According to Oppenheimer, Semtech (NASDAQ:
SMTC) reports 2Q results on Wednesday.
Oppenheimer said that it is reducing estimates to better reflect the general slowdown evidenced by SMTC's HPA peers' earnings. “SMTC remains one of the best-run, best-positioned small-cap names in analog semis, but isn't immune to macro trends.”
Semtech closed yesterday at $19.59.
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