Semtech Announces Fourth Quarter and Fiscal Year 2022 Results

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Semtech Corp. (SMTC) PT Lowered to $85 at Needham & Company

March 17, 2022 7:12 AM EDT

Needham & Company analyst N. Quinn Bolton lowered the price target on Semtech Corp. (NASDAQ: SMTC) to $85.00 (from $100.00) while maintaining a Buy rating.

The analyst commented, "SMTC's F4Q22 results were slightly above consensus for revenue and NG EPS, while NG GM... More

Semtech (SMTC) Tops Q4 EPS by 1c

March 16, 2022 4:16 PM EDT

Semtech (NASDAQ: SMTC) reported Q4 EPS of $0.70, $0.01 better than the analyst estimate of $0.69. Revenue for the quarter came in at $190.6 million versus the consensus estimate of $189.35 million.

GUIDANCE:

Semtech sees Q1 2023 revenue of $195-205 million, versus the consensus of $192.3... More