Semtech Likely To Report Higher Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Group 1 - Semtech Corporation is set to release its first-quarter earnings results on May 27, with analysts expecting earnings of 37 cents per share, a significant increase from 6 cents per share in the same period last year [1] - The company is projected to report quarterly revenue of $250.09 million, up from $206.1 million a year earlier [1] - On May 12, Semtech announced the appointment of Mitch Haws as the senior vice president of investor relations [2] Group 2 - Semtech shares experienced a decline of 1.4%, closing at $37.28 [2] - Stifel analyst Tore Svanberg maintained a Buy rating and raised the price target from $35 to $42 [7] - UBS analyst Timothy Arcuri maintained a Buy rating but reduced the price target from $60 to $55 [7] - Morgan Stanley analyst Joseph Moore initiated coverage with an Equal-Weight rating and a price target of $30 [7] - Benchmark analyst Cody Acree maintained a Buy rating and lowered the price target from $82 to $68 [7] - Needham analyst Quinn Bolton reiterated a Buy rating with a price target of $54 [7]