Collins Stewart Maintains Buy on Volterra Semiconductor

Collins Stewart is out with its report today on Volterra Semiconductor VLTR, maintaining Buy. In its report, Collins Stewart writes, "Following Inphi's negative preannouncement last night, we are lowering our forward estimates on VLTR reflecting a delay in the ramp of Intel's Romley (Server) platform to Q1'12. Given the preannouncement is primarily a timing issue, we continue to maintain our Buy rating and $33 PT, as we do not see this delay impacting our Buy thesis on the stock." Shares of VLTR closed Tuesday at $21.81.