/PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of Semtech Corporation (NASDAQ: SMTC)...

Semtech Corporation stocks have been trading up by 8.52 percent after upbeat earnings and growth outlook fueled investor optimism. Key Takeaways For SMTC Traders Roth Capital hiked its SMTC price target to $190 from $102, seeing data center strength offsetting the $40M‑per‑quarter revenue loss from the cellular modules sale. BMO started SMTC with an Outperform…

Semtech (SMTC) shares were active in extended trading on Tuesday after the semiconductor company reported second-quarter results. Read for more.

Osterweis Capital Management Inc. purchased a new stake in Semtech Corporation (NASDAQ:SMTC - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 60,445 shares of the semiconductor company

Nicholas Investment Partners LP bought a new position in shares of Semtech Corporation (NASDAQ:SMTC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 84,478 shares of the semiconductor company

Semtech Corporation is set to report strong Q2 earnings with an expected EPS of $0.61, up from $0.41 last year, and projected revenue of $328.67 million, a 27.5% increase driven by demand in data centers and its LoRa technology. The company recently sold its cellular module business for $62 million, and received an "Outperform" rating from BMO Capital. Despite positive outlooks, shares slightly declined to $124.09. Semtech's solid financial health is indicated by a current ratio of 2.37, showing good short-term asset coverage.

A number of stocks fell in the afternoon session after investors trimmed chip exposure to reduce portfolio risk ahead of Nvidia