Share on StockTwits

Stock analysts at RBC Capital lifted their target price on shares of Semtech Corp. (NASDAQ:SMTC) from $31.00 to $32.00 in a report issued on Thursday. RBC Capital’s price target indicates a potential upside of 33.44% from the company’s current price.

Separately, analysts at Raymond James upgraded shares of Semtech Corp. from an “outperform” rating to a “strong-buy” rating in a research note on Monday, July 28th. They now have a $29.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $33.29.

Shares of Semtech Corp. (NASDAQ:SMTC) opened at 24.00 on Thursday. Semtech Corp. has a one year low of $21.38 and a one year high of $32.72. The stock’s 50-day moving average is $23.82 and its 200-day moving average is $24.67. The company’s market cap is $1.615 billion.

Semtech Corp. (NASDAQ:SMTC) last released its earnings data on Wednesday, August 20th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.03. The company had revenue of $145.70 million for the quarter, compared to the consensus estimate of $142.20 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was down 11.7% on a year-over-year basis. Analysts expect that Semtech Corp. will post $1.61 EPS for the current fiscal year.

In other Semtech Corp. news, CEO Mohan Maheswaran sold 2,500 shares of the stock on the open market in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $24.44, for a total value of $61,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.