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Semtech reports 33% Q2 revenue growth to $341.9M and raises Q3 outlook. Data center sales jump 91% on strong AI infrastructure demand.
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Northland Capital Markets analyst Gus Richard upgrades Semtech (NASDAQ:SMTC) from Market Perform to Outperform and announces $182 price target.
Read original at benzingaBaird analyst Craig Ellis maintains Semtech (NASDAQ:SMTC) with a Outperform and raises the price target from $225 to $300.
Read original at benzingaNasdaq 100 falls 0.6% as traders wait on Nvidia and hot July PCE revives September rate-hike bets. Energy leads, gold sinks 1.3% to $4,599.
Read original at benzingaMorgan Stanley analyst Joseph Moore maintains Semtech (NASDAQ:SMTC) with a Equal-Weight and raises the price target from $175 to $195.
Read original at benzinga