Semtech (NASDAQ:SMTC) PT Raised to $31.00 at Stifel Nicolaus

Semtech (NASDAQ:SMTCGet Free Report) had its price target upped by stock analysts at Stifel Nicolaus from $26.00 to $31.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ target price points to a potential upside of 9.97% from the stock’s current price.

SMTC has been the topic of several other research reports. Oppenheimer restated a “market perform” rating on shares of Semtech in a research note on Monday. Susquehanna boosted their target price on Semtech from $30.00 to $45.00 and gave the company a “positive” rating in a research note on Monday. Craig Hallum boosted their target price on Semtech from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Monday. Robert W. Baird restated an “outperform” rating and issued a $40.00 target price on shares of Semtech in a research note on Tuesday, March 26th. Finally, Roth Mkm cut their target price on Semtech from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, December 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.35.

View Our Latest Report on SMTC

Semtech Trading Down 4.0 %

NASDAQ SMTC opened at $28.19 on Monday. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of -1.66, a PEG ratio of 16.04 and a beta of 1.85. The stock’s 50 day moving average price is $22.02 and its two-hundred day moving average price is $20.50. The company has a debt-to-equity ratio of 4.11, a quick ratio of 1.72 and a current ratio of 2.39. Semtech has a 52 week low of $13.13 and a 52 week high of $30.84.

Institutional Investors Weigh In On Semtech

Institutional investors and hedge funds have recently made changes to their positions in the stock. Neo Ivy Capital Management bought a new stake in shares of Semtech during the 2nd quarter worth approximately $41,000. Captrust Financial Advisors raised its stake in Semtech by 186.5% in the 1st quarter. Captrust Financial Advisors now owns 1,020 shares of the semiconductor company’s stock valued at $71,000 after acquiring an additional 664 shares during the period. Point72 Hong Kong Ltd bought a new stake in Semtech in the 1st quarter valued at $84,000. Covestor Ltd raised its stake in Semtech by 123.9% in the 1st quarter. Covestor Ltd now owns 1,397 shares of the semiconductor company’s stock valued at $97,000 after acquiring an additional 773 shares during the period. Finally, Quarry LP bought a new stake in Semtech in the 1st quarter valued at $49,000.

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.

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