Semtech price target raised to $100 from $90 at Susquehanna

Susquehanna analyst Christopher Rolland raised the firm’s price target on Semtech (SMTC) to $100 from $90 and keeps a Positive rating on the shares. The firm previewed its results and said they expect generally slightly better results/guidance, driven by better FiberEdge from the rapid inflection in 800G transceiver shipments. In addition, they believe the ACC/LE opportunity has materially expanded intra-quarter.