Semtech Announces Fourth Quarter and Fiscal Year 2024 Results
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Semtech Corp. (SMTC) PT Raised to $32 at CFRA
April 1, 2024 8:08 AM EDTCFRA analyst Angelo Zino raised the price target on Semtech Corp. (NASDAQ: SMTC) to $32.00 (from $25.00) while maintaining a Buy rating.
The analyst comments "We up our 12-month target to $32 from $25 on P/E of 21x our CY 25 EPS view, below historical... More
Semtech Corp. (SMTC) PT Raised to $36.50 at Northland
April 1, 2024 6:47 AM EDTNorthland analyst Gus Richard raised the price target on Semtech Corp. (NASDAQ: SMTC) to $36.50 (from $30.00) while maintaining a Outperform rating.
The analyst comments "SMTC reported in-line non-GAAP results. GAAP results were marred by $605M of Sierra Wireless impairment charges. SMTC is seeing... More
Semtech Corp. (SMTC) PT Raised to $40 at Piper Sandler
April 1, 2024 6:45 AM EDTPiper Sandler analyst Harsh Kumar raised the price target on Semtech Corp. (NASDAQ: SMTC) to $40.00 (from $30.00) while maintaining a Overweight rating.
The analyst comments "After the close on Thursday, SMTC reported a mixed January quarter with April guidance that was also mixed.... More
Semtech Corp. (SMTC) PT Raised to $31 at Stifel
April 1, 2024 6:24 AM EDTStifel analyst Tore Svanberg raised the price target on Semtech Corp. (NASDAQ: SMTC) to $31.00 (from $26.00) while maintaining a Buy rating.
The analyst comments "NT positives include: (1) improving PON demand on the release of new China tenders, DC momentum; (2) indications of a... More
Semtech Corp. (SMTC) PT Raised to $38 at Needham
April 1, 2024 6:11 AM EDTNeedham analyst N. Quinn Bolton raised the price target on Semtech Corp. (NASDAQ: SMTC) to $38.00 (from $26.00) while maintaining a Buy rating.
The analyst comments "Semtech reported a top-line 4QF24 beat and raise as POS improved enough to offset channel inventory digestion. We... More
Semtech (SMTC) climbs as Q4 revenue and guidance surpass expectations
March 28, 2024 4:55 PM EDTSemtech (NASDAQ: SMTC) saw its shares jump more than 8% in after-hours trading Thursday after the semiconductor company issued upbeat guidance for the fiscal Q1 2025 and beat Q4 2024 expectations for revenue.
For the fiscal Q4 2024, Semtech posted a loss per share of $0.06, falling... More
