Semtech Corp. (SMTC) PT Raised to $100 at Needham & Company

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Semtech Corp. (SMTC) PT Raised to $99 at Roth Capital

December 2, 2021 7:40 AM EST

Roth Capital analyst Scott Searle raised the price target on Semtech Corp. (NASDAQ: SMTC) to $99.00 (from $85.00) while maintaining a Buy rating.... More

Semtech Corp. (SMTC) PT Raised to $108 at B.Riley

December 2, 2021 7:38 AM EST

B.Riley analyst Craig Ellis raised the price target on Semtech Corp. (NASDAQ: SMTC) to $108.00 (from $105.00) while maintaining a Buy rating.... More

Semtech Corp. (SMTC) PT Raised to $102 at Stifel

December 2, 2021 6:51 AM EST

Stifel analyst Tore Svanberg raised the price target on Semtech Corp. (NASDAQ: SMTC) to $102.00 (from $100.00) while maintaining a Buy rating.... More

Semtech Corp. (SMTC) PT Raised to $83 at Susquehanna

December 2, 2021 6:38 AM EST

Susquehanna analyst Christopher Rolland raised the price target on Semtech Corp. (NASDAQ: SMTC) to $83.00 (from $75.00) while maintaining a Negative rating.... More

Semtech (SMTC) Tops Q3 EPS by 2c, Offers Guidance

December 1, 2021 4:24 PM EST

Semtech (NASDAQ: SMTC) reported Q3 EPS of $0.74, $0.02 better than the analyst estimate of $0.72. Revenue for the quarter came in at $194.9 million versus the consensus estimate of $193.21 million.

GUIDANCE:

Semtech sees Q4 2022 EPS of $0.65-$0.73, versus the consensus of $0.66. Semtech sees... More

Semtech (SMTC) Reports Q3 Sales of $194.9M, Non-GAAP EPS of $0.74

December 1, 2021 4:21 PM EST

Semtech Corporation (Nasdaq: SMTC), a leading supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, today reported unaudited financial results for its third quarter of fiscal year 2022, which ended October 31, 2021.

Highlights for the Third Fiscal Quarter 2022

Record net sales of $194.9 million, an increase of 5% sequentially and 27% year-over-yearRecord GAAP and non-GAAP gross margin of 63.5% and 63.8%, respectivelyRecord GAAP and non-GAAP diluted earnings per share of $0.53 and $0.74, respectivelyRecord Wireless and Sensing products group net sales driven by record LoRa® net salesRecord Signal Integrity... More