8 Stocks Slump to 52-Week Lows

NEW YORK ( TheStreet) -- The following stocks sank to 52-week lows on Tuesday: Vera Bradley ( VRA), Alpha Natural Resources ( ANR), Cypress Semiconductor ( CY), Electronic Arts ( EA), Riverbed Technology ( RVBD), Atmel ( ATML), STMicroelectronics ( STM) and Newmont Mining ( NEM).

Vera Bradley

"Acknowledging the immense stock price pressure on VRA shares, we continue to believe in the company able to achieve at least their guidance range of $1.68 to $1.71 this year in EPS--resulting in a valuation near 15x versus what we believe could be at least high-teens EPS growth," Piper Jaffray analysts wrote in an April 17 report. "We fully recognize that these shares may not see reprieve until clarity on the fundamentals can be achieved; that said, we believe investors willing to take on a bit more of a risk profile could likely be rewarded for buying shares at these levels. We are reiterating our Overweight rating and $50 price target on VRA shares."

Shares of Vera Bradley hit a 52-week low Tuesday of $23.54. The stock's 52-week high of $52.36 was set on May 19.

Vera Bradley trades at an estimated price-to-earnings ratio for next year of 12.11 times; the average for clothing and accessories companies is 14.72. For comparison, Perry Ellis International ( PERY) has a lower forward P/E of 7.56.

Nine of the 12 analysts who cover Vera Bradley rated it buy; three analysts gave the stock a hold rating.

The stock has fallen 24.47% year to date.

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Alpha Natural Resources

"The market for high-quality met coals (low-vol, mid vol) is firming with increased global steel production and supply disruptions in Australia," Davenport analysts wrote in a May 4 report. "However, the market for lower quality met coal (high-vol B, some blends) remains stagnant with spreads vs. benchmark prices still quite wide due to oversupply. Alpha is exposed to the lower-quality coals with half of its remaining 4.5- 5.0MM tons of unpriced volume being lower-quality. Management indicated that pricing on its open volume would likely be well below the $146/t price it has locked in on its priced volume. Thus we see Alpha's exposure to improving high-quality met markets as being limited currently. Further, we think there is some risk that Alpha does not sell all of its uncommitted volume (1.0-1.5MM tons), which is mostly lower-quality met."

Shares of Alpha Natural Resources hit a 52-week low on Tuesday of $13.40. The stock's 52-week high of $55.20 was set on June 1.

Nineteen of the 29 analysts who cover Alpha Natural Resources a buy; 10 analysts rated the stock hold.

The stock has fallen 34.12% year to date.


Cypress Semiconductor

"We have stuck with a Buy on Cypress partially due to the fact that we believe this management team has earned the benefit of the doubt to recover during soft periods," Dougherty analysts wrote in an April 20 report. "Better-than-expected Q112 margins and Q212 guidance is yet another example of why. This is a management team that knows how to maximize profitability."

Shares of Cypress Semiconductor hit a 52-week low of $13.10. The stock's 52-week low of $23.40 was set on May 31.

Cypress Semiconductor's forward P/E is 10.65; the average for semiconductors is 20.7. For comparison, Cree ( CREE) has a higher forward P/E of 22.67.

Thirteen of the 19 analysts who cover Cypress Technology rated the stock buy. Four analysts gave the stock a hold rating and two rated it sell.

The stock has fallen 20.72% year to date.

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Electronic Arts

"On its quarterly earnings call, Electronic Arts provided lower Star Wars subscription data and provided fiscal 2013 and first‐quarter guidance below expectations," William Blair analysts wrote in a report Tuesday. "For the fourth quarter, Electronic Arts reported positive results with revenue and EPS beating the Street expectations. Revenue of $977 million (down 2% year‐over‐year) was ahead of the Street consensus of $959 million and our estimate of $951 million. Non‐GAAP EPS of $0.17 (down 32% year‐over-year) were ahead of the consensus estimate of $0.16 and our estimate of $0.14."

