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Fly News Breaks for November 29, 2018
SMTC
Nov 29, 2018 | 06:15 EDT
Semtech provided January guidance with strong trends in LoRa and clock data recovery but offset by broader weakness, particularly in handsets, Piper Jaffray analyst Harsh Kumar tells investors in a research note. The analyst raised his fiscal 2020 estimates on expectations the company's core, high-growth areas, like LoRa and signal integrity will grow in the first half of the fiscal year. He also upped his price target for the shares to $57 from $55. Kumar views Semtech's execution as strong and reiterates an Overweight rating on the shares.
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%.