Semtech shares are trading lower after the company announced it has appointed a new President and CEO and reaffirmed Q2 2025 guidance.
Portfolio Pulse from Benzinga Newsdesk
Semtech shares are trading lower after the company announced the appointment of a new President and CEO and reaffirmed its Q2 2025 guidance.

June 07, 2024 | 1:00 pm
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Semtech shares are trading lower following the announcement of a new President and CEO and the reaffirmation of Q2 2025 guidance.
The market often reacts negatively to leadership changes due to uncertainty about the new executive's impact on the company's future. Additionally, reaffirming guidance rather than raising it may have disappointed investors expecting stronger performance.
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