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Needham & Company Reiterates a 'Buy' on FSI International (FSII); Single-Wafer Products Continue to Gain Momentum

January 30, 2012 7:41 AM EST
Get Alerts FSII Hot Sheet
Price: $9.80 --0%

Rating Summary:
    0 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Needham & Company reiterates a 'Buy' on FSI International (NASDAQ: FSII) price target raised from $4.50 to $6.00.

Needham analyst says, "With strong order momentum for its single-wafer products, we are now more confident on FSII’s revenue growth trajectory for the next few quarters. Based on strong positions with leading capex spenders, we believe FSII will substantially outperform WFE in CY2012. While the stock has more than doubled off a recent low, strong growth coupled with a lower multiple suggest there could be more upside to share price."

"We raise our FY12 rev/EPS estimates from $115MM/$0.23 to $122MM/$0.28, and our FY13 estimates from $145MM/$0.60 to $155MM/$0.68."

For an analyst ratings summary and ratings history on FSI International click here. For more ratings news on FSI International click here.

Shares of FSI International closed at $4.32 yesterday.


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