In a report published Friday, Topeka Capital Markets analyst Suji De Silva downgraded Volterra Semiconductor VLTR from Buy to Hold, but raised the price target from $19.00 to $23.00.
In the report, Topeka Capital Markets noted, “We are downgrading VLTR on the announcement of their acquisition by Maxim (MXIM-$27.76:NR). We believe the acquisition will close by the end of October barring any complications from stockholders, regulators or other closing conditions. We are raising our price target from $19 to $23 and downgrading VLTR from Buy to Hold.”
Volterra Semiconductor closed on Thursday at $22.91.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.