Notable Upgrades: Alcoa (AA), TASER International (TASR), Skyworks Solutions (SWKS), FireEye (FEYE), Ellie Mae (ELLI)

Analysts at Standpoint Research are out with a report this morning upgrading shares of Alcoa Inc. (AA) with a ‘Buy‘ from ‘Hold‘ rating.

Alcoa Inc. shares are currently priced at 28.85x this year’s forecasted earnings, which makes them quite expensive compared to the industry’s 5.23x earnings multiple. Ticker has a forward P/E of 11.73 and t-12 price-to-sales ratio of 0.68. EPS for the same period is $0.49.

In the past 52 weeks, shares of New York, New York-based company have traded between a low of $12.65 and a high of $17.75 and are now at $14.20. Shares are up 0.40% year-over-year ; down 14.86% year-to-date.

TASER International Inc. (TASR) was reiterated a ‘Buy’ by Dougherty & Company analysts on Friday. The broker also raised its price target on the stock to $34 from $28.

On valuation measures, TASER International Inc. shares are currently priced at 88.47x this year’s forecasted earnings compared to the industry’s (48.73x) earnings multiple. Ticker has a PEG and forward P/E ratio of 2.45 and 58.25, respectively. Price/Sales for the same period is 9.74 while EPS is $0.37. Currently there are 3 analysts that rate TASR a ‘Buy‘, 2 rate it a ‘Hold‘. No analyst rates it a ‘Sell‘. TASR has a median Wall Street price target of $28.00 with a high target of $30.00.

Skyworks Solutions Inc. (SWKS) was reiterated as ‘Buy’ with a $120 from $116 price target on Friday by MKM Partners.

SWKS is up $5.40 at $97.65 on heavy volume. Midway through trading Friday, 5.27 million shares of Skyworks Solutions Inc. have exchanged hands as compared to its average daily volume of 4.24 million shares. The stock ranged in a price between $94.20-$97.83 after having opened the day at $95.87 as compared to the previous trading day’s close of $92.25.

In the past 52 weeks, shares of Woburn, Massachusetts-based company have traded between a low of $39.95 and a high of $102.77. Shares are up 126.64% year-over-year and 27.08% year-to-date.

FireEye, Inc. (FEYE) rating of ‘Hold’ was reiterated today at Deutsche Bank with a price target increase of $44 from $40 (versus a $41.30 previous close).

FEYE is currently printing a higher than average trading volume with the issue trading 7.73 million shares, compared to the average volume of 4.66 million. The stock began trading this morning at $43.84 to currently trade 5.76% higher from the prior days close of $41.30. On an intraday basis it has gotten as low as $42.80 and as high as $44.69.

The company’s current year and next year EPS growth estimates stand at 5.60% and 25.30% compared to the industry growth rates of 18.20% and 21.00%, respectively. FEYE has a t-12 price-to-sales ratio of 15.10. EPS for the same period registers at ($3.12).

FEYE shares have advanced 5.22% in the last 4 weeks and 26.15% in the past three months. Over the past 5 trading sessions the stock has lost 5.99%.

The Milpitas, California-based company, which is currently valued at $6.80 billion, has a median Wall Street price target of $44.00 with a high target of $54.00. FireEye Inc. is up 5.20% year-over-year, compared with a 10.86% gain in the S&P 500.

Shares of Ellie Mae, Inc. (ELLI) are up $11.32 to $66.32 in mid-day trading after Needham reiterated its ‘Buy’ rating and increased its 12-month base case estimate on the name by 15 points to $75 a share.

ELLI shares recently gained $11.41 to $66.41. The stock is up 125.50% year-over-year and has gained roughly 36.41% year-to-date. In the past 52 weeks, shares of Pleasanton, California-based company have traded between a low of $23.90 and a high of $67.00.

Ellie Mae Inc. closed Thursday at $55.00. The name has a total market cap of $1.94 billion.

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