Analysts Set Semtech Co. (NASDAQ:SMTC) Target Price at $32.60

Semtech Co. (NASDAQ:SMTCGet Free Report) has earned a consensus recommendation of “Buy” from the eleven analysts that are covering the firm, Marketbeat.com reports. Eleven research analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have covered the stock in the last year is $32.60.

A number of analysts recently weighed in on SMTC shares. StockNews.com started coverage on shares of Semtech in a research note on Thursday, October 5th. They issued a “sell” rating for the company. Stifel Nicolaus upped their price objective on shares of Semtech from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Susquehanna lowered their price objective on shares of Semtech from $30.00 to $25.00 and set a “positive” rating for the company in a research note on Tuesday, October 24th. Needham & Company LLC lowered their price objective on shares of Semtech from $35.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, December 7th. Finally, Benchmark upgraded shares of Semtech from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Thursday, October 19th.

Check Out Our Latest Stock Analysis on SMTC

Hedge Funds Weigh In On Semtech

Several hedge funds have recently modified their holdings of the stock. Everence Capital Management Inc. acquired a new position in shares of Semtech during the fourth quarter valued at about $213,000. Louisiana State Employees Retirement System acquired a new position in Semtech in the 4th quarter worth approximately $703,000. ORG Partners LLC increased its holdings in Semtech by 16.3% in the 4th quarter. ORG Partners LLC now owns 17,409 shares of the semiconductor company’s stock worth $381,000 after buying an additional 2,440 shares during the period. Legato Capital Management LLC acquired a new position in Semtech in the 4th quarter worth approximately $201,000. Finally, SG Americas Securities LLC acquired a new position in Semtech in the 4th quarter worth approximately $164,000.

Semtech Stock Down 4.5 %

Shares of SMTC opened at $19.84 on Monday. The firm has a market capitalization of $1.28 billion, a P/E ratio of -2.53 and a beta of 1.80. Semtech has a 12-month low of $13.13 and a 12-month high of $35.18. The company has a current ratio of 2.39, a quick ratio of 1.72 and a debt-to-equity ratio of 4.11. The firm has a fifty day moving average price of $20.12 and a 200-day moving average price of $21.81.

Semtech (NASDAQ:SMTCGet Free Report) last issued its earnings results on Wednesday, December 6th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.17. The firm had revenue of $200.90 million during the quarter, compared to analyst estimates of $200.55 million. Semtech had a negative net margin of 59.37% and a negative return on equity of 4.10%. The business’s revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 earnings per share. Equities research analysts expect that Semtech will post -0.38 earnings per share for the current year.

Semtech Company Profile

(Get Free Report

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.

Read More

Analyst Recommendations for Semtech (NASDAQ:SMTC)

Receive News & Ratings for Semtech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Semtech and related companies with MarketBeat.com's FREE daily email newsletter.