15 AI News You Should Not Ignore

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14. Semtech Corporation (NASDAQ:SMTC)

Number of Hedge Fund Holders: 32

Semtech Corporation (NASDAQ:SMTC) develops, manufactures, and markets analog and mixed-signal semiconductors and advanced algorithms. On November 26, Piper Sandler analyst Harsh Kumar raised the price target on the stock to $75 from $60 and kept an Overweight rating on the shares. The advisory notes the company exceeded Street expectations on its Q3 results and January guidance. Trends continue to point to strong upticks in revenues driven primarily by the data center product portfolio, Piper added.

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