Information Provided By: 
Fly News Breaks for December 12, 2017
SMTC
Dec 12, 2017 | 07:48 EDT
As reported earlier, Needham analyst N. Quinn Bolton initiated Semtech with a Buy rating and a price target of $42. Bolton says the company can grow its sales by 8% per year through FY20 amid "adoption of its LoRa transceivers for long-range Internet of Things networks, strong growth in the ClearEdge CDR and FiberEdge PMD ICs for data center optical modules, and the increasing requirement for discrete circuit protection devices." The analyst recommends that investors use the post-Q3 weakness in the stock price to accumulate shares.
News For SMTC From the Last 2 Days
There are no results for your query SMTC
