最新ニュース Semtech (NASDAQ:SMTC) 株価情報

Semtech

Semtech Corp is engaged in designing, developing, manufacturing and marketing analog and mixed-signal semiconductors, algorithms and wireless semiconductors, connectivity modules, gateways, routers and connected services for IoT. The company operates in four reportable segments' 1) Signal Integrity, 2) Advanced Protection and Sensing, 3) IoT System and 4) IoT Connected Services. The majority of the company's revenue is earned through Advanced Protection and Sensing Products segment. Geographically majority of the company's revenue is earned from Asia Pacific region.

Semtech Corp

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Enhances Critical IoT Voice Applications For Healthcare, Security, And Smart City Infrastructure

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SMTC

Semtech Expands AirVantage Smart Connectivity With VoLTE Service To Over 40 Countries, Including The U.S. And Europe

Benchmark analyst Cody Acree reiterates Semtech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) with a Buy and maintains $56 price target.

Price Target

Reiteration

Analyst Ratings

Benchmark Reiterates Buy on Semtech, Maintains $56 Price Target

Semtech Announced Its Collaboration With Traxmate To Offer A Seamless Indoor And Outdoor Asset Tracking Solution

Semtech Announced Availability Of Its One-channel LoRaWAN Hub Reference Design And Evaluation Kit Targeting Smaller Scale Network Deployments Such As For SMB/SME And Smart Home Applications

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.semtech.com%2F&amp;esheet=54125475&amp;newsitemid=20240923889065&amp;lan=en-US&amp;anchor=Semtech+Corporation&amp;index=1&amp;md5=c57e2a9ac357ffdffffa11ede356e87f">Semtech Corporation</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>), a high-performance semiconductor, IoT systems, and cloud connectivity service provider, today announced sampling of GN2255S, its next generation Tri-Edge&#x2122; 50 Gbps clock and data recovery (CDR) with integrated DML driver for SFP56 50G PAM4 bidirectional (BiDi) and CWDM6 optical modules. As part of the industry's only analog solutions for 50 Gbps fronthaul, the new CDR can lead to simpler, potentially more power-efficient designs. Its real-time signal processing delivers ultra-low latency crucial for 5G Advanced time-critical services, such as required in public safety, industrial control, smart grid management, and more.
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According to the latest <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ericsson.com%2Fen%2Freports-and-papers%2Fmobility-report%2Fmobility-visualizer%3Ff%3D1%26ft%3D1%26r%3D2%2C3%2C4%2C5%2C6%2C7%2C8%2C9%26t%3D8%26s%3D1%2C2%2C3%26u%3D1%26y%3D2020%2C2026%26c%3D1&amp;esheet=54125475&amp;newsitemid=20240923889065&amp;lan=en-US&amp;anchor=Ericsson+Mobility+Report&amp;index=2&amp;md5=6f1dfa0cec9395190734d0790d78e533">Ericsson Mobility Report</a>, 5G subscriptions will more than double from 2024 to 2029, with mobile data traffic forecast to exceed 230 exabytes monthly by 2029. Exponential data demands, along with use cases like generative AI, machine learning (ML), and augmented reality (AR), will drive infrastructure upgrades. With its faster data transfer and improved connectivity, integration of 5G advanced technology will further boost network performance, intelligence, and sustainability.
"As a Mobile Optical Pluggable Alliance (<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fmopa-alliance.org%2F&amp;esheet=54125475&amp;newsitemid=20240923889065&amp;lan=en-US&amp;anchor=MOPA&amp;index=3&amp;md5=9b066949d6ddee948fafcbbf6a32132f">MOPA</a>) founding member, Semtech works closely with the world's telecom leaders and mobile operators to develop the right optical solutions that solve industry challenges," said Raza Khan, product marketing director for Semtech's Signal Integrity Products Group and chief marketing officer of MOPA. "Our Tri-Edge solutions for bidirectional and CWDM optical pluggables are a direct result of these collaborations. Enabling the next round of infrastructure upgrades over single fiber will give carriers greater cost-effectiveness, flexibility and scalability to advance global mobile networks."
"Optical pluggable innovations like Semtech's move the industry towards the high performance and latency needed for global mobile networks to become the digital backbone of society and industry 4.0," said Stefan Dahlfort, chairman and president of the board of MOPA.
Semtech at ECOC 2024
Semtech's demos in booth E37, MR21, MR22 will showcase solutions for datacenter, wireless, and PON. Meetings are by appointment only.

