Oppenheimer Reduces Estimates On Semtech

According to Oppenheimer, Semtech 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.