Trading Report: Today, Stifel Nicolaus lowers the Stock rating of Mattson Technology, Inc. (MTSN)

Today, Stifel Nicolaus lowers the Stock rating of Mattson Technology, Inc. (MTSN)

Mattson Technology, Inc. (NASDAQ:MTSN) was downgraded by equities research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, The Fly reports. They currently have a $38.00 target price on the stock, down from their previous target price of $46.00.

Shares of Mattson Technology (NASDAQ:MTSN) remained flat at $3.60 during mid-day trading on Tuesday. 122,103 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $3.64 and a 200 day moving average price of $3.36. Mattson Technology has a 1-year low of $2.13 and a 1-year high of $3.99.

A hedge fund recently raised its stake in Mattson Technology stock. Kennedy Capital Management Inc. boosted its stake in Mattson Technology, Inc. (NASDAQ:MTSN) by 51.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,262,960 shares of the company’s stock after buying an additional 430,025 shares during the period. Kennedy Capital Management Inc. owned 1.68% of Mattson Technology worth $4,610,000 as of its most recent filing with the SEC.

About Mattson Technology

Mattson Technology, Inc is a United States-based company, which provides a global semiconductor wafer processing equipment. The Company is engaged in designing, manufacturing, marketing and supporting semiconductor wafer processing equipment, which uses in the fabrication of integrated circuits. It operates in four product sectors: dry strip, etch, conventional rapid thermal processing and millisecond anneal.

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