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down 12.94 %

ENTROPIC COMMUNICATI (ENTR) downgraded to Hold by Needham

Posted on: Wednesday,  Feb 4, 2015  8:25 AM ET by Needham

Needham rated Hold ENTROPIC COMMUNICATI (NASDAQ: ENTR) on 02/04/2015. Previously Needham rated Buy ENTROPIC COMMUNICATI (NASDAQ: ENTR) on 06/10/2014., when
the stock price was $3.40. Since then, ENTROPIC COMMUNICATI has lost 12.94% as of 02/04/2015's recent price of $2.96.
If you would have followed the previous Needham's recommendation on ENTR, you would have lost 12.94% of your investment in 239 days.

Entropic Communications, Inc. (Entropic Communications), is a fabless semiconductor company that designs, develops and markets systems solutions to enable connected home entertainment. The Company's products include home networking chipsets based on the multimedia over coax alliance (MoCA) standard; high-speed broadband access chipsets; integrated circuits for digital broadcast satellite (DBS) services, and silicon television tuner integrated circuits. During the year ended December 31, 2008, 95.3% of the Company's revenues were derived from Asia, 2.6% were derived from Europe, and 2.1% were derived from the United States and other North American countries. Ten customers accounted for approximately 95% of the Company's revenues, and Motorola, Actiontec, Wistron and Jabil Circuit accounted for 36%, 20%, 10% and 8%, respectively, of its revenues.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/4/2015 8:25 AM Hold
as of 8/27/2015
1 Week   
1 Month   
3 Months   
1 YTD down  -12.94 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/10/2014 12:00 AM Buy
3.40 4.50
5/1/2013 8:25 AM Hold
3.64 6.00
3/18/2013 1:25 PM Buy
4.30 6.00
2/6/2013 12:25 PM Buy
4.86 7.00
7/9/2012 8:25 AM Buy
5.64 8.00

(*) Stock Price at the time of the recommendation.
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