Semtech is trading at $134.25 (+7.50%) amid stronger pre-market sentiment.
- It rebounded after closing at $124.88 on August 20, following sharp declines earlier in the week.
- No major overnight company-specific announcement was identified; the Nasdaq Composite is up 0.62%.
- Benchmark maintained a Buy rating and $230 price target ahead of Semtech’s August 25 earnings release, potentially supporting sentiment.