Integrated Silicon Solution (ISSI) has Significant Upside Potential - Analyst
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Price: $22.91 --0%
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 3
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 3
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Following up on the company's quarterly earnings report, MKM Partners reiterated a Buy rating on Integrated Silicon Solution (NASDAQ: ISSI) with a price target of $13.00.
"There were a lot of moving parts associated with the Chingis (NOR flash) acquisition as well as write-downs of prior investments (SiEn, SMIC partnership), but the core business is outperforming expectations and similarly-exposed peers as new products start to ramp," said analyst Daniel Berenbaum.
"With the stock trading just over book value (which we see growing by 30% over the next two years), we see significant upside potential," concluded Daniel.
For an analyst ratings summary and ratings history on Integrated Silicon Solution click here. For more ratings news on Integrated Silicon Solution click here.
Shares of Integrated Silicon Solution closed at $8.84 yesterday.
"There were a lot of moving parts associated with the Chingis (NOR flash) acquisition as well as write-downs of prior investments (SiEn, SMIC partnership), but the core business is outperforming expectations and similarly-exposed peers as new products start to ramp," said analyst Daniel Berenbaum.
"With the stock trading just over book value (which we see growing by 30% over the next two years), we see significant upside potential," concluded Daniel.
For an analyst ratings summary and ratings history on Integrated Silicon Solution click here. For more ratings news on Integrated Silicon Solution click here.
Shares of Integrated Silicon Solution closed at $8.84 yesterday.
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