Semtech price target raised to $60 from $55 at Susquehanna

Susquehanna analyst Christopher Rolland raised the firm’s price target on Semtech (SMTC) to $60 from $55 and keeps a Positive rating on the shares. The firm previewed its upcoming quarterly results and expects generally in-line results/guidance, with growth primarily driven by DC/SI/LoRa. For Signal Integrity, checks remain constructive and should benefit Semtech’s PAM4 Tri-Edge CDRs, Copper-Edge linear equalizers, and Fiber-Edge TIAs.