Semtech Announces Second Quarter of Fiscal Year 2024 Results
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Semtech Corp. (SMTC) PT Lowered to $49 at Roth/MKM, 'we’d use the weakness as a Buying opportunity'
September 14, 2023 6:53 AM EDTRoth/MKM analyst Scott Searle lowered the price target on Semtech Corp. (NASDAQ: SMTC) to $49.00 (from $56.00) while maintaining a Buy rating.
The analyst comments "SMTC handily beat 2Q expectations and cleared the 3Q decks (down 16% seq). This highlights a report of semi stabilization (core-Semtech... More
Northland on Semtech Corp. (SMTC): 'We would be aggressive buyers on weakness'
September 14, 2023 6:52 AM EDTNorthland Capital Markets analyst Gus Richard reiterated an Outperform rating and $32.00 price target on Semtech Corp. (NASDAQ: SMTC).
The analyst comments "SMTC reported a strong quarter and provided weak guidance. We think Q3 is likely to be the bottom. The SMTC classic... More
Benchmark Downgrades Semtech Corp. (SMTC) to Hold
September 14, 2023 6:37 AM EDTBenchmark analyst Cody Acree downgraded Semtech Corp. (NASDAQ: SMTC) from Buy to Hold.
The analyst comments "We are lowering our rating on the shares of Semtech from a Buy to a Hold based on the firms unclear acquisition synergies of its recently... More
Semtech (SMTC) Tops Q2 EPS by 9c, Guidance Misses
September 13, 2023 4:17 PM EDTSemtech (NASDAQ: SMTC) reported Q2 EPS of $0.11, $0.09 better than the analyst estimate of $0.02. Revenue for the quarter came in at $238.4 million versus the consensus estimate of $237.42 million.
GUIDANCE:
Semtech sees Q3 2024 EPS of ($0.09)-($0.22), versus the consensus of $0.11. Semtech sees Q3... More
