Stifel analyst Tore Svanberg not too long ago lowered the value goal on Semtech Company (NASDAQ:SMTC) to $35 from $54 and stored a Purchase ranking on the shares. Semtech Company (SMTC) develops, manufactures, and markets analog and mixed-signal semiconductor and superior algorithms.
Tariff-impacts, together with secondary and tertiary impacts, go away the advisory with an overarching view coming into the Q1 earnings season for the Analog, Connectivity and Processors group to have typically in-line March quarter outcomes, however softer June quarter outlooks.
No matter the place tariffs finally shake out in magnitude, period and breadth, the advisory believes the probability of the general semiconductor trade tipping over right into a cyclical downturn has elevated materially, the analyst added in a preview be aware.
A technician a circuit board of analog semiconductor merchandise.
In earnings for the fourth fiscal quarter, the corporate reported earnings per share of $0.40, beating analyst estimates by $0.08. The income over the interval was $251 million, beating market estimates by $1.74 million.
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