Information Provided By:
Fly News Breaks for May 30, 2019
SMTC
May 30, 2019 | 07:23 EDT
Oppenheimer analyst Rick Schafer lowered his price target for Semtech to $52 from $60 after the company reported earnings. While the analyst expects shipments to eventually resume, he has excluded Huawei's direct/indirect contribution from his model going forward. He reiterates an Outperform 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%.