Semtech Co. (NASDAQ:SMTC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Semtech Co. (NASDAQ:SMTC) has earned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $39.85.

SMTC has been the subject of a number of recent research reports. Susquehanna lifted their price objective on Semtech from $30.00 to $45.00 and gave the stock a “positive” rating in a research report on Monday, April 1st. Oppenheimer restated a “market perform” rating on shares of Semtech in a report on Monday, April 1st. Craig Hallum lifted their target price on Semtech from $30.00 to $36.00 and gave the company a “buy” rating in a report on Monday, April 1st. Robert W. Baird upped their price target on Semtech from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Finally, Northland Securities lifted their price objective on Semtech from $30.00 to $36.50 and gave the company an “outperform” rating in a research note on Monday, April 1st.

Semtech Stock Up 0.3 %

Shares of NASDAQ SMTC opened at $39.81 on Wednesday. The firm’s 50-day moving average is $29.20 and its two-hundred day moving average is $22.47. The company has a market capitalization of $2.57 billion, a PE ratio of -2.34 and a beta of 1.70. Semtech has a 12-month low of $13.13 and a 12-month high of $40.19. 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 (NASDAQ:SMTC) last posted its earnings results on Thursday, March 28th. The semiconductor company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). The company had revenue of $192.95 million during the quarter, compared to analysts’ expectations of $191.24 million. Semtech had a negative net margin of 125.70% and a negative return on equity of 9.41%. Equities analysts anticipate that Semtech will post -0.09 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Mark Lin bought 1,000 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was acquired at an average cost of $33.23 per share, for a total transaction of $33,230.00. Following the completion of the purchase, the chief financial officer now owns 1,000 shares of the company’s stock, valued at $33,230. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in Semtech by 83.9% during the 1st quarter. GAMMA Investing LLC now owns 1,694 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 773 shares during the last quarter. Texas Permanent School Fund Corp grew its position in shares of Semtech by 1.6% during the first quarter. Texas Permanent School Fund Corp now owns 56,053 shares of the semiconductor company’s stock worth $1,541,000 after buying an additional 875 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Semtech in the first quarter worth $27,000. Versant Capital Management Inc raised its holdings in Semtech by 205.0% in the first quarter. Versant Capital Management Inc now owns 1,873 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 1,259 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Semtech by 1.2% during the 3rd quarter. Swiss National Bank now owns 140,600 shares of the semiconductor company’s stock valued at $3,620,000 after acquiring an additional 1,600 shares during the last quarter.

Semtech Company Profile

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.