UPDATE: Topeka Capital Markets Raises PT on Volterra Semiconductor on Redirected Growth Opportunities

In a report published on Tuesday, Topeka Capital Markets analyst Suji De Silva raised the price target on Volterra Semiconductor VLTR from $15 to $17 and maintained a rating of Buy. In the report, Topeka Capital Markets stated, "Management acknowledged continued headwinds from the falloff of the notebook power business coupled with sluggish macro demand in traditional servers. As we look ahead however, we are highly encouraged by VLTR's product roadmap progress across opportunities in cloud server, communications and alternative energy." Volterra Semiconductor closed on Monday at $14.09.