SEMTECH CORP (SMTC) Downgraded by Zacks to UNDERPERFORM

Zacks Zacks Investment Research downgraded shares of SEMTECH CORP (SMTC) from NEUTRAL to UNDERPERFORM on August 28, 2012, with a target price of $23.30.

Semtech designs, manufactures and markets a wide range of analog and mixed- signal semiconductors, including Standard Semiconductor Products, Rectifier and Assembly Products and Other Products. The Company's devices are used in a variety of applications including computer, communications, industrial, military-aerospace and automotive. The Company also provides a limited amount of wafer foundry services to other electronic component manufacturers.

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