In a report released today, Tristan Gerra from Robert W. Baird reiterated a Buy rating on Semtech (SMTC), with a price target of $50. The company’s shares opened today at $50.42.
According to TipRanks.com, Gerra is a 5-star analyst with an average return of 15.5% and a 58.1% success rate. Gerra covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Stmicroelectronics NV, and Himax Technologies.
Semtech has an analyst consensus of Strong Buy, with a price target consensus of $57.67.
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The company has a one-year high of $60.55 and a one-year low of $31.30. Currently, Semtech has an average volume of 495.1K.
Based on the recent corporate insider activity of 155 insiders, corporate insider sentiment is neutral 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.
