Collins Stewart Incrementally More Positive With Volterra Outlook

Following Volterra Semiconductor Corporation (NASDAQ: VLTR) analyst day meeting, Collins Stewart left feeling incrementally more positive with the company's longer term outlook and reiterated its Buy rating.

“However, we are lowering our PT to $29 from $35 and trimming our 2011 estimates given limited near-term order visibility for servers,” Collins Stewart writes. “We believe our 2011 estimates will ultimately prove to be conservative given the anticipated share gains the company has garnered on Sandy Bridge in 2011 in PC NB (Huron River) and Server (Romley).”

Volterra currently trades at $21.03.