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Despite the share decline, strong quarterly performance signals positive future growth potential. Analysts’ raised price targets demonstrate confidence in Semtech's financial trajectory.
What happened, with direct paths to the underlying reporting
Semtech shares fell 5.8% despite strong quarterly results. Analysts maintain bullish ratings: targets range from $45 to $65. Infrastructure segment sales rose 5% sequentially, 30% year-on-year. Data Center sales soared 143% year-on-year, boosting profitability. Management expects revenue guidance of $256 million, slightly above estimates.
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