Susquehanna analyst Christopher Rolland reiterated a Hold rating on Semtech (SMTC) today and set a price target of $40.00. The company’s shares closed last Monday at $33.78, close to its 52-week low of $32.81.
According to TipRanks.com, Rolland is a 5-star analyst with an average return of 8.7% and a 57.1% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Power Integrations, Skyworks Solutions, and Texas Instruments.
Currently, the analyst consensus on Semtech is a Strong Buy with an average price target of $54.17.
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Semtech’s market cap is currently $2.23B and has a P/E ratio of 46.15. The company has a Price to Book ratio of 3.25.
Based on the recent corporate insider activity of 111 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.