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Hutchinson Technology NASDAQ: HTCH is a company that specializes in the design and manufacture of precision technologies. Hutchinson's primary products are suspension assemblies that hold magnetic read-write heads at microscopic distances above the disks in rigid disk drives.
Hutchinson Technology was founded in 1965, initially to produce gyroscope components for missiles. It next supplied printed circuit boards to Minnesota's two largest computer companies, Univac and Control Data. With contracts from Control Data and IBM in the 1970s, it developed the specialized mechanisms that precisely positioned the read-write heads for magnetic disk drives. It grew to employ 3,000 people (2001-2010).
On November 2, 2015 Japanese electronics company TDK announced plans to purchase Hutchinson Technology for $126 million.
Hutchinson's manufacturing plants and logistics warehouses are located in Hutchinson, Minnesota; Plymouth, Minnesota; and Eau Claire, Wisconsin. Logistics warehouses are located in Brooklyn Park, Minnesota.
Disk Drive Division Asian sales offices are located in Dongguan, China; Wuxi, China; Tokyo, Japan; Seoul, Korea; Singapore; and Bangkok, Thailand.
BioMeasurement Division European sales offices are located in Arnhem, The Netherlands.
| 2015-11-03 | Boost Price Target | Benchmark Co. | Hold | $2.00 to $4.00 |
| 2015-08-10 | Initiated Coverage | Northland Securities | Outperform | $4.00 |
| 2015-06-10 | Initiated Coverage | Benchmark Co. | Hold | $2.00 to $2.80 |
| 2014-10-01 | Reiterated Rating | Panmure Gordon | Buy | |
| 2014-08-01 | Upgrade | Craig Hallum | Hold to Buy | $3.50 to $5.50 |
| 2011-03-23 | Upgrade | Avian | Neutral to Positive | |
| 2009-09-08 | Upgrade | Needham | Underperform to Hold | |
| 2008-07-30 | Upgrade | Brean Murray | Sell to Hold | $15 |
| 2008-04-30 | Reiterated | Brean Murray | Sell | $18 to $15 |
| 2008-04-30 | Downgrade | Caris & Company | Average to Below Average | $23 to $13 |
| 2008-01-30 | Reiterated | Needham & Co | Buy | $28 to $23 |
| 2008-01-30 | Reiterated | Deutsche Securities | Hold | $26 to $20 |
| 2008-01-30 | Downgrade | Caris & Company | Above Average to Average | $27 to $23 |
| 2008-01-30 | Downgrade | Brean Murray | Hold to Sell | $28 to $18 |
| 2008-01-30 | ||||
| 2007-11-09 | Upgrade | Caris & Company | Average to Above Average | $25 to $27 |
| 2007-11-07 | Upgrade | Caris & Company | Below Average to Average | $20 to $25 |
| 2007-08-30 | Reiterated | Brean Murray | Hold | $22 to $24 |
| 2007-08-01 | Upgrade | WR Hambrecht | Hold to Buy | |
| 2007-08-01 | Upgrade | Needham & Co | Hold to Buy | $24 |
| 2015-11-03 | Boost Price Target | Benchmark Co. | Hold | $2.00 to $4.00 |
| 2015-08-10 | Initiated Coverage | Northland Securities | Outperform | $4.00 |
| 2015-06-10 | Initiated Coverage | Benchmark Co. | Hold | $2.00 to $2.80 |
| 2014-10-01 | Reiterated Rating | Panmure Gordon | Buy | |
| 2014-08-01 | Upgrade | Craig Hallum | Hold to Buy | $3.50 to $5.50 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In HTCH 1 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| Dynamic Technology Lab Pte Ltd | 17972 |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| FORTUN WAYNE M President & CEO | 1.20% (337219) | CHRW / GK / HTCH / |
| VERHAGE THOMAS R | 0.74% (206399) | FELE / HTCH / |
| PENN RICHARD J Senior VP, Pres of BioM Div | 0.35% (98458) | HTCH / |
| SORAN PHILIP | 0.27% (75197) | HTCH / PJC / SPSC / |
| RUSSOMANNO FRANK P | 0.24% (66803) | ERI / HTCH / |
| MONAHAN WILLIAM T | 0.23% (65088) | HTCH / MOS / PNR / |
| SCHAEFER RICHARD S VP, CTO | 0.19% (54500) | HTCH / |
| Aronson Martha Goldberg | 0.18% (50000) | CNMD / CSII / ECL / HTCH / MEI / |
| HUFFER RUSSELL | 0.17% (47693) | HTCH / |
| Jelkin Duane Mark Vice President of Engineering | 0.12% (33520) | HTCH / |
| Radloff David P VP & CFO | 0.08% (23008) | HTCH / |
| Augusti Mark A | 0.05% (13923) | HTCH / IART / |
| HENLEY GARY D | 0.04% (10275) | HTCH / |
| Ruzicka Dale M. Vice President of Operations | 0.03% (7403) | HTCH / |
| Pautz Connie L. VP of Human Resources | 0.02% (5772) | HTCH / |
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