Semtech (NASDAQ:SMTC) Given New $36.50 Price Target at Northland Securities

Semtech (NASDAQ:SMTCFree Report) had its target price boosted by Northland Securities from $30.00 to $36.50 in a research report report published on Monday morning, Benzinga reports. They currently have an outperform rating on the semiconductor company’s stock.

SMTC has been the topic of a number of other research reports. Stifel Nicolaus raised their target price on Semtech from $26.00 to $31.00 and gave the company a buy rating in a report on Monday. Oppenheimer reaffirmed a market perform rating on shares of Semtech in a research report on Monday. Susquehanna upped their target price on shares of Semtech from $30.00 to $45.00 and gave the company a positive rating in a research note on Monday. Piper Sandler restated an overweight rating and issued a $40.00 price target (up from $30.00) on shares of Semtech in a research report on Monday. Finally, Needham & Company LLC upped their price objective on shares of Semtech from $26.00 to $38.00 and gave the company a buy rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $39.35.

View Our Latest Stock Report on Semtech

Semtech Trading Up 6.8 %

Shares of NASDAQ:SMTC opened at $29.37 on Monday. The company has a debt-to-equity ratio of 4.11, a quick ratio of 1.72 and a current ratio of 2.39. The stock’s 50-day moving average is $21.90 and its 200-day moving average is $20.48. The company has a market cap of $1.89 billion, a P/E ratio of -1.73, a P/E/G ratio of 16.04 and a beta of 1.85. Semtech has a 52-week low of $13.13 and a 52-week high of $30.84.

Institutional Trading of Semtech

Several institutional investors have recently bought and sold shares of SMTC. Neo Ivy Capital Management acquired a new position in shares of Semtech in the 2nd quarter worth approximately $41,000. Quarry LP acquired a new position in Semtech in the first quarter worth $49,000. Cape Investment Advisory Inc. bought a new stake in shares of Semtech during the fourth quarter worth $63,000. Captrust Financial Advisors increased its stake in shares of Semtech by 186.5% in the first quarter. Captrust Financial Advisors now owns 1,020 shares of the semiconductor company’s stock valued at $71,000 after buying an additional 664 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Semtech by 35.3% in the third quarter. Tower Research Capital LLC TRC now owns 2,781 shares of the semiconductor company’s stock valued at $72,000 after buying an additional 726 shares during the last quarter.

Semtech Company Profile

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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.

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Analyst Recommendations for Semtech (NASDAQ:SMTC)

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