Semtech Co. (NASDAQ:SMTC – Get Free Report) has earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $52.60.
A number of research analysts have weighed in on the stock. Stifel Nicolaus raised their price objective on shares of Semtech from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. B. Riley raised their price objective on shares of Semtech from $58.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Semtech in a research note on Wednesday, August 28th. Summit Insights downgraded shares of Semtech from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. Finally, Benchmark reiterated a “buy” rating and issued a $56.00 target price on shares of Semtech in a report on Monday, October 7th.
Read Our Latest Analysis on Semtech
Institutional Trading of Semtech
Semtech Stock Up 0.8 %
Shares of NASDAQ SMTC opened at $44.54 on Wednesday. The firm has a market cap of $3.35 billion, a PE ratio of -3.29 and a beta of 1.54. Semtech has a 12-month low of $13.44 and a 12-month high of $49.53. The company’s fifty day simple moving average is $43.36 and its 200 day simple moving average is $37.50.
Semtech (NASDAQ:SMTC – Get Free Report) last issued its earnings results on Tuesday, August 27th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. Semtech had a negative net margin of 107.21% and a negative return on equity of 154.99%. The business had revenue of $215.40 million for the quarter, compared to analyst estimates of $212.30 million. During the same period in the prior year, the firm earned ($0.06) earnings per share. Semtech’s revenue was down 9.6% on a year-over-year basis. On average, equities analysts predict that Semtech will post -0.07 earnings per share for the current year.
Semtech Company Profile
Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor 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.
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