Supertex (SUPX) Announces Quarterly Earnings Results, Beats Expectations By $0.12 EPS
Supertex (NASDAQ:SUPX) released its earnings data on Tuesday. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.12, AmericanBankingNews.com reports. The company had revenue of $17.70 million for the quarter, compared to the consensus estimate of $17.17 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis.
Supertex (NASDAQ:SUPX) traded up 0.86% during mid-day trading on Tuesday, hitting $24.70. 29,373 shares of the company’s stock traded hands. Supertex has a one year low of $15.74 and a one year high of $27.20. The stock has a 50-day moving average of $25.01 and a 200-day moving average of $23.02. The company has a market cap of $285.6 million and a price-to-earnings ratio of 43.65.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Supertex from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, September 27th. They now have a $29.10 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Supertex from $27.00 to $28.00 in a research note to investors on Thursday, July 25th. They now have a “buy” rating on the stock.
Supertex, Inc (NASDAQ:SUPX) is a producer of high voltage analog and mixed signal semiconductor components.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.