Semtech Co. (NASDAQ:SMTC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Semtech Co. (NASDAQ:SMTC) have received a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $39.85.

SMTC has been the subject of a number of recent analyst reports. Needham & Company LLC lifted their price target on shares of Semtech from $26.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Craig Hallum lifted their price target on shares of Semtech from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Oppenheimer reiterated a “market perform” rating on shares of Semtech in a research report on Monday, April 1st. Stifel Nicolaus lifted their price target on shares of Semtech from $31.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Robert W. Baird lifted their price target on shares of Semtech from $40.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, April 1st.

Semtech Price Performance

Shares of SMTC opened at $31.05 on Friday. Semtech has a 1-year low of $13.13 and a 1-year high of $35.80. The stock has a market cap of $2.00 billion, a PE ratio of -1.83 and a beta of 1.85. The firm has a 50-day simple moving average of $25.28 and a two-hundred day simple moving average of $21.24. The company has a debt-to-equity ratio of 4.11, a current ratio of 2.46 and a quick ratio of 1.79.

Insider Buying and Selling

In other news, CFO Mark Lin purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was bought at an average price of $33.23 per share, for a total transaction of $33,230.00. Following the completion of the purchase, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at $33,230. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Neo Ivy Capital Management purchased a new stake in shares of Semtech during the 2nd quarter worth approximately $41,000. GAMMA Investing LLC lifted its position in shares of Semtech by 83.9% during the 1st quarter. GAMMA Investing LLC now owns 1,694 shares of the semiconductor company’s stock worth $47,000 after buying an additional 773 shares during the last quarter. Quarry LP purchased a new stake in shares of Semtech during the 1st quarter worth approximately $49,000. Versant Capital Management Inc lifted its position in shares of Semtech by 205.0% during the 1st quarter. Versant Capital Management Inc now owns 1,873 shares of the semiconductor company’s stock worth $51,000 after buying an additional 1,259 shares during the last quarter. Finally, Cape Investment Advisory Inc. purchased a new stake in shares of Semtech during the 4th quarter worth approximately $63,000.

Semtech Company Profile

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.