Silberstein Asaf sold $750K of SMTC (indirect holdings)

Tower Semiconductor (TSEM) stock rose 8.81% after expanding a multi-year silicon germanium manufacturing agreement with Semtech. The deal secures dedicated capacity for Semtech across TSEM's global facilities, tying TSEM to AI data center growth. TSEM trades at 16.5x sales and 8.9x book value, with $1.57B revenue and $17.95B enterprise value. The stock corrected from $258 to $179 recently, with support near $170.

Credo Technology's shares rose 7% following Super Micro's revised fiscal first-quarter revenue forecast, which increased by about $4 billion due to higher AI platform demand. Super Micro now expects $18.5B-$19.5B in revenue. Analysts anticipate Credo's revenue to nearly double to $2.5B by fiscal 2027. Other AI-related stocks like Lumentum, Coherent, Semtech, and Astera Labs also saw gains.

B.Riley reiterated a Buy rating and $210 price target on Semtech (SMTC) after its Data Center Analyst Day, citing increased fiscal 2027 outlook and fiscal 2030 targets. Semtech guided Q3 fiscal 2027 midpoint sales up 56% YoY, with Data Center business expected to double by fiscal 2028. The stock has gained 96% YTD but trades above Fair Value according to InvestingPro data.

StoneX maintained a Buy rating and $230 price target for Semtech (SMTC) after its stock fell 10% following an analyst day presentation. The decline was attributed to growth expectation resets and AI trading skepticism. Semtech adjusted its Q3 fiscal 2027 outlook, raising revenue and EPS projections, and set fiscal 2030 targets. Analysts have mixed views on its valuation and future performance.

Semtech, a semiconductor company, aims to more than double its data center revenue by financial 2028 and 2029. Baird reaffirmed its 'outperform' rating and $300 price target, citing strong demand for copper, fiber, and optical connectivity. The company's CopperEdge and FiberEdge portfolios are gaining market share, with significant power savings and performance improvements.

TD Cowen maintained a Buy rating on Semtech with a $215 price target, suggesting a 49.1% upside from the Oct 15 close. The firm expects strong revenue growth, driven by datacenter and IoT markets, and highlights Semtech's expertise in signal integrity.