Semtech Showcases 50G Optical Module Innovations at ECOC 2024, Targets 5G and 6G Networks

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Shares of semiconductor companies are trading higher amid overall market strength following Wednesday's Fed rate cut.

These ten mid-cap stocks were the best performers in August. Are they in your portfolio?
<ol>
<li>Polestar Automotive Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) shares jumped 74.19%. It reported <a href="https://www.benzinga.com//node/40629765" target="_blank" rel="noreferrer noopener">strong second-quarter deliveries</a>.</li>
<li>Upstart Holdings, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) stock escalated 67.32% after the company reported better-than-<a href="https://www.benzinga.com//node/40322490" target="_blank" rel="noreferrer noopener">expected second-quarter results</a>.</li>
<li>Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) shares rocketed 58.13%. It reported <a href="https://www.benzinga.com//node/40204727" target="_blank" rel="noreferrer noopener">mixed second-quarter results</a>.</li>
<li>GDS Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDS#NASDAQ">GDS</a>) shares rose 52.46%. The company reported a better-than-consensus <a href="https://www.benzinga.com//node/40487035" target="_blank" rel="noreferrer noopener">second-quarter loss per share</a>.</li>
<li>Tempus AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>) stock gained 51.17%. The stock got a boost from investments by Google<a href="https://www.benzinga.com//node/40419923" target="_blank" rel="noreferrer noopener"> and </a><a href="https://www.benzinga.com//node/40419923" target="_blank" rel="noreferrer noopener">SoftBank Group Corp</a><a href="https://www.benzinga.com//node/40419923" target="_blank" rel="noreferrer noopener"> (OTCPK: SFTBF)</a>.</li>
<li>Clear Secure, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YOU#NYSE">YOU</a>) shares were up 46.81%. It reported <a href="https://www.benzinga.com//node/40181525" target="_blank" rel="noreferrer noopener">better-than-expected quarterly results</a>.</li>
<li>Iovance Biotherapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IOVA#NASDAQ">IOVA</a>) stock jumped 42.89%. The company issued upbeat guidance for 2024 and 2025 and better-than-<a href="https://www.benzinga.com//node/40288203" target="_blank" rel="noreferrer noopener">expected second-quarter earnings</a>.</li>
<li>Evolent Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVH#NYSE">EVH</a>) shares escalated 42.51%. The company initiated an auction process after receiving takeover inquiries from private<a href="https://www.benzinga.com//node/40529349" target="_blank" rel="noreferrer noopener"> equity firms and healthcare providers</a>.</li>
<li>Semtech Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) stock rose 42.23%. It reported a <a href="https://www.benzinga.com//node/40587744" target="_blank" rel="noreferrer noopener">second-quarter earnings beat</a>.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) shares grew 42.07%. The company announced that it&#8217;s on track to launch five <a href="https://www.benzinga.com//node/40398813" target="_blank" rel="noreferrer noopener">satellites in early September</a>.</li>
</ol>
Also Read:
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<li><a href="https://www.benzinga.com/news/large-cap/24/09/40764288/affirm-shopify-and-starbucks-were-among-top-10-large-cap-best-performers-for-august-are-the-others" target="_blank" rel="noreferrer noopener">Affirm, Shopify And Starbucks Were Among Top 10 Large Cap Best Performers For August: Are The Others In Your Portfolio?</a></li>
<li><a href="https://www.benzinga.com/news/large-cap/24/09/40764325/intel-moderna-and-dollar-general-were-among-top-10-large-cap-losers-in-august-are-the-others-in-yo" target="_blank" rel="noreferrer noopener">Intel, Moderna And Dollar General Were Among Top 10 Large Cap Losers In August: Are The Others In Your Portfolio?</a></li>
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SYNA

Shares of semiconductor, hardware and AI-linked companies are trading lower as the sector continues to pull back. Chip stocks may also be down in sympathy with Broadcom, which fell after reporting earnings.

