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-0.0015873781982186 -0.00225772372111488 0.000557727475049773 0.000557727475049773 0.00592049165822023 0.01872409114554 0.0128920850963419 0.0242879589855795
Stock impact report

Craig-Hallum Raises PT on Semtech (SMTC) Stock [Yahoo! Finance]

Semtech Corporation (SMTC) 
Last semtech corporation earnings: 3/11 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.semtech.com/investor-relations
Company Research Source: Yahoo! Finance
On March 17, Craig-Hallum analyst Anthony Stoss lifted the firm's price objective on the company's stock to $105 from $80, while keeping a “Buy” rating, as reported by The Fly. Craig-Hallum Raises PT on Semtech (SMTC) Stock As per the firm, investors can consider owning the company's stock ahead of healthier data center growth, with LPO/TIA (Linear Pluggable Optics/Transimpedance Amplifier) and ACC (Active Copper Cable) ramps beginning to take shape. Furthermore, the firm noted that Semtech Corporation (NASDAQ:SMTC) started initial shipments of LPO product and anticipates the initial 1.6T ACC shipments during the quarter ended April. It also noted that the management expects total data center revenues to grow over 50% in FY 2027. In a separate release, Semtech Corporation (NASDAQ:SMTC) announced the acquisition of HieFo Corporation. This addition to the company's portfolio of semiconductor solutions strengthens the US technology supply chains. Also, it adds new capacity as wel Show less Read more
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