Semtech (SMTC) Tops Q1 EPS by 3c, Offers Q2 Guidance

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Semtech Corporation (SMTC) Seems To Have Turned The Corner - Drexel Hamilton

June 2, 2016 6:25 AM EDT

Drexel Hamilton analyst, Cody Acree thinks Semtech (NASDAQ: SMTC) may have turned the corner. No change to Buy rating but PT increases to $29 (from $26).

Semtech delivered a strong April quarter and provided an encouraging July outlook. SMTC looks to be benefitting from a generally... More