Check out the companies making the biggest moves midday: Semtech — The semiconductor maker rallied 17% on better-than-expected second-quarter results and strong third-quarter revenue guidance. The company posted a Q2 profit of 41 cents per share, excluding certain items, on revenue of $27.6 million. Analysts expected earnings of 40 cents per share on revenue of $256.1 million. For the third quarter, Semtech expects revenue of $266 million. Cracker Barrel Old Country Store — Shares climbed 4.5%, rebounding after seven straight days of losses on widespread backlash to its new logo and rebranding. On Tuesday, President Donald Trump weighed in on the controversy , saying the restaurant should return to its old logo. Paramount Skydance — The media company shed 4%, giving back some of its sharp gains for the month. Paramount shares are up 21% in August. Brown-Forman — The whiskey maker shed 4% after announcing chief financial officer Leanne Cunningham, a 30-year company veteran, will retire on May 1, 2026 . The stock has lost more than 20% year to date as it grapples with the impact of tariffs . EchoStar — The telecommunications stock surged 80% after AT & T said it would buy some wireless spectrum licenses from EchoStar for $23 billion. AT & T said the transaction should close sometime in mid-2026. AT & T lost more than 1%. Eli Lilly — The pharma giant rose 2% after the company’s weigh …
