Roth Capital analyst Scott Searle raised his price target for Semtech to $63 from $54 after meeting with its CFO Emeka Chukwu and coming away increasingly comfortable with the intermediate term outlook and end market fundamentals. While investor concerns centered around macro issues, China tariffs and potential double ordering, Semtech channels remain healthy as many products are sole sourced driven by Signal Integrity, increasing Protection dollar content and penetration, and the continued strength in LoRa, he contends. Searle reiterates a Buy rating on the shares.