Top 5 High Tech Companies For 2016

Top 5 High Tech Companies For 2016: Semtech Corporation(SMTC)

Semtech Corporation, together with its subsidiaries, designs, produces, and markets analog and mixed-signal semiconductor products. The company?s product lines include protection products comprising filter and termination devices that provide protection for electronic systems from voltage spikes; power management products consisting of switching voltage regulators, combination switching and linear regulators, smart regulators, and charge pumps; and discrete semiconductor products, such as rectifiers, assemblies, and other products. It also offers wired communication, ultra-high speed Serializer/Deserializer, and modulator driver products that perform timing, synchronization, and amplification functions in high-speed networks; chips and transceivers for short reach, metro, and long haul applications; and high performance transceivers for datacenter applications. In addition, the company provides wireless and sensing products that perform radio frequency functions in indust rial, medical, and networking applications; and sensing functions in industrial and consumer applications. It serves original equipment manufacturers and their subcontractors in the computing, communications, consumer, and industrial end-markets directly, and through independent distributors and sales representative firms in North America, the Asia Pacific, and Europe. Semtech Corporation was founded in 1960 and is headquartered in Camarillo, California.

Advisors' Opinion:

• [By Jayson Derrick]

  After the market close yesterday, Semtech (NASDAQ: SMTC) lowered its fourth quarter guidance. The company sees revenue in a $120 million to $130 million range from a previous $132 million to $144 million range. EPS was lowered to a $0.18 to $0.24 range from a previous $0.29 to $0.37 range. Management blamed the lowered guidance on "ongoing delays in car! rier capex spending" Analysts at Oppenheimer downgraded shares to Perform from Outperform while Raymond James downgraded shares to Outperform from Strong Buy. Williams Financial also downgraded shares to Hold from Buy with a $27 price target, lowered from a previous $32. The analysts share similar beliefs that the company is showing no near-term growth drivers. Shares hit new 52 week lows of $22.57 before closing at $24.67, down 12.11 percent.

• [By Jake L'Ecuyer]

  Equities Trading DOWN
  Shares of Semtech (NASDAQ: SMTC) were down 11.763 percent to $24.77 on lowered forecast. Raymond James downgraded the stock from Strong Buy to Outperform.

• [By Lauren Pollock]

  Semtech Corp.'s(SMTC) fiscal third-quarter profit slid 25% as the chip manufacturer posted a double-digit drop in revenue and slightly weaker gross margins.

source from Top Stocks For 2015:http://www.topstocksblog.com/top-5-high-tech-companies-for-2016.html