Vitesse (VTSS) Worth Watching: Stock Rises 7.4%

Zacks

Vitesse Semiconductor Corp. (VTSS) was a big mover last session with its shares rising over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the past one month’s volatile price range of $3.51 to $3.78.

This developer of semiconductor products has witnessed one positive estimate revision in the last 60 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.

Vitesse currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the technology sector are Lattice Semiconductor Corp. (LSCC), Integrated Device Technology, Inc. (IDTI) and Infineon Technologies AG (IFNNY). While LSCC sports a Zacks Rank #1 (Strong Buy), IDTI and IFNNY bear a Zacks Rank #2 (Buy).

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VITESSE SEMICONDUCTOR CORP (VTSS): Free Stock Analysis Report

LATTICE SEMICONDUCTOR CP (LSCC): Free Stock Analysis Report

(IDTI): Free Stock Analysis Report

INFINEON TECH ADS (IFNNY): Free Stock Analysis Report


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