B Riley Downgrades Semtech To Sell

B Riley downgraded Semtech Corporation (NASDAQ: SMTC) from Neutral to Sell.

The price target for Semtech has been lowered from $26.00 to $21.00.

Semtech shares have dropped 5.53 percent over the past 52 weeks, while the S&P 500 index has surged 10.60 percent in the same period.

Semtech shares fell 9.06 percent to $22.39 in pre-market trading.