15 Trending AI Stocks on Latest News and Ratings

Page 2 of 15

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, B. Riley raised the price target on the stock to $85 from $61 and kept a Buy rating on the shares. The company’s Q3 result solidly exceeded consensus, and Q4’s guidance upside was even more material, the advisory told investors in a research note. The advisory cites its higher estimates and growing execution confidence for the target increase. Riley says Semtech is becoming an increasingly well-diversified AI growth play.

Page 2 of 15