Semtech Co. (NASDAQ:SMTC) Given Average Recommendation of “Hold” by Analysts

Shares of Semtech Co. (NASDAQ:SMTC – Get Rating) have been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $37.60.

A number of research analysts have commented on SMTC shares. StockNews.com began coverage on Semtech in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Northland Securities began coverage on Semtech in a research report on Tuesday, April 11th. They set an “outperform” rating and a $32.00 price objective for the company. Stifel Nicolaus dropped their price objective on Semtech from $37.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, April 19th. B. Riley reiterated a “buy” rating and issued a $52.00 target price on shares of Semtech in a research report on Thursday, March 30th. Finally, Benchmark reiterated a “buy” rating and issued a $45.00 target price on shares of Semtech in a research report on Friday, March 31st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Neo Ivy Capital Management bought a new position in shares of Semtech in the second quarter valued at approximately $41,000. Cerity Partners LLC purchased a new position in shares of Semtech in the first quarter valued at $2,312,000. UMB Bank n.a. purchased a new position in shares of Semtech in the fourth quarter valued at $28,000. Captrust Financial Advisors grew its position in Semtech by 186.5% during the first quarter. Captrust Financial Advisors now owns 1,020 shares of the semiconductor company’s stock worth $71,000 after buying an additional 664 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Semtech during the first quarter worth about $84,000. Institutional investors own 96.32% of the company’s stock.

Semtech Stock Performance

Shares of NASDAQ SMTC opened at $21.45 on Wednesday. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.82 and a quick ratio of 1.30. The stock’s fifty day moving average price is $23.04 and its two-hundred day moving average price is $27.81. Semtech has a one year low of $17.82 and a one year high of $65.51. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 22.34 and a beta of 1.69.

Semtech Company Profile

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Semtech Corp. engages in the manufacture and supply of analog and mixed signal semiconductor products for high-end consumer, enterprise computing, communications, and industrial equipment. The firm operates through the following business segments: Protection, Signal Integrity, and Wireless & Sensing.