Volterra Semi (NASDAQ: VLTR) issued its quarterly earnings data on Tuesday. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.02. The company had revenue of $40.30 million for the quarter, compared to the consensus estimate of $39.41 million. During the same quarter in 2012, the company posted $0.30 earnings per share. Volterra Semi?s revenue was up 3.9% compared to the same quarter last year.
Several analysts have also recently commented on the stock. Analysts at Piper Jaffray reiterated an ?overweight? rating on shares of Volterra Semi in a research note to investors on Tuesday. They now have a $22.50 price target on the stock. On the ratings front, analysts at Barclays Capital downgraded shares of Volterra Semi from an ?overweight? rating to an ?equal weight? rating in a research note to investors on Thursday, January 3rd. They now have a $15.00 price target on the stock, down previously from $25.00. Finally, analysts at Zacks upgraded shares of Volterra Semi from an ?underperform? rating to a ?neutral? rating in a research note to investors on Tuesday, December 25th. They now have a $18.10 price target on the stock. Seven research analysts have rated the stock with a buy rating, and nine have given a hold rating to the stock. Volterra Semi currently has an average rating of ?overweight? and an average price target of $22.59.
Shares of Volterra Semi (VLTR) traded up 0.18% during mid-day trading on Tuesday, hitting $16.77. Volterra Semi (VLTR) has a 52 week low of $15.53 and a 52 week high of $34.87. The stock?s 50-day moving average is currently $16.92. The company has a market cap of $420.1 million and a P/E ratio of 18.60.
Volterra Semiconductor Corporation (Volterra) designs, develops and markets analog and mixed-signal power management semiconductors for the computing, storage, networking, and consumer markets.