Semtech (NASDAQ:SMTC) Price Target Raised to $36.00 at Stifel Nicolaus

Semtech (NASDAQ:SMTC) had its target price hoisted by Stifel Nicolaus from $31.00 to $36.00 in a report published on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Other equities research analysts have also issued reports about the company. Susquehanna upped their price objective on Semtech from $30.00 to $45.00 and gave the stock a positive rating in a research note on Monday, April 1st. Craig Hallum upped their price objective on Semtech from $30.00 to $36.00 and gave the stock a buy rating in a research note on Monday, April 1st. Piper Sandler restated an overweight rating and issued a $40.00 price objective (up from $30.00) on shares of Semtech in a research note on Monday, April 1st. Oppenheimer restated a market perform rating on shares of Semtech in a research note on Monday, April 1st. Finally, Needham & Company LLC upped their price objective on Semtech from $26.00 to $38.00 and gave the stock a buy rating in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $39.85.

Semtech Stock Down 2.5 %

NASDAQ SMTC opened at $32.05 on Thursday. The business’s fifty day moving average price is $25.08 and its 200-day moving average price is $21.20. The company has a debt-to-equity ratio of 4.11, a current ratio of 2.46 and a quick ratio of 1.79. Semtech has a 1-year low of $13.13 and a 1-year high of $35.80.

Insiders Place Their Bets

In other Semtech news, CFO Mark Lin purchased 1,000 shares of the business’s stock in a transaction on Monday, April 8th. The stock was acquired at an average price of $33.23 per share, for a total transaction of $33,230.00. Following the purchase, the chief financial officer now owns 1,000 shares of the company’s stock, valued at approximately $33,230. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Neo Ivy Capital Management purchased a new position in shares of Semtech during the second quarter valued at about $41,000. GAMMA Investing LLC grew its position in shares of Semtech by 83.9% during the first quarter. GAMMA Investing LLC now owns 1,694 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 773 shares in the last quarter. Quarry LP purchased a new position in shares of Semtech during the first quarter valued at about $49,000. Versant Capital Management Inc grew its position in shares of Semtech by 205.0% during the first quarter. Versant Capital Management Inc now owns 1,873 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 1,259 shares in the last quarter. Finally, Cape Investment Advisory Inc. purchased a new position in shares of Semtech during the fourth quarter valued at about $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.