

Andar Capital Management HK Ltd grew its position in shares of Semtech Corporation (NASDAQ: SMTC) by 3.4% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 196,000 shares of the semiconductor company's stock after purchasing an additional 6,475 shares during the period.

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Semtech (SMTC) reported earnings 30 days ago. What's next for the stock?

The consensus price target hints at a 29.5% upside potential for Semtech (SMTC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
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