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

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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).

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