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Semtech (NASDAQ:SMTC – Get Free Report) issued its quarterly earnings results on Wednesday. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.09, MarketWatch Earnings reports. Semtech had a positive return on equity of 2.56% and a negative net margin of 53.62%. The company had […]
Semtech (NASDAQ:SMTC – Get Free Report) posted its earnings results on Wednesday. The semiconductor company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.09, MarketWatch Earnings reports. The business had revenue of $238.37 million for the quarter, compared to analyst estimates of $237.37 million. Semtech had a positive […]
Semtech (NASDAQ:SMTC – Get Free Report) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $(0.22)-(0.09) for the period, compared to the consensus estimate of $0.12. The company issued revenue guidance of $190-210 million, compared to the consensus revenue estimate of $247.66 million. […]
Semtech (NASDAQ:SMTC – Get Free Report) had its target price reduced by stock analysts at Piper Sandler from $40.00 to $30.00 in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The brokerage currently has an “overweight” rating on the semiconductor company’s stock. Piper Sandler’s price target would suggest a potential […]
Shares of Semtech Co. (NASDAQ:SMTC – Get Free Report) gapped up prior to trading on Thursday following a stronger than expected earnings report. The stock had previously closed at $22.87, but opened at $24.20. Semtech shares last traded at $23.67, with a volume of 2,078,853 shares changing hands. The semiconductor company reported $0.11 EPS for […]