Semtech (SMTC) Tops Q4 EPS by 1c, Q1 Guidance Beats

Go back to Semtech (SMTC) Tops Q4 EPS by 1c, Q1 Guidance Beats

Semtech (SMTC) Beat and Raise Puts China Fears to Rest - Drexel Hamilton

March 3, 2016 9:43 AM EST

After two years of declining sales, Drexel Hamilton analyst, Cody Acree, thinks Semtech Corp. (NASDAQ: SMTC) is in a position where the bulk of the negative pressure is behind it and several growth drivers are likely drive growth in FY17. The firm reiterated a Buy rating and price target of $26.

For Q4, Semtech delivered sales of... More