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.semtech.com%2F&amp;esheet=54115699&amp;newsitemid=20240909126304&amp;lan=en-US&amp;anchor=Semtech+Corporation&amp;index=1&amp;md5=f450d3a4e2b98e703e6e6fd340820588">Semtech Corporation</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>), a high-performance semiconductor, IoT systems, and cloud connectivity service provider, today announced expansion of its distribution footprint in Canada with GetWireless, a leading value-added distributor of cellular solutions that connect the Internet of Things (IoT).
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20240909126304/en/">https://www.businesswire.com/news/home/20240909126304/en/</a>

Global

Semtech Expands Canadian Distribution Footprint With GetWireless, A Value-Added Distributor Of Cellular Solutions That Connect The Internet Of Things

These seven mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Semtech Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) shares jumped 19.43% after the company reported better-than-expected <a href="https://www.benzinga.com//node/40587744" target="_blank" rel="noreferrer noopener">second-quarter financial results</a>. A couple of analysts raised <a href="https://www.benzinga.com/quote/SMTC/analyst-ratings" target="_blank" rel="noreferrer noopener">the price target on the stock</a>.</li>
<li>Stevanato Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STVN#NYSE">STVN</a>) stock gained 17.89% in the last week.</li>
<li>Ambarella, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) stock escalated 17.29% after the company posted better-than-<a href="https://www.benzinga.com//node/40602443" target="_blank" rel="noreferrer noopener">expected second-quarter results</a>. Several analysts<a href="https://www.benzinga.com/quote/amba/analyst-ratings" target="_blank" rel="noreferrer noopener"> raised the price target</a>.</li>
<li>Ardent Health Partners, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARDT#NYSE">ARDT</a>) stock was up 15.16%.</li>
<li>BILL Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BILL#NYSE">BILL</a>) shares increased 13.98% after the company&#8217;s CEO and CFO disclosed share purchases.</li>
<li>Box, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) shares increased 12.88% after the company reported better-than-expected second-quarter results and issued three-quarter and <a href="https://www.benzinga.com//node/40588205" target="_blank" rel="noreferrer noopener">FY25 guidance above estimates</a>. Some analysts raised the <a href="https://www.benzinga.com/quote/box/analyst-ratings" target="_blank" rel="noreferrer noopener">price target on the stock</a>.</li>
<li>Grupo Financiero Galicia S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGAL#NASDAQ">GGAL</a>) shares are up 11.91% after JP Morgan upgraded the stock from Underweight to Overweight and <a href="https://www.benzinga.com/quote/ggal/analyst-ratings" target="_blank" rel="noreferrer noopener">announced a $54 price target</a>.</li>
</ol>
Also Read:
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<li><a href="https://www.benzinga.com/news/large-cap/24/09/40675182/dollar-general-temu-parent-pdd-and-super-micro-computer-are-among-top-10-large-cap-losers-last-wee" target="_blank" rel="noreferrer noopener">Dollar General, Temu Parent PDD And Super Micro Computer Are Among Top 10 Large Cap Losers Last Week (Aug 25-Aug 31): Are The Others In Your Portfolio?</a></li>
<li><a href="https://www.benzinga.com/news/large-cap/24/09/40674984/affirm-mongodb-and-best-buy-are-among-top-10-large-cap-gainers-last-week-aug-25-aug-31-are-the-oth" target="_blank" rel="noreferrer noopener">Affirm, Mongodb And Best Buy Are Among Top 10 Large Cap Gainers Last Week (Aug 25-Aug 31): Are The Others In Your Portfolio?</a></li>
</ul>
Photo by Sundry Photography via Shutterstock

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Ambarella, Bill Holdings And Box Are Among Top 7 Mid Cap Gainers Last Week (Aug 25-Aug 31): Are The Others In Your Portfolio?

Roth MKM analyst Scott Searle maintains Semtech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) with a Buy and maintains $50 price target.

Roth MKM Maintains Buy on Semtech, Maintains $50 Price Target

Stifel analyst Tore Svanberg maintains Semtech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) with a Buy and raises the price target from $45 to $50.

