hutchinson tech (HTCH:NASDAQ GS)
hutchinson tech (HTCH) Snapshot
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Open
$6.21
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Previous Close
$6.10
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Day High
$6.33
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Day Low
$6.02
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52 Week High
06/12/13 - $6.69
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52 Week Low
07/25/12 - $1.20
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Market Cap
167.8M
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Average Volume 10 Days
523.8K
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EPS TTM
$-1.55
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Shares Outstanding
27.3M
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EX-Date
--
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P/E TM
--
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Dividend
--
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Dividend Yield
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hutchinson tech (HTCH) Related Businessweek News
No Related Businessweek News Foundhutchinson tech (HTCH) Details
Hutchinson Technology Incorporated engages in the research, design, development, manufacture, and supply of suspension assemblies for hard disk drives. It operates in two divisions, Disk Drive Components and BioMeasurement. The Disk Drive Components division manufactures suspension assemblies for various sizes and types of hard disk drives. These suspension assemblies are components of disk drives that hold the read/write heads in position above the spinning magnetic disks. This division sells its suspension assemblies to original equipment manufacturers and subassemblers. The BioMeasurement division provides the InSpectra StO2 System, which consists of the InSpectra StO2 Tissue Oxygenation Monitor and the InSpectra StO2 Spot Check for use in emergency medicine, trauma, and critical care settings to directly monitor the compromised tissue perfusion associated with shock. This device provides a measure of StO2, which quantifies the ratio of oxygenated hemoglobin to total hemoglobin in the microcirculation of skeletal or peripheral muscle. This division sells its products to medical centers through distributors and direct sales force. Hutchinson Technology Incorporated operates in Thailand, Hong Kong, Japan, the Philippines, China, Malaysia, the United States, and other foreign countries. The company was founded in 1965 and is headquartered in Hutchinson, Minnesota.
hutchinson tech (HTCH) Top Compensated Officers
hutchinson tech (HTCH) Key Developments
Hutchinson Technology Inc. announced unaudited consolidated earnings results for the second quarter and six months ended March 31, 2013. For the quarter, net sales were $60,930,000 compared to $65,483,000 for the same period a year ago. Loss from operations was $2,056,000 compared to $4,148,000 for the same period a year ago. Income before income taxes was $1,830,000 compared to loss before income taxes of $7,470,000 for the same period a year ago. Net income was $1,867,000 compared to net loss of $7,545,000 for the same period a year ago. Basic and diluted earnings per share were $0.07 compared to loss per share of $0.32 for the same period a year ago. Adjusted net loss was $3,967,000 compared to $11,809,000 for the same period a year ago. Adjusted net loss per common share, basic and diluted was $0.16 compared to $0.50 for the same period a year ago. Cash generated from operations totaled $3.7 million. Capital expenditures were $7.6 million. Free cash flow was negative $3.9 million, influenced by $4.2 million of unfavorable changes in inventories, payables and receivables. For the six months, net sales were $124,629,000 compared to $123,958,000 for the same period a year ago. Loss from operations was $5,158,000 compared to $12,257,000 for the same period a year ago. Loss before income taxes was $4,646,000 compared to $19,902,000 for the same period a year ago. Net loss was $4,655,000 compared to $20,021,000 for the same period a year ago. Basic and diluted loss per share was $0.19 compared to $1.86 for the same period a year ago. Cash provided by operating activities was $2,130,000 compared to $23,532,000 for the same period a year ago. Capital expenditures were $12,697,000 compared to $13,861,000 for the same period a year ago. The company expected its capital expenditures to be about $20 million for the year 2013. Tax rate is expected to be near 0% in fiscal 2013.
Hutchinson Technology Inc., Q2 2013 Earnings Call, Apr 30, 2013
Hutchinson Technology Inc. announced that they will report Q2, 2013 results at 5:00 PM, Eastern Standard Time on Apr 30, 2013
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Industry Analysis
HTCH
Industry Average
| Valuation | HTCH | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.6x |
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| Price/Book | 1.0x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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