Market Overview

Benchmark Reiterates Buy, $9 Target on Entropic Communications


In a published update, Benchmark maintains its Buy rating and $9 target on Entropic Communications, Inc. (NASDAQ: ENTR) as it hosted the company's management team.

According to Benchmark, there were three key takeaways from the meetings: “First, we believe the MoCA chipset market Entropic addresses is still a rapidly growing end market. Second, we believe Entropic should maintain 70% to 75% MoCA chip market share throughout 2012 (down from 80% in 2011). Last, we believe Entropic's 3Q11 may have represented a near-term revenue trough, and looking forward to the next few quarters, the company's revenue growth could benefit from improving pay TV promotions and inventory replenishment.”

ENTR closed at 4.82 per share on Thursday.

Posted-In: The Benchmark CompanyAnalyst Color News Reiteration Events Analyst Ratings


Related Articles (ENTR)

View Comments and Join the Discussion!