PREVIEW: Semtech shares up ahead of results due after the bell

Shares of Semtech SMTC.O up >4% on Mon, with the semiconductor products supplier seen posting higher rev and EPS in its qtrly results due after the closing bell

Other tech shares also higher on Mon, with the S&P 500 technology index .SPLRCT up more than 1%

SMTC expected to post a 9% rise in qtrly rev to $273.20 mln and adj EPS of $0.43 vs $0.40 a yr ago, per LSEG

Investors may look for commentary on co's recent Hiefo acquisition. SMTC recently acquired Hiefo for $34 mln in cash to expand its data center portfolio, a deal expected to be accretive to non-GAAP EPS within the first year

Morgan Stanley on Mon raises its PT on SMTC to $85 from $75; stock last at $88.50

SMTC now up about 20% YTD, well outperforming the Nasdaq's .IXIC ~4% decline