Semtech (SMTC) Tops Q3 EPS by 1c; Guides Q4 EPS Lower Sequentially

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Go back to Semtech (SMTC) Tops Q3 EPS by 1c; Guides Q4 EPS Lower Sequentially

UPDATE: Oppenheimer Upgrades Semtech Corp. (SMTC) to Outperform

December 1, 2016 7:30 AM EST

(Updated - December 1, 2016 9:12 AM EST)

Oppenheimer upgraded Semtech Corp. (NASDAQ: SMTC) from Perform to Outperform with a price target of $36. Analyst Rick Schafer thinks growth is on track.

"We are raising estimates and upgrading SMTC to Outperform after the... More

RBC Capital Raises Price Target on Semtech (SMTC) Following 3Q Report

December 1, 2016 7:26 AM EST

RBC Capital reiterated a Sector Perform rating on Semtech Corp. (NASDAQ: SMTC), and raised the price target to $32.00 (from $28.00), following the company's 3Q earnings report. SMTC reported results slightly ahead of Street on both revenue/EPS at $140.9M/$0.37 vs. Street at $138.5M/ $0.36.

Analyst Mitch... More