Northland on Semtech Corp. (SMTC): 'We would be aggressive buyers on weakness'

Semtech Corp. (SMTC) PT Lowered to $49 at Roth/MKM, 'we’d use the weakness as a Buying opportunity'

Roth/MKM analyst Scott Searle lowered the price target on Semtech Corp. (NASDAQ: SMTC) to $49.00 (from $56.00) while maintaining a Buy rating.

The analyst comments "SMTC handily beat 2Q expectations and cleared the 3Q decks (down 16% seq). This highlights a report of semi stabilization (core-Semtech... More

Benchmark Downgrades Semtech Corp. (SMTC) to Hold

Benchmark analyst Cody Acree downgraded Semtech Corp. (NASDAQ: SMTC) from Buy to Hold.

The analyst comments "We are lowering our rating on the shares of Semtech from a Buy to a Hold based on the firms unclear acquisition synergies of its recently... More

Semtech Corp. (SMTC) PT Lowered to $30 at Piper Sandler

Piper Sandler analyst Harsh Kumar lowered the price target on Semtech Corp. (NASDAQ: SMTC) to $30.00 (from $40.00) while maintaining a Overweight rating.... More

Semtech Corp. (SMTC) PT Lowered to $45 at B.Riley

B.Riley analyst Craig Ellis lowered the price target on Semtech Corp. (NASDAQ: SMTC) to $45.00 (from $52.00) while maintaining a Buy rating.... More

Susquehanna Upgrades Semtech Corp. (SMTC) to Positive

Susquehanna analyst Christopher Rolland upgraded Semtech Corp. (NASDAQ: SMTC) from Neutral to Positive with a price target of $30.00.

For an analyst ratings summary and ratings history on Semtech Corp. click here. For more ratings news on Semtech Corp. click here.

Shares of Semtech Corp. closed at $22.87 yesterday.

Semtech Corp. (SMTC) PT Lowered to $30 at Stifel

Stifel analyst Tore Svanberg lowered the price target on Semtech Corp. (NASDAQ: SMTC) to $30.00 (from $32.00) while maintaining a Buy rating.... More

Summit Insights Upgrades Semtech Corp. (SMTC) to Buy, 'demand recovery can now drive financial outperformance'

(Updated - September 14, 2023 6:09 AM EDT)

Summit Insights analyst KinNgai Chan upgraded Semtech Corp. (NASDAQ: SMTC) from Hold to Buy.

The analyst comments "We are upgrading SMTC to a BUY after or downgrade 2.5 years ago. We believe inventory correction in its... More

Semtech (SMTC) Tops Q2 EPS by 9c, Guidance Misses

Semtech (NASDAQ: SMTC) reported Q2 EPS of $0.11, $0.09 better than the analyst estimate of $0.02. Revenue for the quarter came in at $238.4 million versus the consensus estimate of $237.42 million.

GUIDANCE:

Semtech sees Q3 2024 EPS of ($0.09)-($0.22), versus the consensus of $0.11. Semtech sees Q3... More