Mattson Technology Rating Increased to Buy at Needham & Company (MTSN)

Share on StockTwits

Mattson Technology (NASDAQ: MTSN) was upgraded by research analysts at Needham & Company from a “hold” rating to a “buy” rating in a report released on Tuesday, StockRatingsNetwork reports. The firm currently has a $3.00 price target on the stock. Needham & Company’s price objective points to a potential upside of 56.25% from the stock’s previous close.

Mattson Technology (NASDAQ: MTSN) opened at 1.92 on Tuesday. Mattson Technology has a 1-year low of $0.70 and a 1-year high of $2.05. The stock’s 50-day moving average is currently $1.48. The company’s market cap is $113.0 million.

Mattson Technology (NASDAQ: MTSN) last released its earnings data on Wednesday, April 24th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01. The company had revenue of $20.20 million for the quarter, compared to the consensus estimate of $20.55 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The company’s revenue for the quarter was down 60.0% on a year-over-year basis. On average, analysts predict that Mattson Technology will post $-0.19 earnings per share for the current fiscal year.

Separately, analysts at Craig Hallum upgraded shares of Mattson Technology from a “hold” rating to a “buy” rating in a research note to investors on Monday, May 13th.

Mattson Technology, Inc. (NASDAQ: MTSN) designs, manufactures, and markets semiconductor wafer processing equipment used in the fabrication of integrated circuits (ICs or chips).

Latest News

Samsung Promises Changes as Profit Plunges
Samsung Promises Changes as Profit Plunges
Advertising Revenue at Facebook Surges
Advertising Revenue at Facebook Surges
Lloyds Bank Cutting 9,000 Jobs and Closing Branches
Lloyds Bank Cutting 9,000 Jobs and Closing Branches
Goldman Sachs Cuts Forecast for Oil Price in 2015
Goldman Sachs Cuts Forecast for Oil Price in 2015
Eli Lilly Earnings Meet Expectations
Eli Lilly Earnings Meet Expectations
Microsoft Sales Pass Street Estimates
Microsoft Sales Pass Street Estimates


Leave a Reply

Advertisement
Advertisement
© 2006-2014 Ticker Report. Google+.