Notable Upgrades: Netflix (NFLX), Luminex (LMNX), Rudolph Technologies (RTEC), Virgin America (VA), Integrated Device Technology (IDTI)

In a report published Tuesday, Guggenheim analysts initiated coverage on Netflix, Inc. (NFLX) with a ‘Buy‘ rating and $160 price target.

On valuation measures, Netflix Inc. shares currently have a PEG and forward P/E ratio of 23.26 and 404.87, respectively. Price/sales for the same period is 7.85 while EPS is $0.45. Currently there are 19 analysts that rate NFLX a ‘Buy’, 15 rate it a ‘Hold’. 3 analysts rate it a ‘Sell’. NFLX has a median Wall Street price target of $120 with a high target of $155.

In the past 52 weeks, shares of Los Gatos, California-based company have traded between a low of $45.08 and a high of $122.78 and are now at $121.41. Shares are up 85.22% year-over-year and 130.65% year-to-date.
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Analysts at Wedbush are out with a report this morning upgrading shares of Luminex Corporation (LMNX) with a ‘Outperform‘ from ‘Neutral‘ rating. Luminex reported solid 2Q/15 financial results yesterday, beating expectations on both revenue and earnings. EPS came in at $0.27 per share on revenues of $58.9 million, up 5.9% from a year ago. Analysts were expecting EPS of $0.13 on revenues of $57.07 million.

LMNX shares recently gained $3.06 to $20.37. Over the past year, shares of Austin, Texas-based developer of proprietary biological testing technologies have traded between a low of $15.05 and a high of $21.69. Shares are down 3.73% year-over-year and 7.73% year-to-date.
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Analysts at Barrington Research upgraded their rating on the shares of Rudolph Technologies Inc. (RTEC). In a research note published on Tuesday, the firm lifted the name with a ‘Outperform‘ from ‘Market Perform‘ rating and set a 12-month base case estimate of $15 per share.

Rudolph Technologies shares recently gained $2.02 to $12.98. The stock is up more than 18% year-over-year and has gained roughly 7% year-to-date. In the past 52 weeks, shares of Flanders, New Jersey-based company have traded between a low of $8.10 and a high of $13.84.

Rudolph Technologies Inc. closed Monday at $10.96. The name has a current market cap of $414.53 million.
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Virgin America Inc. (VA) was upgraded to ‘Buy‘ from ‘Underperform‘ by BofA/Merrill (BAC) analysts on Tuesday. The broker also set its price target on the stock at $41.

VA is currently printing a higher than average trading volume with the issue trading 2.35 million shares, compared to the average volume of 814K. The stock began trading this morning at $34.50 to currently trade 8.33% higher from the prior days close of $33.63. On an intraday basis it has gotten as low as $34.49 and as high as $36.58.

On valuation measures, Virgin America Inc. shares are priced at 7.59x this year’s forecasted earnings, compared to the industry’s 55.97x earnings multiple. The company’s current year EPS growth estimate stands at 120.30% compared to the industry growth rate of 64.70%. VA has a t-12 price-to-sales ratio of 0.97. EPS for the same period registers at $4.80.

Virgin America shares have advanced 23.19% in the last 4 weeks and 19.55% in the past three months. Over the past 5 trading sessions the stock has gained 16.81%. The Burlingame, California-based air traveler services company, which is currently valued at $1.57 billion, has a median Wall Street price target of $38.00 with a high target of $47.00. Virgin America Inc. is up year-over-year, compared with a 9.26% gain in the S&P 500.
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Integrated Device Technology, Inc. (IDTI) was reiterated a ‘Buy’ by Chardan Capital Markets analysts on Tuesday. The broker also raised its price target on the stock to $32 from $30 noting with the lingering concern of weakness in China and base-station market removed, firm believes the developer of a range of semiconductor solutions for the communications, computing, and consumer industries is now poised to continue to execute on several fronts.

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