Published On: Wed, Oct 19th, 2016

Hutchinson Technology Incorporated (NASDAQ:HTCH) Updated Analyst Coverage


A number of investment brokers have recently updated their price targets on shares of Hutchinson Technology Incorporated (NASDAQ:HTCH).

Most recent broker ratings

11/03/2015 – Hutchinson Technology Incorporated had its “hold” rating reiterated by analysts at Benchmark. They now have a USD 4 price target on the stock.

08/10/2015 – Northland Securities began new coverage on Hutchinson Technology Incorporated giving the company a “outperform” rating. They now have a USD 4 price target on the stock.

05/01/2015 – Hutchinson Technology Incorporated was downgraded to “sell” by analysts at Zacks.

01/13/2015 – Hutchinson Technology Incorporated had its “buy” rating reiterated by analysts at Noble Financial. They now have a USD 4.4 price target on the stock.

10/01/2014 – Hutchinson Technology Incorporated had its “buy” rating reiterated by analysts at Panmure Gordon. They now have a USD 1200 price target on the stock.

01/20/2014 – Hutchinson Technology Incorporated was upgraded to “hold” by analysts at Thomson Reuters/Verus.

The share price of Hutchinson Technology Incorporated (NASDAQ:HTCH) was up +0.00% during the last day of trading, with a day high of 0.00. 0 shares were traded during the last session.

The stock’s 50 day moving average is 2.82 and its 200 day moving average is 3.03.Hutchinson Technology Incorporated has a 52-week low of 1.32 and a 52-week high of 4.00.

Hutchinson Technology Incorporated is a global supplier of critical precision component technologies. The Company is engaged in manufacturing suspension assemblies for all sizes and types of hard disk drives. Suspension assemblies are components of disk drives that hold the read/write heads in position above the spinning magnetic disks. It manufactures its suspension assemblies with technology and processes with low part-to-part variation. The Company categorizes its products as either suspension assemblies or other revenue, which consists primarily of revenue outside of the disk drive industry for precision component manufacturing, tool design, tool build and metrology, suspension assembly components, reimbursement for disk drive industry-related engineering services and specific disk drive program capacity, and biomeasurement products. It sells its suspension assemblies to original equipment manufacturers.