Stifel Maintains Buy on Semtech, Raises Price Target to $50

B. Riley Securities analyst Craig Kennison maintains Semtech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) with a Buy and raises the price target from $58 to $61.

B. Riley Securities Maintains Buy on Semtech, Raises Price Target to $61

Semtech shares are trading higher after the company reported better-than-expected Q2 financial results.

Needham analyst Quinn Bolton reiterates Semtech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) with a Buy and maintains $50 price target.

Needham Reiterates Buy on Semtech, Maintains $50 Price Target

Sentiment on Wall Street could be guarded until Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40585459/nvidia-stock-q2-earnings-preview-analyst-says-ai-cycle-far-from-over-company-has-fi">earnings are in the rearview mirror. </a>The index futures are barely holding up early Wednesday. Given the absence of any major catalyst, stocks could tread water and could move about listlessly. That said, the retail space could see some strength, encouraged by Nordstrom, Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) earnings, while some positive tech earnings could bolster sentiment toward that space.
Market strategist Ed Yardeni said in Yardeni Research&#8217;s weekly preview that Nvidia earnings are a function of AI investments by mostly other large-cap tech companies, making the AI stalwart the fulcrum of not only the AI trade but a big portion of the entire stock market rally. &#8220;Nvidia&#8217;s earnings will begin to be supported by rising demand from other tech and many non-tech companies in the S&amp;P 493,&#8221; he said.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.09%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.06%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.01%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.05%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.08% to $562, and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.11% to $477.28, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session 
U.S. stocks meandered back and forth across the unchanged line on Tuesday before ending higher, with IT stocks providing the thrust. After a negative start, the indices recovered after a report showed consumer confidence rose to the highest since February amid an improvement in inflation expectations. The averages went about in a listless manner and yet had enough momentum to close in the green.
The Dow Industrials scaled a fresh closing high, although the 30-stock blue-chip average could not break above its intraday high. The S&amp;P 500 inched further toward its record close of 5,667.20 hit on July 16, while small-caps fell for a second straight session following their recent runup. 
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<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
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<td>Nasdaq Composite</td>
<td>+0.16%</td>
<td>17,754.82</td>
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<tr>
<td>S&amp;P 500 Index</td>
<td>+0.16%</td>
<td>5,625.80</td>
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<tr>
<td>Dow Industrials</td>
<td>+0.02%</td>
<td>41,250.50</td>
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<tr>
<td>Russell 2000</td>
<td>-0.67%</td>
<td>2,203.00</td>
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</tbody>
</table>
</figure>
Insights From Analysts:
Fund manager Louis Navellier expects the market to rally through the presidential election. &#8220;Historically, the stock market rallies into Presidential Election Day since the candidates are promising voters everything and anything,&#8221; he said, adding that &#8220;no taxes on tips and social security benefits are very popular, as are larger child tax credits, plus aid for first-time homeowners.&#8221;
Upcoming Economic Data
<ul>
<li>The Energy Information is due to release its weekly petroleum status report at 10:30 a.m. EDT.</li>
<li>Atlanta Fed President Raphael Bostic&#8217;s speech will make a public appearance at 6 p.m. EDT.</li>
<li>The Treasury will auction five-year notes at 1 p.m. EDT.</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>Nordstrom rose about 8% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the company&#8217;s quarterly results.</li>
<li>Other stocks moving on earnings are Ambarella, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) (up over 23%), Box, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) (up over 7.50%), nCino, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>) (down over 12.5%), PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) (down over 8%), Semtech Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) (up over 4%)and SentinelOne, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) (up over 2%).</li>
<li>Abercrombie &amp; Fitch Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>), Chewy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>), Foot Locker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>), J. M. Smucker Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>), Kohl&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>), Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) and Patterson Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDCO#NASDAQ">PDCO</a>) are among the key companies reporting their earnings ahead of the market open.</li>
<li>Those reporting after the close include Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), &nbsp;Cooper Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>), CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), Five Below, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>), HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>), Nutanix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>), NetApp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>), Okta, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>), Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) and Victoria&#8217;s Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>).</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) is extending the <a href="https://www.benzinga.com/trading-ideas/short-ideas/24/08/40579899/super-micro-computer-stock-falls-on-short-report-hindenburg-says-company-has-accounting">weakness seen on Tuesday on the back of a short report.</a></li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil and gold futures extended their weakness and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) retreated below the $60K level. The yield on the 10-year Treasury note fell 1.1 basis points to 3.822%.
Asian stocks closed Wednesday&#8217;s session on a mixed note, while European stocks were firmer in early trading.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40594093/economist-peter-schiff-warns-fed-may-be-committing-mistake-by-lowering-rates-in-sep">Economist Peter Schiff Warns Fed May Be Committing Mistake By Lowering Rates In September As Dollar Index Falls To Lowest In Over A Year</a></li>
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Federal Reserve

