Semtech surges after upbeat Q4 forecast
** Semiconductor supplier Semtech's SMTC.O shares rise 19.2% to $63.71 premarket
** SMTC sees Q4 net sales between $245 mln and $255 mln, midpoint of which is above estimates of $247.3 mln, according to data compiled by LSEG
** Co sees Q4 adjusted EPS between 29 and 35 cents, midpoint of which is above analysts' estimates of 30 cents; co also beat Q3 revenue and profit estimates
** SMTC reported broad-based growth across all its end markets, particularly in data center, where AI-driven product demand is expected to be a key long-term growth driver - CEO Hong Hou
** Q3 data center net sales at $43.1 mln, up 58% sequentially
** At least five brokerages raise PT on the stock
** Eleven of 13 brokerages that track SMTC rate it "buy" or higher, two "hold"; median PT is $70
** As of last close, stock up ~144% YTD
Reporting by Ragini Mathur in Bengaluru
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