Semtech Optical Networking Solutions for Next-Generation Networks on Display at 2016 China International Optoelectronic Expo

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Drexel Hamilton Raises Price Target on Semtech (SMTC) Following 2Q Beat

September 1, 2016 6:47 AM EDT

Drexel Hamilton reiterated a Buy rating on Semtech Corp. (NASDAQ: SMTC), and raised the price target to $32.00 (from $29.00), following the company's 2Q earnings report. SMTC reported sales of $135.9 million, slightly ahead of the consensus of $135.4 million. EPS was $0.35, ahead of the Street's consensus of $0.33.... More