Semtech ( NASDAQ:SMTC – Get Rating ) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $(0.02)-$0.06 for the period, compared to the consensus earnings per share estimate of $0.01. The company issued revenue guidance of $233-$243 million, compared to the consensus revenue estimate of $242.65 million. Analysts Set New Price Targets A number of analysts have commented on the stock. Susquehanna reduced their price objective on shares of Semtech from $30.

https://www.dailypolitical.com/2023/06/07/semtech-nasdaqsmtc-updates-q2-earnings-guidance.html

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