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Semtech (SMTC) stock was up nearly 6% in early afternoon trading in the stock market today, a day after the maker of chips for mobile phones and other devices reported fiscal Q2 earnings that beat analyst forecasts, showing strength in all its markets, though its outlook for the current quarter was light. RBC Capital Markets raised its price target on Semtech stock to 32 from 31. Semtech stock was trading near 25.50 Thursday afternoon, about even Scalper1 News
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