Information Provided By:
Fly News Breaks for August 30, 2018
SMTC
Aug 30, 2018 | 08:13 EDT
Needham analyst N. Quinn Bolton raised his price target on Semtech to $60 and kept his Buy rating after its "solid" Q2 results and better than expected Q3 guidance. The analyst cites the company's reported strength in its internet of things and LoRa technologies, along with its datacenter and protection products, where demand continued to recover from its smartphone customers and grow from the non-smartphone segment.
News For SMTC From the Last 2 Days
SMTC
Mar 28, 2024 | 18:16 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSTorrid... To see the rest of the story go to thefly.com. See Story Here
SMTC
Mar 28, 2024 | 16:17 EDT
Sees Q1 revenue $200M, plus or minus $5M, consensus $200.57M.
SMTC
Mar 28, 2024 | 13:05 EDT
Pre-earnings options volume in Semtech is 2.8x normal with calls leading puts 19:6. Implied volatility suggests the market is anticipating a move near 14.3%, or $3.90, after results are released. Median move over the past eight quarters is 7.5%.