Needham analyst Quinn Bolton maintained a Hold rating on Semtech (SMTC) today. The company’s shares closed last Monday at $42.95, close to its 52-week low of $39.54.
According to TipRanks.com, Bolton is a top 100 analyst with an average return of 16.0% and a 65.3% success rate. Bolton covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Applied Materials Inc, and Ultra Clean Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Semtech with a $51 average price target.
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The company has a one-year high of $60.55 and a one-year low of $39.54. Currently, Semtech has an average volume of 571.2K.
Based on the recent corporate insider activity of 133 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.
