15 AI Stocks on Wall Street’s Radar

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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 semiconductor and advanced algorithms. On November 26, Benchmark raised the price target on the stock to $82 from $56 and kept a Buy rating on the shares following solid fiscal Q3 earnings and guidance. Semtech is forecasting Q4 sales that handily beat the Street consensus by $9 million, and its Q4 EPS projection of 32c also nicely beat the Street’s estimate by 6c, the advisory told investors in a research note.

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