Investment analysts at Roth Capital assumed coverage on shares of Semtech (NASDAQ:SMTC) in a research report issued on Friday. The brokerage set a “buy” rating and a $39.00 price target on the semiconductor company’s stock. Roth Capital’s price target points to a potential upside of 9.09% from the stock’s previous close.

SMTC has been the topic of several other reports. BWS Financial set a $49.00 price target on shares of Semtech and gave the company a “buy” rating in a report on Thursday, November 30th. B. Riley reaffirmed a “buy” rating and issued a $46.00 price target (down from $48.00) on shares of Semtech in a report on Monday, November 27th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $34.00 price target on shares of Semtech in a report on Thursday, November 30th. BidaskClub cut shares of Semtech from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Finally, Zacks Investment Research cut shares of Semtech from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $41.90.

Semtech (NASDAQ:SMTC) opened at $35.75 on Friday. Semtech has a 12-month low of $31.00 and a 12-month high of $41.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.20 and a current ratio of 3.80. The company has a market cap of $2,342.45, a price-to-earnings ratio of 51.81, a PEG ratio of 5.83 and a beta of 1.41.

Semtech (NASDAQ:SMTC) last posted its earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.04. Semtech had a net margin of 7.79% and a return on equity of 12.13%. The business had revenue of $156.60 million for the quarter, compared to analysts’ expectations of $155.69 million. During the same period in the previous year, the company posted $0.37 earnings per share. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. research analysts anticipate that Semtech will post 1.21 EPS for the current year.

In other Semtech news, insider Mohan Maheswaran sold 2,500 shares of the stock in a transaction on Friday, October 13th. The shares were sold at an average price of $40.03, for a total transaction of $100,075.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Asaf Silberstein sold 1,957 shares of the stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $39.58, for a total transaction of $77,458.06. The disclosure for this sale can be found here. Insiders sold 57,507 shares of company stock worth $2,172,442 over the last ninety days. 2.10% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the business. Sterling Capital Management LLC raised its holdings in shares of Semtech by 85.9% during the third quarter. Sterling Capital Management LLC now owns 75,770 shares of the semiconductor company’s stock worth $2,845,000 after purchasing an additional 35,005 shares during the period. California Public Employees Retirement System grew its position in shares of Semtech by 6.4% during the third quarter. California Public Employees Retirement System now owns 147,572 shares of the semiconductor company’s stock worth $5,541,000 after acquiring an additional 8,872 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in shares of Semtech by 153.7% during the third quarter. Cubist Systematic Strategies LLC now owns 27,651 shares of the semiconductor company’s stock worth $1,038,000 after acquiring an additional 16,750 shares during the last quarter. Highbridge Capital Management LLC grew its position in shares of Semtech by 732.5% during the third quarter. Highbridge Capital Management LLC now owns 54,397 shares of the semiconductor company’s stock worth $2,043,000 after acquiring an additional 62,997 shares during the last quarter. Finally, PEAK6 Investments L.P. bought a new position in shares of Semtech during the third quarter worth about $375,000. 93.99% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Semtech (NASDAQ:SMTC)

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