strongly needs overall units to increase and to gain share (especially on new programs and dual stage actuation). With a slow recovery likely to continue for the forecast period, and limited visibility into share gains, we maintain our Hold."
FY12 EPS estimate lowered from (2.08) to (2.34) and FY13 from (1.71) to (2.35).
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 $1.43 yesterday.
Analyst, Richard Kugele, said, "The macro headwinds impacting HDD volume comes at an inopportune time for HTCH (when is a good time?), as the company strongly needs overall units to increase and to gain share (especially on new programs and dual stage actuation). With a slow recovery likely to continue for the forecast period, and limited visibility into share gains, we maintain our Hold."
FY12 EPS estimate lowered from (2.08) to (2.34) and FY13 from (1.71) to (2.35).
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 $1.43 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Freedom Broker Upgrades Lifeway Foods (LWAY) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated 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!
