Morgan Keegan has published a research report on Semtech Corporation SMTC after the company reported July quarter results.
In the report, Morgan Keegan writes, "SMTC reported July quarter results of $0.49/$130.3 million vs. consensus of $0.48/$129.3 million. A lower than expected tax rate benefitted the bottom line by $0.02. SMTC experienced growth across all end markets including record revenues in the Communication end market and 10% q/q growth in the Consumer end market."
Morgan Keegan maintains its Outperform rating and $31 price target on Semtech Corporation, which clsoed yesterday at $20.40.
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