In a report released today, Tristan Gerra from Robert W. Baird maintained a Buy rating on Semtech (SMTC), with a price target of $50. The company’s shares opened today at $55.50.
According to TipRanks.com, Gerra is a 5-star analyst with an average return of 18.1% and a 65.6% success rate. Gerra covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Stmicroelectronics NV, and Skyworks Solutions.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Semtech with a $59.33 average price target, implying a 6.9% upside from current levels. In a report issued on February 27, B.Riley FBR also assigned a Buy rating to the stock with a $68 price target.
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Semtech’s market cap is currently $3.59B and has a P/E ratio of 77.23. The company has a Price to Book ratio of 5.18.
Based on the recent corporate insider activity of 150 insiders, corporate insider sentiment is negative on the stock.
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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.
