Semtech Slides Despite Record Q1 Sales: 4 Analysts Maintain Ratings

Shares of Semtech Corp SMTC were down 5.8% at last check on Wednesday, despite the company’s upbeat first-quarter results.Here are some key analyst takeaways.Stifel analyst Tore Svanberg reiterated a Buy rating, while raising the price target from $42 to $45.Piper Sandler analyst Harsh Kumar maintained an Overweight rating and price target of $55.Roth Capital Partners analyst Scott Searle reaffirmed a Buy rating and price target of $65.Cantor Fitzgerald analyst Quinn Bolton maintained a Buy rating and price ...