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Semtech (SMTC) Initiated with a Hold at Susquehanna


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.

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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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.