MoSys (NASDAQ:MOSY) Upgraded to Buy by Benchmark

MoSys (NASDAQ:MOSY) was upgraded by research analysts at Benchmark from a “hold” rating to a “buy” rating in a report issued on Wednesday, November 15th, The Fly reports.

Shares of MoSys (NASDAQ:MOSY) traded down $0.05 during mid-day trading on Wednesday, hitting $1.15. 247,984 shares of the company were exchanged, compared to its average volume of 849,034. MoSys has a 52-week low of $0.55 and a 52-week high of $5.00.

MoSys (NASDAQ:MOSY) last announced its quarterly earnings data on Monday, November 13th. The semiconductor producer reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.30. The firm had revenue of $2.45 million during the quarter. MoSys had a negative net margin of 383.73% and a negative return on equity of 131.45%.

A hedge fund recently bought a new stake in MoSys stock. Susquehanna International Group LLP acquired a new position in shares of MoSys Inc. (NASDAQ:MOSY) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 165,605 shares of the semiconductor producer’s stock, valued at approximately $283,000. Susquehanna International Group LLP owned about 2.07% of MoSys at the end of the most recent quarter. 15.05% of the stock is currently owned by hedge funds and other institutional investors.

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MoSys Company Profile

MoSys, Inc (MoSys), together with its subsidiaries, is a fabless semiconductor company focused on the development and sale of integrated circuits (ICs) for the high-speed networking, communications, storage and computing markets. The Company has developed approximately two IC product lines under the Bandwidth Engine and LineSpeed product names.

The Fly

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