B. Riley lowered the firm’s price target on Semtech to $45 from $52 and keeps a Buy rating on the shares. Semtech’s Q2 print was better than recently feared, but guidance for Q3 was below expectations, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on SMTC:
- Robust Q2 Drives Semtech (NASDAQ:SMTC) Shares Higher
- Semtech’s disappointing margin outlook driven by lower revenue, says Needham
- Semtech price target lowered to $49 from $56 at Roth MKM
- Semtech price target lowered to $30 from $32 at Stifel
- Susquehanna upgrades Semtech to Positive on ‘de-risked’ estimates