<div id="readability-page-1">Semtech (NASDAQ:SMTC) shares jumped nearly 5.5% during early trading hours on Tuesday as Oppenheimer upgraded the semiconductor firm to Outperform from Perform. Oppenheimer set a price target of $81, stating that Active Copper Cable (ACC) adoption to accelerate beginning in F4Q. “We estimate SMTC ACC share 70-80% and see it as a top driver of growt...</div>

SMTC

<p>Semtech shares rose 5.5% after Oppenheimer upgraded the semiconductor firm to Outperform, setting a price target of $81. The upgrade is driven by expected growth in Active Copper Cable adoption and strong demand for LoRa technology, which is projected to sustain over 20% growth. Despite a Hold rating from Seeking Alpha, analysts remain bullish on the stock, which has seen a slight increase of 0.21% this year, lagging behind the S&P Index's 13% gain.</p>

Semtech jumps over 5% on Oppenheimer upgrade to Outperform