Piper Jaffray On Enabling Technologies

Piper Jaffray has published a research report on Semiconductors and Enabling Technologies.

In the research report, Piper Jaffray writes on these companies:

"Atheros (NASDAQ: ATHR) is rated Overweight. Our $38 price target is based on 18x CY11E EPS. Risks for Atheros include: Speed of transition to 802.11n technology, PC industry unit demand, and timing of ramp of embedded 802.11 design wins.
Netlogic (NASDAQ: NETL) is rated Overweight. Our $36 price target is based on 25X our CY 2011E EPS estimate of $1.45. Risks for Netlogic include: 1) delayed introduction of customer products, 2) Cisco concentration, 3) delayed market ramp for 10G Ethernet, 4) carrier capex, and 5) industry cyclicality.
Monolithic Power (NASDAQ: MPWR) is rated Overweight. Our $18 price target is based on 18x our newly lowered CY2011E EPS of $1.00. Risks for Monolithic Power include, but are not limited to: 1) litigation, 2) highly competitive markets, 3) pricing pressure, 4) industry
cyclicality.
Power Integrations (NASDAQ: POWI) is rated Overweight. Our $40 price target is based on 20x our lower CY 2011 EPS estimate of $2.00. Risks for Power Integrations include: Technology changes, pricing, inventory levels, and product cycles."