Latest news with #ToreSvanberg
Business Insider
3 days ago
- Business
- Business Insider
Stifel Nicolaus Remains a Sell on Alpha and Omega (AOSL)
In a report released on June 6, Tore Svanberg from Stifel Nicolaus maintained a Sell rating on Alpha and Omega (AOSL – Research Report), with a price target of $18.00. The company's shares closed last Friday at $22.97. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Svanberg is a 5-star analyst with an average return of 15.2% and a 58.67% success rate. Svanberg covers the Technology sector, focusing on stocks such as Semtech, Credo Technology Group Holding Ltd, and Marvell. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alpha and Omega with a $26.67 average price target. Based on Alpha and Omega's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $164.64 million and a GAAP net loss of $10.81 million. In comparison, last year the company earned a revenue of $150.06 million and had a GAAP net loss of $11.21 million
Yahoo
21-05-2025
- Business
- Yahoo
Stifel Lifts PT on Analog Devices (ADI), Maintains Buy Rating Ahead of Earnings Tomorrow
On May 20, Stifel lifted the price target on Analog Devices Inc. (NASDAQ:ADI) from $225 to $248, maintaining its Buy rating on the stock. Tore Svanberg from Stifel increased the price target on ADI ahead of its earnings tomorrow. Analog Devices will report its earnings for the second quarter of 2025 before the market opening on May 22. Svanberg believes that the company's revenue will be in line with its $2.5 billion guidance. A close-up of a complex network of integrated circuits used in logic semiconductors. Analog Devices' Q1 FY2025 results were driven by growth in sectors, including industrial automation, surgical robotics, and automotive. The company anticipates a double-digit growth in these sectors in the upcoming quarters. During Q1, the company surpassed revenue estimates by $63.55 million, achieving $2.42 billion in revenue. Industrial automation, surgical robotics, and automotive sectors accounted for 44%, 30%, and 12% of the total revenue during Q1, respectively. Svanberg mentioned that the company could guide Q3 revenue at the mid-point in line with its $2.6 billion estimate. The growing semiconductor market positions ADI to capitalize on it. Analog Devices is aiming for a sustained recovery in the semiconductor cycle, with normalized inventory levels and enhanced customer engagements, as management highlighted during Q1. Analog Devices, Inc. (NASDAQ:ADI) is a prominent semiconductor company. It designs, manufactures, tests, and sells various solutions, including integrated circuits (ICs), and software and subsystems that are used in different industries. While we acknowledge the potential of ADI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ADI and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None.
Yahoo
20-05-2025
- Business
- Yahoo
Semtech Corporation (SMTC) Beats Q4 Estimates; Stifel Cuts Price Target Citing Softer Outlook and Tariff Risks
Stifel analyst Tore Svanberg recently lowered the price target on Semtech Corporation (NASDAQ:SMTC) to $35 from $54 and kept a Buy rating on the shares. Semtech Corporation (SMTC) develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. Tariff-impacts, including secondary and tertiary impacts, leave the advisory with an overarching view entering the Q1 earnings season for the Analog, Connectivity and Processors group to have generally in-line March quarter results, but softer June quarter outlooks. Regardless of where tariffs eventually shake out in magnitude, duration and breadth, the advisory believes the likelihood of the overall semiconductor industry tipping over into a cyclical downturn has increased materially, the analyst added in a preview note. A technician looking at a circuit board of analog semiconductor products. In earnings for the fourth fiscal quarter, the company reported earnings per share of $0.40, beating analyst estimates by $0.08. The revenue over the period was $251 million, beating market estimates by $1.74 million. While we acknowledge the potential of SMTC, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SMTC and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 33 Most Important AI Companies You Should Pay Attention To and 30 Best AI Stocks to Buy According to Billionaires Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
Semtech Corporation (SMTC) Beats Q4 Estimates; Stifel Cuts Price Target Citing Softer Outlook and Tariff Risks
Stifel analyst Tore Svanberg recently lowered the price target on Semtech Corporation (NASDAQ:SMTC) to $35 from $54 and kept a Buy rating on the shares. Semtech Corporation (SMTC) develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. Tariff-impacts, including secondary and tertiary impacts, leave the advisory with an overarching view entering the Q1 earnings season for the Analog, Connectivity and Processors group to have generally in-line March quarter results, but softer June quarter outlooks. Regardless of where tariffs eventually shake out in magnitude, duration and breadth, the advisory believes the likelihood of the overall semiconductor industry tipping over into a cyclical downturn has increased materially, the analyst added in a preview note. A technician looking at a circuit board of analog semiconductor products. In earnings for the fourth fiscal quarter, the company reported earnings per share of $0.40, beating analyst estimates by $0.08. The revenue over the period was $251 million, beating market estimates by $1.74 million. While we acknowledge the potential of SMTC, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SMTC and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 33 Most Important AI Companies You Should Pay Attention To and 30 Best AI Stocks to Buy According to Billionaires Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-05-2025
- Business
- Yahoo
Microchip price target raised to $70 from $60 at Stifel
Stifel analyst Tore Svanberg raised the firm's price target on Microchip (MCHP) to $70 from $60 and keeps a Buy rating on the shares after fiscal Q4 results were higher than estimates, the fiscal Q1 outlook was above expectations, and management provided an update on its 'Nine Point Recovery Plan.' The firm believes Microchip continues to move in the right direction, swiftly executing meaningful changes with immediate and long-term positive effects, the analyst tells investors in a post-earnings note. Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on MCHP: Disclaimer & DisclosureReport an Issue Qualcomm initiated, Lyft upgraded: Wall Street's top analyst calls Microchip price target raised to $52 from $43 at Truist Microchip price target raised to $55 from $35 at TD Cowen Early notable gainers among liquid option names on May 9th Microchip price target raised to $75 from $60 at B. Riley
