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Semtech Corp. (NASDAQ:SMTC) has been given an average rating of “Buy” by the ten ratings firms that are covering the company, AnalystRatings.Net reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $32.10.

In other Semtech Corp. news, CFO Emeka Chukwu sold 2,500 shares of Semtech Corp. stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $22.55, for a total value of $56,375.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at Raymond James upgraded shares of Semtech Corp. from an “outperform” rating to a “strong-buy” rating in a research note on Monday. They now have a $29.00 price target on the stock. Analysts at RBC Capital raised their price target on shares of Semtech Corp. from $30.00 to $31.00 in a research note on Thursday, May 22nd. They now have an “outperform” rating on the stock.

Semtech Corp. (NASDAQ:SMTC) opened at 22.33 on Monday. Semtech Corp. has a 52-week low of $21.38 and a 52-week high of $32.72. The stock’s 50-day moving average is $25.34 and its 200-day moving average is $24.73. The company’s market cap is $1.502 billion.

Semtech Corp. (NASDAQ:SMTC) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.02. The company had revenue of $132.90 million for the quarter, compared to the consensus estimate of $130.27 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was down 18.2% on a year-over-year basis. Analysts expect that Semtech Corp. will post $1.61 EPS for the current fiscal year.

Semtech Corporation (NASDAQ:SMTC) is a supplier of analog and mixed-signal semiconductor products.

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