Pre-Market Outlook

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CHWY

CRWD

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NCNO

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Nasdaq, S&P 500 Futures Flatline As Traders Await Earnings Report From AI Barometer Nvidia: Fund Manager Says Market Could Hold Up Until Presidential Election

Third Quarter of Fiscal Year 2025 Outlook
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<td colspan="1" rowspan="1">(in millions, except per share data)</td>
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<tr>
<td colspan="1" rowspan="1">Net sales</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">233.0</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">+/-</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$5.0</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Non-GAAP Financial Measures</td>
<td colspan="3" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Gross margin</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">52.0</td>
<td colspan="1" rowspan="1">%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">+/-</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">50 bps</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Operating expenses, net</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">81.0</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">+/-</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$1.0</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Operating income</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">40.2</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">+/-</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$2.8</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Operating margin</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">17.2</td>
<td colspan="1" rowspan="1">%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">+/-</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">80 bps</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Interest expense, net</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">18.8</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Normalized tax rate</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">15</td>
<td colspan="1" rowspan="1">%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Diluted earnings per share</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">0.23</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">+/-</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$0.03</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDA</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="1" rowspan="1">48.7</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">+/-</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$2.8</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDA margin</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">20.9</td>
<td colspan="1" rowspan="1">%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">+/-</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">80 bps</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="3" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Diluted share count</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">78.6</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
</tbody>
</table>
See &quot;Non-GAAP Financial Measures&quot; below for additional information about our non-GAAP financial results.
The Company is unable to include a reconciliation of forward-looking non-GAAP results to the corresponding GAAP measures as this is not available without unreasonable efforts due to the high variability and low visibility with respect to the impact of transaction, integration and restructuring expenses, share-based awards, amortization of acquisition-related intangible assets and other items that are excluded from these non-GAAP measures. The Company expects the variability of the above charges to have a potentially significant impact on its GAAP financial results.

Guidance

Semtech Sees Q3 EPS $0.23 +/- 0.03 Vs $0.21 Est.; Revenue $233M +/- $5M Vs $227.49M Est.

Robert W. Baird analyst Tristan Gerra reiterated a Buy rating on Semtech (SMTC – Research Report) today and set a price target of $80.00. Tristan G...

Semtech's Strategic Growth and Market Positioning in AI and Optical Solutions: A Buy Rating Perspective

Analyst Tristan Gerra from Robert W. Baird reiterated a Buy rating on Semtech (SMTC – Research Report) and keeping the price target at $80.00. Tris...

Semtech's Growth Trajectory: LoRa Technology Adoption and Expansion Opportunities

Benchmark Co. analyst Cody Acree has maintained their bullish stance on SMTC stock, giving a Buy rating on October 4. Cody Acree has given his Buy ...

