Shares of Semtech Co. (NASDAQ:SMTC) have received a consensus rating of “Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $41.90.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Semtech from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. BidaskClub lowered shares of Semtech from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Needham & Company LLC reissued a “buy” rating and issued a $42.00 target price on shares of Semtech in a report on Thursday, January 18th. Roth Capital assumed coverage on shares of Semtech in a report on Friday, January 5th. They issued a “buy” rating and a $39.00 target price for the company. Finally, Piper Jaffray Companies began coverage on shares of Semtech in a report on Monday, December 18th. They issued a “neutral” rating and a $35.00 target price for the company.
In related news, insider Mohan Maheswaran sold 11,000 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $35.16, for a total value of $386,760.00. Following the completion of the transaction, the insider now directly owns 203,672 shares of the company’s stock, valued at $7,161,107.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP James Jungsup Kim sold 1,500 shares of the firm’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $34.32, for a total transaction of $51,480.00. Following the completion of the transaction, the senior vice president now directly owns 24,600 shares of the company’s stock, valued at $844,272. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,284 shares of company stock valued at $1,888,945. Insiders own 2.20% of the company’s stock.
Semtech (SMTC) traded down $0.30 during trading on Tuesday, reaching $32.50. 628,600 shares of the company traded hands, compared to its average volume of 576,407. The stock has a market cap of $2,176.56, a price-to-earnings ratio of 47.10, a price-to-earnings-growth ratio of 4.40 and a beta of 1.41. Semtech has a one year low of $31.30 and a one year high of $41.95. The company has a quick ratio of 3.20, a current ratio of 3.80 and a debt-to-equity ratio of 0.32.
Semtech (NASDAQ:SMTC) last released its earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.04. The company had revenue of $156.60 million during the quarter, compared to analyst estimates of $155.69 million. Semtech had a net margin of 7.79% and a return on equity of 12.13%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 EPS. analysts predict that Semtech will post 1.21 EPS for the current fiscal year.
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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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