Semtech (SMTC) Tops Q1 EPS by 3c, Revs Miss

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Baird Remains Bullish on Semtech (SMTC) Following 1Q Report

June 1, 2017 7:27 AM EDT

Baird reiterated an Outperform rating and $45.00 price target on Semtech Corp. (NASDAQ: SMTC) following the company's 1Q earnings report. SMTC reported EPS of $0.44, above the high end of guidance of $0.39-$0.43. Revenue of $149.1 million was up 5.2% sequentially and almost at the high end of... More