02:15 AM EDT, 03/17/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target to $100 from $88, on a P/E of about 34.5x our CY 27 EPS of $2.90, which is near long-term historical forward averages. We lift our FY 27 EPS forecast to $2.20 from $2.14 and keep FY 28 at $2.90. Strategically, SMTC is aggressively positioning itself for the AI infrastructure build-out. The recent acquisition of HieFo Corporation, a manufacturer of Indium Phosphide (InP) lasers, is a pivotal move to vertically integrate and increase content in next-generation optical modules. We are confident in SMTC's technology roadmap, highlighting imminent product ramps in Active Copper Cables (ACC) and 1.6T optical solutions, and project that data center revenue to grow over 50% in fiscal 2027. The HieFo acquisition increases the content opportunity from ~$8 in 800G modules to ~$80 in 3.2T modules, which could drive a $100M+ incremental revenue opportunity. The Amazon/Ring partnership launching LoRa-powered sensors in March 2027 offers additional upside for mass-market consumer applications.