Other analysts have also recently issued research reports about the company. BidaskClub upgraded Semtech from a sell rating to a hold rating in a research report on Thursday, January 11th. BWS Financial began coverage on Semtech in a research report on Monday, November 20th. They set a buy rating and a $49.00 price objective for the company. Summit Insights upgraded Semtech from a hold rating to a buy rating in a research report on Thursday. Oppenheimer reiterated a buy rating and set a $42.00 price objective on shares of Semtech in a research report on Sunday, November 19th. Finally, Drexel Hamilton reiterated a buy rating and set a $45.00 price objective on shares of Semtech in a research report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $43.11.
Shares of Semtech (SMTC) opened at $40.95 on Thursday. The company has a market capitalization of $2,717.36, a price-to-earnings ratio of 31.74, a P/E/G ratio of 5.50 and a beta of 1.41. The company has a current ratio of 3.65, a quick ratio of 3.20 and a debt-to-equity ratio of 0.32. Semtech has a 1 year low of $31.30 and a 1 year high of $41.95.
Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Wednesday, March 14th. The semiconductor company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The company had revenue of $142.11 million during the quarter, compared to analysts’ expectations of $140.49 million. Semtech had a return on equity of 13.34% and a net margin of 6.20%. Semtech’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 earnings per share. equities analysts forecast that Semtech will post 1.49 EPS for the current year.
In other Semtech news, EVP Charles B. Ammann sold 2,250 shares of the company’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $34.31, for a total value of $77,197.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mohan Maheswaran sold 2,500 shares of the company’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $39.30, for a total value of $98,250.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 118,284 shares of company stock valued at $4,088,955. Company insiders own 2.10% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Quantbot Technologies LP purchased a new stake in Semtech in the third quarter worth about $133,000. Teacher Retirement System of Texas purchased a new stake in Semtech in the third quarter worth about $204,000. Stifel Financial Corp purchased a new stake in Semtech in the third quarter worth about $209,000. Elkfork Partners LLC purchased a new stake in Semtech in the fourth quarter worth about $215,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in Semtech in the fourth quarter worth about $215,000. Institutional investors and hedge funds own 97.70% of the company’s stock.
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Semtech Company Profile
Semtech Corporation is a supplier of analog and mixed-signal semiconductor products. The Company designs, develops and markets a range of products for commercial applications, which are sold into the enterprise computing, communications, consumer and industrial end-markets. Its product lines include Signal Integrity, Protection, Wireless and Sensing, and Power and High-Reliability.
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