Semtech Announces Second Quarter of Fiscal Year 2022 Results

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Semtech Corp. (SMTC) PT Raised to $73 at Susquehanna

September 2, 2021 9:33 AM EDT

Susquehanna analyst Christopher Rolland raised the price target on Semtech Corp. (NASDAQ: SMTC) to $73.00 (from $71.00) while maintaining a Neutral rating.

The analyst commented, "A solid quarter across most of Semtechs businesses, although LoRa growth may not be enough for the most bullish of investors."

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Semtech Corp. (SMTC) PT Raised to $88 at Needham & Company

September 2, 2021 7:16 AM EDT

Needham & Company analyst N. Quinn Bolton raised the price target on Semtech Corp. (NASDAQ: SMTC) to $88.00 (from $86.00) while maintaining a Buy rating.

The analyst commented, "Semtech's F2Q22 revenue exceeded the midpoint while GM and EPS met the high end of... More

Semtech (SMTC) Tops Q2 EPS by 3c

September 1, 2021 4:21 PM EDT

Semtech (NASDAQ: SMTC) reported Q2 EPS of $0.65, $0.03 better than the analyst estimate of $0.62. Revenue for the quarter came in at $185 million versus the consensus estimate of $182.55 million.

GUIDANCE:

Semtech sees Q3 2022 revenue of $188-198 million, versus the consensus of $189... More