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Semtech reports strong Q4 earnings, exceeding expectations with a 30.1% revenue jump.
Semiconductor firm Semtech reported strong Q4 earnings, exceeding analysts' expectations with a net income of $39.1 million and revenue of $251 million, up 30.1% year-over-year.
The company projects Q1 earnings of $0.34 to $0.40 per share and revenue of $245 to $255 million.
Despite some insider stock sales, several analysts have raised their price targets, with ratings ranging from 'buy' to 'outperform'.
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Semtech reporta fuertes ganancias de Q4, superando las expectativas con un aumento de ingresos del 30,1%.