Vitesse Semiconductor Research Coverage Started at Northland Securities (VTSS)
Northland Securities started coverage on shares of Vitesse Semiconductor (NASDAQ:VTSS) in a research note issued on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $5.00 price target on the stock. Northland Securities’ target price would suggest a potential upside of 75.44% from the company’s current price.
Shares of Vitesse Semiconductor (NASDAQ:VTSS) traded up 1.75% during mid-day trading on Monday, hitting $2.90. The stock had a trading volume of 37,066 shares. Vitesse Semiconductor has a one year low of $2.42 and a one year high of $4.69. The stock’s 50-day moving average is $3.14 and its 200-day moving average is $3.5. The company’s market cap is $196.3 million.
Vitesse Semiconductor (NASDAQ:VTSS) last released its earnings data on Tuesday, August 5th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.03) by $0.01. The company had revenue of $27.20 million for the quarter, compared to the consensus estimate of $27.50 million. Analysts expect that Vitesse Semiconductor will post $-0.19 EPS for the current fiscal year.
Separately, analysts at Benchmark Co. cut their price target on shares of Vitesse Semiconductor from $5.50 to $4.50 in a research note on Wednesday, August 6th.
Vitesse Semiconductor Corporation designs communications integrated circuits for network equipment. The Company designs and supplies communications integrated circuits for manufacturers of core, access, enterprise, metropolitan, and storage area network equipment.
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