In a report released today, Quinn Bolton from Needham assigned a Buy rating to Semtech (SMTC), with a price target of $86.00. The company’s shares closed last Wednesday at $73.09.
According to TipRanks.com, Bolton is a top 25 analyst with an average return of 46.9% and a 79.5% success rate. Bolton covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Ultra Clean Holdings, and Axcelis Technologies.
Semtech has an analyst consensus of Strong Buy, with a price target consensus of $81.33, a 14.5% upside from current levels. In a report issued on March 12, Oppenheimer also assigned a Buy rating to the stock with a $80.00 price target.
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Semtech’s market cap is currently $4.75B and has a P/E ratio of 101.80. The company has a Price to Book ratio of 15.06.
Based on the recent corporate insider activity of 100 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. The company was founded in 1960 and is headquartered in Camarillo, CA.
