Royal Bank Of Canada restated their hold rating on shares of Semtech Corporation (NASDAQ:SMTC) in a research report released on Tuesday. Royal Bank Of Canada currently has a $39.00 price target on the semiconductor company’s stock.

Several other equities research analysts have also weighed in on the company. Oppenheimer Holdings, Inc. reaffirmed a buy rating and issued a $42.00 target price on shares of Semtech Corporation in a research report on Sunday, August 27th. Zacks Investment Research downgraded shares of Semtech Corporation from a hold rating to a sell rating in a report on Wednesday, September 6th. Drexel Hamilton reissued a buy rating and set a $45.00 price target on shares of Semtech Corporation in a report on Thursday, August 31st. Robert W. Baird restated an outperform rating and set a $45.00 price target on shares of Semtech Corporation in a research report on Tuesday, June 13th. Finally, BidaskClub lowered shares of Semtech Corporation from a strong-buy rating to a buy rating in a research report on Friday, August 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $43.50.

Shares of Semtech Corporation (NASDAQ SMTC) traded down 1.17% during mid-day trading on Tuesday, hitting $37.85. 93,324 shares of the stock traded hands. The stock has a market cap of $2.51 billion, a PE ratio of 40.01 and a beta of 1.45. Semtech Corporation has a one year low of $22.81 and a one year high of $41.15. The stock has a 50-day moving average of $36.63 and a 200 day moving average of $36.04.

Semtech Corporation (NASDAQ:SMTC) last announced its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. Semtech Corporation had a return on equity of 11.77% and a net margin of 11.00%. The business had revenue of $153.10 million for the quarter, compared to the consensus estimate of $154.91 million. During the same quarter last year, the business posted $0.35 EPS. The business’s revenue was up 12.7% on a year-over-year basis. Equities analysts predict that Semtech Corporation will post $1.89 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Semtech Corporation (SMTC) Given “Hold” Rating at Royal Bank Of Canada” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/04/semtech-corporation-smtc-given-hold-rating-at-royal-bank-of-canada.html.

In related news, SVP Asaf Silberstein sold 1,500 shares of the stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $35.48, for a total value of $53,220.00. Following the completion of the transaction, the senior vice president now owns 32,036 shares in the company, valued at approximately $1,136,637.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles B. Ammann sold 2,250 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $37.72, for a total transaction of $84,870.00. Following the completion of the transaction, the executive vice president now owns 14,905 shares of the company’s stock, valued at approximately $562,216.60. The disclosure for this sale can be found here. In the last three months, insiders sold 49,794 shares of company stock valued at $1,858,747. Company insiders own 2.20% of the company’s stock.

Several large investors have recently modified their holdings of SMTC. Advisors Asset Management Inc. boosted its holdings in shares of Semtech Corporation by 34.1% in the first quarter. Advisors Asset Management Inc. now owns 3,002 shares of the semiconductor company’s stock valued at $101,000 after acquiring an additional 764 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Semtech Corporation by 74.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,299 shares of the semiconductor company’s stock valued at $112,000 after acquiring an additional 1,405 shares during the period. Strs Ohio increased its stake in shares of Semtech Corporation by 22.2% during the second quarter. Strs Ohio now owns 3,300 shares of the semiconductor company’s stock valued at $117,000 after acquiring an additional 600 shares during the period. FNY Partners Fund LP increased its stake in shares of Semtech Corporation by 515.4% during the first quarter. FNY Partners Fund LP now owns 4,000 shares of the semiconductor company’s stock valued at $135,000 after acquiring an additional 3,350 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in shares of Semtech Corporation during the first quarter valued at approximately $137,000. 94.42% of the stock is owned by institutional investors.

About Semtech Corporation

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 Corporation (NASDAQ:SMTC)

Receive News & Stock Ratings for Semtech Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Semtech Corporation and related stocks with our FREE daily email newsletter.