Semtech (SMTC +3.4%) pops on an upgrade to Buy from Lazard, which is setting a $31 target. The...

|About: Semtech Corporation (SMTC)|By:, SA News Editor

Semtech (SMTC +3.4%) pops on an upgrade to Buy from Lazard, which is setting a $31 target. The firm praises Semtech's recently-closed acquisition of Gennum, a Canadian analog/mixed-signal chipmaker focused on the optical communications and video broadcast markets, as well as the company's emerging markets growth.