Semtech Co. (SMTC) Given Consensus Recommendation of “Buy” by Analysts
Semtech Co. (NASDAQ:SMTC) has earned an average recommendation of “Buy” from the fourteen research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $58.70.
A number of equities research analysts have weighed in on SMTC shares. Roth Capital set a $63.00 target price on Semtech and gave the company a “buy” rating in a research report on Monday, October 8th. ValuEngine raised Semtech from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 12th. BidaskClub lowered Semtech from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 27th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $57.00 target price on shares of Semtech in a research report on Monday, August 27th. Finally, Stifel Nicolaus lifted their target price on Semtech from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, August 30th.
In other news, VP Simon A. Brown sold 2,000 shares of the business’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $59.01, for a total value of $118,020.00. Following the completion of the transaction, the vice president now directly owns 17,193 shares of the company’s stock, valued at approximately $1,014,558.93. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP James Jungsup Kim sold 8,617 shares of the business’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $60.00, for a total value of $517,020.00. Following the completion of the transaction, the senior vice president now directly owns 54,842 shares of the company’s stock, valued at $3,290,520. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,886 shares of company stock valued at $2,288,967. Corporate insiders own 2.30% of the company’s stock.
Shares of NASDAQ SMTC opened at $48.78 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.13 and a quick ratio of 3.62. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 34.84, a PEG ratio of 5.73 and a beta of 1.68. Semtech has a twelve month low of $31.30 and a twelve month high of $60.55.
Semtech (NASDAQ:SMTC) last issued its earnings results on Wednesday, August 29th. The semiconductor company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.01. The business had revenue of $163.20 million during the quarter, compared to analyst estimates of $161.21 million. Semtech had a return on equity of 12.66% and a net margin of 8.48%. Semtech’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 EPS. Research analysts expect that Semtech will post 1.56 earnings per share for the current fiscal year.
Semtech Company Profile
Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. The company provides signal integrity products, including a portfolio of optical data communications and video transport products used in various enterprise computing, industrial, communications, and high-end consumer applications; and a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications.
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