In a report released today, Christopher Rolland from Susquehanna reiterated a Hold rating on Semtech (SMTC), with a price target of $45. The company’s shares closed last Monday at $42.95, close to its 52-week low of $39.54.
According to TipRanks.com, Rolland is a 5-star analyst with an average return of 10.3% and a 63.3% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Power Integrations, Skyworks Solutions, and Intel Corporation.
Currently, the analyst consensus on Semtech is a Strong Buy with an average price target of $51.86, implying a 21.3% upside from current levels. In a report released today, Needham also maintained a Hold rating on the stock.
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Semtech’s market cap is currently $2.86B and has a P/E ratio of 45.77. The company has a Price to Book ratio of 4.12.
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.
