Semtech Announces First Quarter of Fiscal Year 2021 Results
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Semtech Corp. (SMTC) PT Raised to $60 at Oppenheimer Following 1Q
May 28, 2020 8:47 AM EDTOppenheimer analyst Rick Schafer raised the price target on Semtech Corp. (NASDAQ: SMTC) to $60.00 (from $52.00) while maintaining an Outperform rating following the company's 1Q earnings report. The company reported beat/ raise results, despite COVID-19 and the loss of Huawei. 1Q sales/EPS of $133M/$0.35... More
Semtech Corp. (SMTC) PT Raised to $63 at Piper Sandler Following 1Q
May 28, 2020 8:03 AM EDTPiper Sandler analyst Harsh Kumar raised the price target on Semtech Corp. (NASDAQ: SMTC) to $63.00 (from $43.00) while maintaining a Overweight rating following the company's 1Q earnings report. In the April quarter, Semtech saw strength in the infrastructure market, but its other segments lagged due to... More
Semtech Corp. (SMTC) PT Raised to $50 at Susquehanna Following 1Q Report
May 28, 2020 7:44 AM EDTSusquehanna analyst Christopher Rolland raised the price target on Semtech Corp. (NASDAQ: SMTC) to $50.00 (from $40.00) while maintaining a Neutral rating following the company's 1Q report. Semtech reported generally in-line results and better guidance, primarily as Signal Integrity was bolstered by strong Data Center, 10G... More
Semtech (SMTC) Tops Q1 EPS by 3c, Revenues Beat; Offers 2Q EPS/Revenue Guidance Above Consensus
May 27, 2020 4:17 PM EDTSemtech (NASDAQ: SMTC) reported Q1 EPS of $0.35, $0.03 better than the analyst estimate of $0.32. Revenue for the quarter came in at $132.7 million versus the consensus estimate of $129.28 million.
Highlights for the First Fiscal Quarter 2021
Q1 FY2021 net sales of $132.7 millionQ1 FY2021 GAAP EPS of $0.15 and non-GAAP EPS of $0.35Net bookings grew 22% sequentially led by record bookings for our LoRa®-enabled, 100G data center CDRs and broad-based Protection devicesDistributor Point of Sale (POS) increased 5% sequentially and represented a new quarterly recordCash flow from operations was $26.1 million or 20% of net... More