- From $55 prior (current price $55.46), analyst Christopher Rolland cites an ongoing focus on M&A activity in the sector (notes more than 20% of publicly traded semiconductor names have been acquired in past two years) and a fundamental backdrop which remains strong due to large hyperscale and cloud build-outs, acceleration of infrastructure and defense spending, and a "bona-fide optical super-cycle."
- Restates rating on Microsemi (NASDAQ:MSCC) at Positive.