Adesto Technologies Corp (IOTS) : Adams Street Partners added new position in Adesto Technologies Corp during the most recent quarter end. The investment management firm now holds 974,605 shares of Adesto Technologies Corp which is valued at $3.6 Million , the company said in a statement filed on May 12, 2016 with the SEC.Adesto Technologies Corp makes up approximately 0.66% of Adams Street Partners’s portfolio.
Other Hedge Funds, Including , Spark Investment Management boosted its stake in IOTS in the latest quarter, The investment management firm added 6,849 additional shares and now holds a total of 23,149 shares of Adesto Technologies Corp which is valued at $86,114. Adesto Technologies Corp makes up approx 0.01% of Spark Investment Management’s portfolio. Palisade Capital Managementnj sold out all of its stake in IOTS during the most recent quarter. The investment firm sold 38,100 shares of IOTS which is valued $141,732. Blackrock Investment Management added IOTS to its portfolio by purchasing 836 company shares during the most recent quarter which is valued at $3,110. Cleary Gull Holdings sold out all of its stake in IOTS during the most recent quarter. The investment firm sold 508 shares of IOTS which is valued $1,890.Gilder Gagnon Howe Co boosted its stake in IOTS in the latest quarter, The investment management firm added 23,390 additional shares and now holds a total of 1,241,172 shares of Adesto Technologies Corp which is valued at $4 Million. Adesto Technologies Corp makes up approx 0.08% of Gilder Gagnon Howe Co’s portfolio.
On the company’s financial health, Adesto Technologies Corp reported $-0.16 EPS for the quarter, based on the information available during the earnings call on May 5, 2016. Analyst had a consensus estimate of $-0.16. The company had revenue of $10.20 million for the quarter, compared to analysts expectations of $10.20 million. The company’s revenue was up 5.2% compared to the same quarter last year.
Many Wall Street Analysts have commented on Adesto Technologies Corp. Shares were Reiterated by Needham on Apr 14, 2016 to “Strong Buy” and Lowered the Price Target to $ 8 from a previous price target of $10 .Shares were Reiterated by The Benchmark Company on Apr 13, 2016 to “Buy” and Lowered the Price Target to $ 8 from a previous price target of $9 .The Benchmark Company Initiated Adesto Technologies Corp on Feb 19, 2016 to “Buy”, Price Target of the shares are set at $9.
Adesto Technologies Corporation is a provider of application-specific non-volatile memory (NVM) products. The Company optimizes its NVM products for Internet of Things (IoT) applications including Internet-connected devices in the consumer electronics industrial medical and wearables markets. The Company’s NVM product families include DataFlash Fusion Flash and Mavriq. The Company’s products offer different feature sets and architectures and are organized into three product families based on two silicon technology platforms: floating gate and Conductive Bridging Random Access Memory (CBRAM). The Company sells its products directly to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) that manufacture products for its end customers.