Shares of Semtech Co. (NASDAQ:SMTC – Get Rating) have been given an average recommendation of "Hold" by the thirteen brokerages that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $42.90.
Several research firms have recently weighed in on SMTC. StockNews.com cut shares of Semtech from a "buy" rating to a "hold" rating in a report on Friday, December 2nd. Cowen cut their price target on shares of Semtech from $43.00 to $33.00 in a research report on Thursday, December 1st. Susquehanna cut their price target on shares of Semtech from $34.00 to $32.00 in a research report on Thursday, December 1st. Susquehanna Bancshares lowered their price objective on shares of Semtech to $34.00 in a research note on Monday, November 28th. Finally, Stifel Nicolaus lowered their price objective on shares of Semtech from $45.00 to $40.00 in a research note on Tuesday, November 22nd.
Get Semtech alerts:Semtech Trading Down 0.3 %
Shares of SMTC stock opened at $31.82 on Thursday. The company's fifty day simple moving average is $29.39 and its two-hundred day simple moving average is $36.88. The company has a debt-to-equity ratio of 0.57, a current ratio of 5.96 and a quick ratio of 5.17. Semtech has a 1 year low of $25.29 and a 1 year high of $79.23. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 0.91 and a beta of 1.66.
Institutional Investors Weigh In On Semtech
Large investors have recently modified their holdings of the business. Private Trust Co. NA acquired a new position in Semtech during the 2nd quarter valued at approximately $26,000. CWM LLC boosted its holdings in Semtech by 130.3% during the second quarter. CWM LLC now owns 585 shares of the semiconductor company's stock worth $32,000 after buying an additional 331 shares in the last quarter. Neo Ivy Capital Management acquired a new position in Semtech during the second quarter worth $41,000. Fifth Third Bancorp raised its position in Semtech by 224.4% during the third quarter. Fifth Third Bancorp now owns 837 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 579 shares during the period. Finally, UMB Bank n.a. acquired a new stake in shares of Semtech in the fourth quarter valued at about $28,000. Institutional investors own 96.32% of the company's stock.About Semtech
(Get Rating)
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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