Buy Rating Affirmed: Semtech's Market Potential and Strategic Resilience

Mid-cap stocks present a compelling investment opportunity due to their balanced risk, growth potential from expected interest rate cuts, strong earnings growth, which enhance long-term performance and diversification. Therefore, considering strong mid-cap stocks like Abercrombie & Fitch (ANF), PVH (PVH), and Semtech (SMTC), which are expected to soar by 25% or more, could be wise. Keep reading... Mid-cap stocks offer a balance between small caps' higher risk and large caps' stability, making them attractive in uncertain markets. With expected interest rate cuts improving financial conditions, investors may find growth potential in mid-caps like Abercrombie &amp; Fitch Co. (<a href="https://stocknews.com/stock/ANF/">ANF</a>), PVH Corp. (<a href="https://stocknews.com/stock/PVH/">PVH</a>), and Semtech Corporation (<a href="https://stocknews.com/stock/SMTC/">SMTC</a>), which analysts predict could rally over 25%.
In the past decade, mid-cap stocks have outperformed large-cap peers in earnings growth, fueled by innovation and streamlined business models. Despite their strong cash flows and profit margins, mid-caps are currently trading at a discount compared to historical averages. As earnings growth in the resilient U.S. economy extends beyond mega-cap tech, mid-cap stocks are gaining momentum.
The global economy is projected to grow by 3.2% in 2024 and <a href="https://www.spglobal.com/ratings/en/research/articles/240926-economic-research-global-economic-outlook-q4-2024-so-far-so-smooth-can-it-last-13261690">3.1% in 2025</a>, though outcomes will vary by region. In the U.S., GDP growth is forecasted at <a href="https://www.conference-board.org/research/us-forecast">2.4% for 2024</a>; however, slowing momentum and elevated prices could limit growth to 1.7% in 2025. Interest rates are expected to decrease to just above 3% as inflation moves closer to the Fed's target.
Therefore, focusing on high-quality mid-caps with competitive advantages can yield strong long-term performance with reduced volatility. These stocks are poised to deliver robust returns, making them appealing for diversification. Given these favorable trends, let's explore the fundamentals of the highlighted mid-cap stocks.
Abercrombie &amp; Fitch Co. (<a href="https://stocknews.com/stock/ANF/">ANF</a>)
Valued at $7.30 billion by market cap, ANF and its subsidiaries operate as an omnichannel retailer internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie &amp; Fitch, Abercrombie Kids, Hollister, and Gilly Hicks brands. It sells products through its stores and various wholesale channels.
On August 15, 2024, ANF announced a partnership with Haddad Brands to expand global distribution for Abercrombie kids. The agreement adds new channels and introduces infant and toddler products to the brand's line.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp">levered FCF</a> margin, ANF's 9.86% is 95% higher than the 5.06% industry average. Its 14.39% trailing-12-month EBIT margin is 79.9% higher than the 8% industry average. Likewise, the stock's 1.60x trailing-12-month asset turnover ratio is 60.7% higher than the 0.99x industry average.
For the second quarter that ended on August 3, 2024, ANF's net sales increased 21.2% year-over-year to $1.13 billion. Its operating income grew 95.5% year-over-year to  $175.63 million. Similarly, its net income attributable to ANF was $133.17 million, or $2.50 per share, up 134.1% and 127.3% over the prior-year quarter.
For the quarter ending October 31, 2024, ANF's EPS and revenue are expected to increase 31.8% and 11.1% year-over-year to $2.41 and $1.17 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters.
Over the past year, ANF's stock has gained 158.8% to close the last trading session at $142.37. The average analyst price target of $186.43 indicates a <a href="https://www.tipranks.com/stocks/anf/forecast">31% upside potential</a>.
It's no surprise that ANF has an overall rating of B, which translates to a Buy in our proprietary <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has an A grade for Quality and a B for Growth. Within the B-rated <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> industry, it is ranked #11 out of 59 stocks. To see ANF's Value, Momentum, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/ANF/">click here</a>.
PVH Corp. (<a href="https://stocknews.com/stock/PVH/">PVH</a>)
Valued at $5.43 billion by market cap, PVH operates as an apparel company in the United States and internationally. The company operates through its Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments.
In terms of the trailing-12-month gross profit margin, PVH's 59.52% is 60.3% higher than the 37.13% industry average. Its 13.64% trailing-12-month EBITDA margin is 19.7% higher than the 11.39% industry average. Also, the stock's 10.53% trailing-12-month EBIT margin is 31.7% higher than the 8% industry average.
