Semtech (SMTC) Tops Q1 EPS by 1c

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Semtech Corp. (SMTC) PT Raised to $96 at Stifel

June 3, 2021 6:39 AM EDT

Stifel analyst Tore Svanberg raised the price target on Semtech Corp. (NASDAQ: SMTC) to $96.00 (from $94.00) while maintaining a Buy rating.

The analyst commented, "Delivered solid Q, w/ Apr Q beat (+3.5% q/q vs. our +2.0% q/q est.), and Jul Q raise... More