Entropic advances after DA Davidson ups rating to Buy

theflyonthewall.com

Entropic (ENTR) is climbing after DA Davidson upgraded the stock to Buy from Neutral in a note to investors earlier today. The firm believes that Entropic may become the major SoC, or System on a Chip, supplier for boxes that Time Warner Cable (TWC) intends to use to support a planned rollout of its all-digital service. DA Davidson expects Technicolor to become a major supplier for the project, and the firm thinks that Technicolor's DTA, or Digital Transport Adapters , integrate Entropic's SoC solution. Time Warner Cable is beginning a pilot program of its all-digital offerings in Augusta, Maine, according to DA Davidson, which believes that the cable company may finish rolling out the product to all of its subscribers sooner than its five year target. DA Davidson raised its target price on Entropic to $7 from $6.50, and the stock gained 24c, or 4.36%, to $5.74 in mid-morning trading.

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