Semtech Corp. (SMTC) PT Raised to $70 at Needham
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Go back to Semtech Corp. (SMTC) PT Raised to $70 at Needham
November 26, 2024 6:48 AM EST
Northland analyst Gus Richard raised the price target on Semtech Corp. (NASDAQ: SMTC) to $60.00 (from $46.00) while maintaining a Outperform rating.
The analyst comments "Reported a solid quarter and raised guidance above consensus. SMTC's physical layers networking products have the highest margin and the most... More
November 26, 2024 6:43 AM EST
Baird analyst Tristan Gerra reiterated an Outperform rating and $80.00 price target on Semtech Corp. (NASDAQ: SMTC).
The analyst commented: "Ongoing execution with the initial ramp of Semtech's ACC solution drove 24% QoQ growth in Infrastructure revenue in the quarter, with every other business rebounding... More
November 25, 2024 4:20 PM EST
Semtech (NASDAQ: SMTC) reported Q3 EPS of $0.26, $0.03 better than the analyst estimate of $0.23. Revenue for the quarter came in at $236.8 million versus the consensus estimate of $232.89 million.
GUIDANCE:
Semtech sees Q4 2025 EPS of $0.29-$0.35, versus the consensus of $0.27. Semtech sees Q4... More
November 22, 2024 2:57 PM EST
Stifel analyst Tore Svanberg raised the price target on Semtech Corp. (NASDAQ: SMTC) to $58.00 (from $50.00) while maintaining a Buy rating.
The analyst comments "Expect in-line Oct Q results with bias to the upside, contemplating the following end market expectations: (1) Infrastructure to increase sequentially, driven... More