Shares of Electronic Arts hit a 52-week low on Tuesday of $13.83. The stock's 52-week high of $26.13 was set on Nov. 14.

Electronic Arts' forward P/E is 10.5; the average for toy companies is 14.66. For comparison, Hasbro ( HAS) has a higher forward P/E of 11.5.

Analysts were split on Electronic Arts with 12 of them rating the stock a buy and another 12 giving the stock a hold rating. Two analysts rated Electronic Arts a sell.

The stock has fallen 29.37% year to date.


Riverbed Technology

"Over the course of 2Q, Riverbed is likely to tread water as the debate rages on the growth rate of the core market and the degree of market saturation," Miller Tabak analysts wrote in an April 19 report. "We strongly believe this market has substantial growth in front of it."

Shares of Riverbed Technology hit a 52-week low of $17.84 on Tuesday. The stock's 52-week high of $41.83 was set on July 7.

Riverbed Technology's forward P/E is 15.19; the average for telecommunications equipment companies is 28.93. For comparison, Harris ( HRS) has a lower forward P/E of 7.96.

Twenty-one of the 37 analysts who cover Riverbed Technology rated it hold. Fourteen analysts gave the stock a buy rating and two rated it sell.

The stock has fallen 23.7% year to date.

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Atmel

"We are lowering our rating to HOLD and reducing our price target from $11 to $9," Craig-Hallum analysts wrote in a May 3 report. "Our new price target is based on approximately 14x our revised FY13 pro forma EPS estimate of $0.63."

Shares of Atmel hit a 52-week low on Tuesday of $7.12. The stock's 52-week high of $15.40 was set on May 10.

Atmel's forward P/E is 9.85; the average for semiconductor companies is 20.46. For comparison, Advanced Micro Devices ( AMD) has a lower forward P/E of 7.86.

Eleven of the 16 analysts who cover Atmel rated it buy. Four analysts gave the stock a hold rating and one rated it sell.

The stock has fell 11.36% year to date.


STMicroelectronics

"We lower 2013 EPS by 33% to reflect softer than expected Q1 results and an underwhelming strategic review of ST-Ericsson," Deutsche Bank analysts wrote in an April 27 report. "Despite solid STM core/exwireless momentum through 2012, we view break-even prospects for the wireless JV as low. Adding further cash burn & likely increasing funding requirements for ST-Ericsson, we maintain Hold."

Shares of STMicroelectronics hit a 52-week low of $5.20 on Tuesday. The stock's 52-week high of $11.87 was set on May 10.

STMicroelectronics' forward P/E on 10.1; the average for semiconductor companies is 11.87.

Four of the eight analysts who cover STMicroelectronics rated it buy. Three analysts gave the stock a hold rating and one rated it sell.

The stock has fallen 11.3% year to date.

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Newmont Mining

"We believe Newmont has a competitive advantage since it is able, at the higher price levels, to find new projects from within its large land portfolio," JPMorgan analysts wrote in an April 30 report. "The current plan for 35% production growth by 2017 is aggressive but should be achievable while gold prices remain firm. With the current delays at the Conga project, it is looking at other areas in which to expand. Newmont offers optionality since some of the new projects would likely be deferred if gold prices were to decline sharply. Based on our option valuation methodology, NEM continues to appear undervalued. We reiterate our Overweight rating."

Shares of Newmont hit a 52-week low of $44.33 on Tuesday. The stock's 52-week high of $72.42 was set on Nov. 9.

Newmont's forward P/E is 7.95; the average for gold mining companies is 10.75. For comparison, Royal Gold ( RGLD) has a higher forward P/E of 25.55.

Eleven of the 20 analysts who cover Newmont rated it hold. Eight analysts gave the stock a buy rating and one rated it sell.

The stock has fallen 25.9% year to date.

-- Written by Alexandra Zendrian

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