2 weeks Ago By Defense World Staff
Shares of Semtech Co. ( NASDAQ:SMTC – Get Free Report ) have been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company.
The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $53.10. Several equities analysts have recently weighed in on SMTC shares.
Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Semtech in a research report on Wednesday, August 28th. Susquehanna raised their price objective on shares of Semtech from $55.
00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday. B.
Riley increased their target price on Semtech from $58.00 to $61.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th.
Stifel Nicolaus lifted their price target on Semtech from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th.
Finally, Benchmark reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Semtech in a report on Monday, October 7th. Get Our Latest Research Report on Semtech Institutional Inflows and Outflows Semtech Price Performance Shares of SMTC opened at $50.
89 on Friday. The firm has a 50-day moving average of $45.56 and a 200-day moving average of $38.
87. The company has a market cap of $3.83 billion, a PE ratio of -3.
76 and a beta of 1.54. Semtech has a one year low of $15.
53 and a one year high of $53.22. Semtech ( NASDAQ:SMTC – Get Free Report ) last announced its quarterly earnings results on Tuesday, August 27th.
The semiconductor company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.
01. Semtech had a negative return on equity of 154.99% and a negative net margin of 107.
21%. The firm had revenue of $215.40 million for the quarter, compared to the consensus estimate of $212.
30 million. During the same quarter in the previous year, the business earned ($0.06) earnings per share.
The business’s revenue was down 9.6% compared to the same quarter last year. Analysts expect that Semtech will post -0.
07 earnings per share for the current year. About Semtech ( Get Free Report Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor 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.
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