Semtech is trading at $197.34, up 5.76%, amid semiconductor-sector strength.
- No new company-specific announcement for October 2 was identified. Micron’s strong results and upbeat AI-demand outlook supported the sector, and semiconductor peers also advanced.
- On October 1, Oppenheimer raised its price target to $225 from $200 after management meetings. Available coverage linked the move to the prior session’s rally, not clearly to this morning’s trading.