In a report released yesterday, Christopher Rolland from Susquehanna initiated coverage with a Hold rating on Semtech (SMTC) and a price target of $54. The company’s shares closed yesterday at $50.55.
According to TipRanks.com, Rolland is a 5-star analyst with an average return of 7.4% and a 58.4% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Integrated Device Tech, Power Integrations, and Texas Instruments.
Semtech has an analyst consensus of Strong Buy, with a price target consensus of $57.67, which is a 14.1% upside from current levels. In a report issued on November 29, Needham also maintained a Hold rating on the stock.
Semtech’s market cap is currently $3.29B and has a P/E ratio of 71.50. The company has a Price to Book ratio of 4.80.
Based on the recent corporate insider activity of 160 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.