In the second quarter that ended on August 4, 2024, PVH's total revenue amounted to $2.07 billion. Its earnings before interest and taxes rose 21.4% year-over-year to $173.90 million. The company's net income stood at $158 million, up 67.7% year-over-year, while its net income per common share for the quarter grew 86.7% from the prior-year value to $2.80.
Street expects PVH's EPS for the quarter ending January 31, 2025, to increase marginally year-over-year to $3.73. Its revenue for the quarter ending April 30, 2024, is expected to rise 1.3% year-over-year to $1.98  billion. It surpassed the Street EPS estimates in each of the trailing four quarters.
Over the past year, the stock has gained 31.6% to close the last trading session at $97.06. The average analyst price target of $128.36 indicates a <a href="https://www.tipranks.com/stocks/pvh/forecast">32.3% upside potential</a>.
PVH's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It has an A grade for Value and a B for Quality. It is ranked #6 in the Fashion &amp; Luxury industry. Beyond what we stated above, we also have given PVH grades for Growth, Momentum, Stability, and Sentiment. Get all the PVH ratings <a href="https://stocknews.com/stock/PVH/">here</a>.
Semtech Corporation (<a href="https://stocknews.com/stock/SMTC/">SMTC</a>)
SMTC designs, develops, manufactures, and markets analog and mixed-signal semiconductors and advanced algorithms. It provides signal integrity products and video products for broadcast applications, as well as video-over-IP technology for professional audio and video applications.
On September 25, 2024, SMTC announced a collaboration with Traxmate to provide a hybrid IoT asset-tracking solution. This combines Traxmate's AI-enhanced location services with SMTC's LoRa Edge platform for seamless indoor and outdoor tracking.
On September 24, 2024, SMTC announced the release of a one-channel LoRaWAN hub reference design and evaluation kit, enabling cost-effective small-scale network deployments for SMB and smart home applications.
In terms of the trailing-12-month gross profit margin, SMTC's 49.83% is marginally higher than the 49.69% industry average.
SMTC's net sales for the fiscal second quarter that ended July 28, 2024, were $215.36 million. Its non-GAAP operating income came in at $30.54 million. Similarly, its non-GAAP net income attributable to common stockholders and non-GAAP EPS stood at $8.11 million and $0.11, respectively. Moreover, its adjusted EBITDA rose 3.8% year-over-year to $40.54 million.
Analysts expect SMTC's EPS for the quarter ending October 31, 2024, to increase considerably year-over-year to 0.23. Its revenue for the same quarter is expected to grow 15.5% year-over-year to $232.06 million.
Over the past nine months, the stock has gained 101.8% to close the last trading session at $42.43. The average analyst price target of $55.60 indicates a <a href="https://www.tipranks.com/stocks/smtc/forecast">31% upside potential</a>.
SMTC's POWR Ratings reflect its solid prospects. SMTC has a B grade for Growth. Within the <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry, it is ranked #49 out of 92 stocks. To access SMTC's additional ratings for Value, Momentum, Stability, Sentiment, and Quality, <a href="https://stocknews.com/stock/SMTC/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
ANF shares were trading at $140.42 per share on Wednesday afternoon, down $1.95 (-1.37%). Year-to-date, ANF has gained 59.17%, versus a 22.46% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/anf-pvh-smtc-3-mid-cap-stocks-analysts-predict-will-rally-by-over-25/>3 Mid-Cap Stocks Analysts Predict Will Rally by Over 25%</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Mid-Cap Stocks Analysts Predict Will Rally by Over 25%

Here are a couple of charts that I think are fabulous long-term bearish bets.

Couple Of Obscure Semis

There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Semtech (SMTC – Research Report) and Atlassian (TEAM...

Analysts Are Bullish on Top Technology Stocks: Semtech (SMTC), Atlassian (TEAM)

Aster Labs, Super Micro, others give off positive vibes at OCP Summit: Needham

ALAB

AMZN

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Press Releases

Semtech Optical Expert To Present at IFOC 2024

Semtech Expands Canadian Distribution Footprint with GetWireless

Semtech Eases FTTR Broadband Deployments

Semtech Explores Scalable Analog Path For 6G Fronthaul at ECOC 2024

Semtech Accelerates 5G-Advanced Infrastructure Buildouts

Semtech Expands LoRaWAN® Reach in SMB and Smart Home

Semtech and Traxmate Enable Precision IoT Asset Tracking

Semtech Board Chair, Ye Jane Li, Selected as 2024 NACD Directorship 100™ Honoree

Semtech Expands Smart Connectivity Advanced VoLTE Coverage

Semtech Announces Upcoming Investor Conferences

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