In a report released today, Anthony Stoss from Craig-Hallum maintained a Buy rating on Semtech (SMTC – Research Report). The company’s shares closed yesterday at $22.38.
Stoss covers the Technology sector, focusing on stocks such as indie Semiconductor, Immersion, and ON Semiconductor. According to TipRanks, Stoss has an average return of 9.1% and a 56.23% success rate on recommended stocks.
Semtech has an analyst consensus of Strong Buy, with a price target consensus of $28.67, a 28.11% upside from current levels. In a report released on March 14, Susquehanna also reiterated a Buy rating on the stock with a $30.00 price target.
SMTC market cap is currently $1.44B and has a P/E ratio of -2.86.
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Semtech (SMTC) Company Description:
Semtech Corp. engages in the manufacture and supply of analog and mixed signal semiconductor products for high-end consumer, enterprise computing, communications, and industrial equipment. It offers signal integrity, protection, wireless and sensing, and power and high-reliability products. The company was founded in 1960 and is headquartered in Camarillo, CA.
