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Enter Symbol:
 
Magma Design Automation, Inc. (LAVA) [hlAlert]

Rating:
Underperform
LAVA
up 198.33 %

Magma Design Automation, Inc. (LAVA) downgraded to Underperform by Needham

Posted on: Thursday,  Dec 15, 2011  8:25 AM ET by Needham

Needham rated Underperform Magma Design Automation, Inc. (NASDAQ: LAVA) on 12/15/2011. Previously Needham rated Buy Magma Design Automation, Inc. (NASDAQ: LAVA) on
12/04/2009., when the stock price was $2.40. Since then, Magma Design Automation, Inc. has gained 198.33% as of 12/15/2011's recent price of $7.16.
If you would have followed the previous Needham's recommendation on LAVA, you would have gained 198.33% of your investment in 741 days.

Magma Design Automation, Inc. provides design and implementation software that enables chip designers to reduce the time it takes to design and produce complex integrated circuits used in the communications, computing, consumer electronics, networking and semiconductor industries.

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
12/15/2011 8:25 AM Sell
None
7.16
as of 12/30/2011
1 Week down  -0.27 %
1 Month up  24.90 %
3 Months up  57.09 %
1 YTD up  42.64 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/4/2009 12:25 PM Buy
None
2.40 3.50
5/2/2008 9:25 AM Hold
None
7.20
7/27/2007 9:25 AM Buy
None
14.69 16.00

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