ThinkEquity Lowers PLX Technology to Hold (PLXT)

By admin | 7 years ago

PLX Technology (NASDAQ: PLXT) was downgraded by investment analysts at ThinkEquity from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Shares of PLX Technology traded down 0.30% during mid-day trading on Tuesday, hitting $6.64. PLX Technology has a 52 week low of $2.52 and a 52 week high of $6.70. The company’s market cap is $297.0 million.

The company last announced its quarterly results on Monday, April 30th. It reported ($0.12) earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of ($0.06) EPS by $0.06. The company’s quarterly revenue was down 9.6% on a year-over-year basis. On average, analysts predict that PLX Technology will post $0.02 earnings per share next quarter.

PLXT has been the subject of a number of other recent research reports. Analysts at Wunderlich raised their price target on shares of PLX Technology from $3.50 to $7.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Analysts at Zacks upgraded shares of PLX Technology from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, February 6th.

PLX Technology, Inc. (PLX) designs, develops, manufactures and sells integrated circuits that perform critical system connectivity functions.

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