Semtech (NASDAQ:SMTC) Price Target Increased to $45.00 by Analysts at Susquehanna

Semtech (NASDAQ:SMTCFree Report) had its price objective upped by Susquehanna from $30.00 to $45.00 in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has a positive rating on the semiconductor company’s stock.

A number of other equities analysts also recently weighed in on the company. Needham & Company LLC upped their price target on Semtech from $26.00 to $38.00 and gave the stock a buy rating in a research report on Monday. Roth Mkm cut their price objective on Semtech from $46.00 to $42.00 and set a buy rating for the company in a report on Thursday, December 7th. Craig Hallum increased their price objective on Semtech from $30.00 to $36.00 and gave the company a buy rating in a report on Monday. Piper Sandler reissued an overweight rating and issued a $40.00 price objective (up previously from $30.00) on shares of Semtech in a report on Monday. Finally, Robert W. Baird reaffirmed an outperform rating and set a $40.00 price target on shares of Semtech in a report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $39.35.

Check Out Our Latest Research Report on SMTC

Semtech Price Performance

NASDAQ SMTC opened at $29.37 on Monday. The business has a 50 day simple moving average of $21.90 and a 200 day simple moving average of $20.48. Semtech has a 52-week low of $13.13 and a 52-week high of $30.84. 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 has a market cap of $1.89 billion, a price-to-earnings ratio of -1.73, a PEG ratio of 16.04 and a beta of 1.85.

Institutional Investors Weigh In On Semtech

A number of hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its holdings in Semtech by 19.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,217,670 shares of the semiconductor company’s stock worth $26,679,000 after purchasing an additional 197,595 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Semtech by 431.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 827,582 shares of the semiconductor company’s stock valued at $18,133,000 after buying an additional 671,885 shares in the last quarter. Contour Asset Management LLC raised its holdings in shares of Semtech by 2.6% during the 4th quarter. Contour Asset Management LLC now owns 1,463,817 shares of the semiconductor company’s stock valued at $32,072,000 after buying an additional 36,838 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Semtech in the 4th quarter worth approximately $546,000. Finally, Potomac Capital Management Inc. purchased a new position in Semtech in the 4th quarter worth approximately $1,275,000.

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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