FSI International, Inc. (FSII) has been upgraded today by the securities research analysts at investment firm Needham which upgraded FSI International from a “hold” rating to “buy” and believes FSI International’s single wafer ORION business will begin to ramp up beginning this upcoming August. Needham has a price target performance outlook for ‘FSII’ fixed at $5.50 dollars, shares currently rest under the 5 dollar mark. ‘FSII’ began trading high this morning but has mostly ranged without much direction.
FSI International is slated to release their next earnings report on June 21st, 2011 and the current consensus EPS estimate is expected to be of a positive 9 cents. FSI International’s last earnings report was released on March 22nd, 2011 and announced EPS of 13 cents with revenue totaling $30.8 million which was up 63.0 % year to year. ‘FSII’ is currently trading between its 50 & 200-day moving averages and 2011 is currently a down year for the company.
FSI International, Inc. designs, manufactures, markets and supports equipment used in the fabrication of microelectronics, such as advanced semiconductor devices. The company has market capitalization of $156,000,000 and 38,554,000 shares outstanding. FSII has a 52-week high of $5.41 with the low being $2.22 dollars.