Semtech (NASDAQ:SMTC) Stock Rating Reaffirmed by Robert W. Baird

Semtech (NASDAQ:SMTC)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Robert W. Baird in a report released on Tuesday, Benzinga reports. They presently have a $40.00 price target on the semiconductor company’s stock. Robert W. Baird’s price target points to a potential upside of 43.58% from the stock’s current price.

SMTC has been the topic of a number of other research reports. Susquehanna lifted their target price on Semtech from $25.00 to $30.00 and gave the company a “positive” rating in a report on Thursday, March 14th. Roth Mkm reduced their price objective on Semtech from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, December 7th. Needham & Company LLC dropped their target price on shares of Semtech from $35.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, December 7th. Finally, Stifel Nicolaus raised their price target on shares of Semtech from $22.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Semtech has a consensus rating of “Moderate Buy” and an average target price of $33.10.

Semtech Stock Up 10.7 %

Shares of SMTC opened at $27.86 on Tuesday. Semtech has a fifty-two week low of $13.13 and a fifty-two week high of $32.44. The company’s fifty day moving average is $21.48 and its two-hundred day moving average is $20.40. The firm has a market cap of $1.79 billion, a PE ratio of -3.56, a price-to-earnings-growth ratio of 12.99 and a beta of 1.81. The company has a quick ratio of 1.72, a current ratio of 2.39 and a debt-to-equity ratio of 4.11.

Hedge Funds Weigh In On Semtech

A number of institutional investors and hedge funds have recently bought and sold shares of SMTC. Goldman Sachs Group Inc. boosted its position in Semtech by 19.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,217,670 shares of the semiconductor company’s stock valued at $26,679,000 after buying an additional 197,595 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Semtech by 431.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 827,582 shares of the semiconductor company’s stock worth $18,133,000 after acquiring an additional 671,885 shares in the last quarter. Contour Asset Management LLC boosted its holdings in Semtech by 2.6% in the fourth quarter. Contour Asset Management LLC now owns 1,463,817 shares of the semiconductor company’s stock valued at $32,072,000 after purchasing an additional 36,838 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Semtech during the 4th quarter valued at approximately $546,000. Finally, Potomac Capital Management Inc. purchased a new stake in Semtech during the 4th quarter worth approximately $1,275,000.

About Semtech

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.