Semtech Announces Second Quarter of Fiscal Year 2020 Results
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Semtech Corp. (SMTC) PT Lowered to $55 at B.Riley/FBR
August 29, 2019 4:36 AM EDTB.Riley/FBR analyst Craig Ellis lowered the price target on Semtech Corp. (NASDAQ: SMTC) to $55.00 (from $60.00) while maintaining a Buy rating.
... MoreSemtech (SMTC) Tops Q2 EPS by 3c, Revenues Beat; Offers Q3 EPS Guidance Below Consensus
August 28, 2019 4:22 PM EDTSemtech (NASDAQ: SMTC) reported Q2 EPS of $0.38, $0.03 better than the analyst estimate of $0.35. Revenue for the quarter came in at $137.1 million versus the consensus estimate of $134.7 million.
Highlights for the Second Fiscal Quarter 2020
Q2 FY2020 net sales increased 4% sequentially to $137.1 millionQ2 FY2020 GAAP EPS of $0.08 and non-GAAP EPS of $0.38The Internet of Things (IoT) and hyper scale data center markets experienced strong sequential growthDistributor Point of Sale (POS) increased 12%... More