Semtech (SMTC) Tops Q1 EPS by 3c, Revenues Beat; Offers 2Q EPS/Revenue Guidance Above Consensus
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Go back to Semtech (SMTC) Tops Q1 EPS by 3c, Revenues Beat; Offers 2Q EPS/Revenue Guidance Above Consensus
May 28, 2020 8:47 AM EDT
Oppenheimer 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
May 28, 2020 8:03 AM EDT
Piper 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
May 28, 2020 7:44 AM EDT
Susquehanna 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
May 28, 2020 7:02 AM EDT
Needham & Company analyst N. Quinn Bolton raised the price target on Semtech Corp. (NASDAQ: SMTC) to $65.00 (from $47.00) while maintaining a Buy rating.
The analyst commented, "Semtech reported solid F1Q21 results driven by continued strength in DC demand and record... More
