Semtech (SMTC) – Research Analysts’ Weekly Ratings Changes

A number of research firms have changed their ratings and price targets for Semtech (NASDAQ: SMTC):

  • 9/16/2019 – Semtech was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/14/2019 – Semtech was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 9/10/2019 – Semtech was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 9/9/2019 – Semtech had its price target lowered by analysts at Cowen Inc from $56.00 to $54.00. They now have an “outperform” rating on the stock.
  • 8/29/2019 – Semtech had its “outperformer” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $60.00 price target on the stock, down previously from $65.00.
  • 8/29/2019 – Semtech had its price target lowered by analysts at B. Riley from $60.00 to $55.00. They now have a “buy” rating on the stock.
  • 8/29/2019 – Semtech had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $50.00 price target on the stock, down previously from $55.00.
  • 8/28/2019 – Semtech was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/26/2019 – Semtech was given a new $45.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 8/6/2019 – Semtech was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/27/2019 – Semtech was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of NASDAQ SMTC traded down $0.79 during trading hours on Friday, reaching $46.67. 808,777 shares of the stock were exchanged, compared to its average volume of 611,752. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 35.09, a P/E/G ratio of 3.75 and a beta of 1.87. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.42 and a current ratio of 4.10. Semtech Co. has a 52 week low of $39.54 and a 52 week high of $59.15. The stock’s fifty day simple moving average is $45.58 and its 200 day simple moving average is $48.78.

Semtech (NASDAQ:SMTC) last announced its earnings results on Wednesday, August 28th. The semiconductor company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.03. The company had revenue of $137.10 million for the quarter, compared to analyst estimates of $134.85 million. Semtech had a return on equity of 12.91% and a net margin of 7.34%. The firm’s quarterly revenue was down 16.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 earnings per share. Research analysts predict that Semtech Co. will post 1.08 EPS for the current fiscal year.

In other news, CFO Emeka Chukwu sold 22,000 shares of the stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $45.51, for a total transaction of $1,001,220.00. Following the transaction, the chief financial officer now owns 105,886 shares in the company, valued at $4,818,871.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Charles B. Ammann sold 20,000 shares of the stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $48.52, for a total value of $970,400.00. Following the transaction, the executive vice president now owns 30,309 shares in the company, valued at approximately $1,470,592.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,725 shares of company stock worth $3,973,883. 1.96% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of SMTC. Cornerstone Advisors Inc. increased its stake in Semtech by 3,725.0% during the 1st quarter. Cornerstone Advisors Inc. now owns 612 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 596 shares during the period. Point72 Hong Kong Ltd increased its stake in Semtech by 28.1% during the 2nd quarter. Point72 Hong Kong Ltd now owns 1,450 shares of the semiconductor company’s stock worth $70,000 after acquiring an additional 318 shares during the period. Point72 Asset Management L.P. bought a new position in Semtech during the 2nd quarter worth $86,000. Marshall Wace LLP bought a new position in Semtech during the 2nd quarter worth $203,000. Finally, Oakbrook Investments LLC bought a new position in Semtech during the 2nd quarter worth $211,000. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. The company provides signal integrity products, including a portfolio of optical data communications and video transport products used in various enterprise computing, industrial, and communications 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.

See Also: Fundamental Analysis

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