In a report released yesterday, Quinn Bolton from Needham maintained a Hold rating on Semtech (SMTC). The company’s shares closed yesterday at $43.42, close to its 52-week low of $41.28.
According to TipRanks.com, Bolton is a top 100 analyst with an average return of 15.2% and a 64.8% success rate. Bolton covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Quantenna Communications, and Applied Materials Inc.
Semtech has an analyst consensus of Strong Buy, with a price target consensus of $58.41.
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Based on Semtech’s latest earnings release for the quarter ending January 31, the company reported a quarterly net profit of $13.34 million. In comparison, last year the company had a net profit of $12.38 million.
Based on the recent corporate insider activity of 149 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.
