Discussion stirs around Semtech Corporation (NASDAQ:SMTC) this week; here is what analysts are saying.

Semtech Corporation (NASDAQ:SMTC) Logo
Investors sentiment decreased to 1.06 in 2019 Q2. Its down 0.21, from 1.27 in 2019Q1. It dropped, as 35 investors sold Semtech Corporation shares while 59 reduced holdings. 32 funds opened positions while 68 raised stakes. 63.99 million shares or 2.95% more from 62.16 million shares in 2019Q1 were reported.
Stephens Investment Mgmt Gp Limited Liability has invested 1.02% in Semtech Corporation (NASDAQ:SMTC). 19,210 were reported by Brinker Cap Inc. Reilly Advisors Limited Com accumulated 13,663 shares. Silvercrest Asset Mngmt Gp Ltd Llc, New York-based fund reported 965,777 shares. Gemmer Asset Mngmt Lc reported 168 shares or 0% of all its holdings. Charles Schwab Mgmt Inc stated it has 0.01% of its portfolio in Semtech Corporation (NASDAQ:SMTC). New York State Common Retirement Fund holds 488,220 shares. Fisher Asset Management Ltd Llc reported 0.08% of its portfolio in Semtech Corporation (NASDAQ:SMTC). Chicago Equity Ptnrs Ltd reported 12,655 shares. Texas Permanent School Fund owns 0.03% invested in Semtech Corporation (NASDAQ:SMTC) for 45,252 shares. Thompson Siegel Walmsley Ltd Liability Com has 0.02% invested in Semtech Corporation (NASDAQ:SMTC) for 27,246 shares. Clearbridge Investments Limited Liability Corp invested in 225,947 shares. Lpl Limited Com owns 0% invested in Semtech Corporation (NASDAQ:SMTC) for 11,042 shares. The Wisconsin-based State Of Wisconsin Inv Board has invested 0.03% in Semtech Corporation (NASDAQ:SMTC). Creative Planning accumulated 5,693 shares.

Semtech Corporation (NASDAQ:SMTC) Ratings Coverage

Among 10 analysts covering Semtech (NASDAQ:SMTC), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Semtech has $65 highest and $49 lowest target. $57.36’s average target is 17.32% above currents $48.89 stock price. Semtech had 15 analyst reports since March 14, 2019 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, March 14 by RBC Capital Markets. Susquehanna maintained it with “Hold” rating and $50 target in Thursday, March 14 report. The firm earned “Buy” rating on Thursday, March 14 by Stifel Nicolaus. The rating was maintained by Oppenheimer with “Buy” on Thursday, March 14. On Thursday, March 14 the stock rating was maintained by FBR Capital with “Buy”. Wells Fargo maintained the shares of SMTC in report on Thursday, August 29 with “Outperformer” rating. The stock of Semtech Corporation (NASDAQ:SMTC) has “Buy” rating given on Thursday, August 29 by B. Riley & Co. The firm has “Buy” rating given on Thursday, March 14 by Piper Jaffray. Loop Capital Markets maintained the shares of SMTC in report on Monday, March 18 with “Buy” rating. Roth Capital downgraded Semtech Corporation (NASDAQ:SMTC) rating on Thursday, March 14. Roth Capital has “Hold” rating and $49 target. Below is a list of Semtech Corporation (NASDAQ:SMTC) latest ratings and price target changes.

29/08/2019 Broker: Wells Fargo Rating: Outperformer Old Target: $65.0000 New Target: $60.0000 Maintain
29/08/2019 Broker: B. Riley & Co Rating: Buy Old Target: $60.0000 New Target: $55.0000 Maintain
29/05/2019 Broker: BidaskScore Rating: Sell Downgrade
22/05/2019 Broker: Cowen & Co Rating: Outperform New Target: $56.0000 Initiates Coverage On
15/05/2019 Broker: Wells Fargo Rating: Outperform Initiates Coverage On
11/05/2019 Broker: BidaskScore Rating: Sell Downgrade
18/03/2019 Broker: Loop Capital Markets Rating: Buy New Target: $63 Maintain
14/03/2019 Broker: Oppenheimer Rating: Buy New Target: $60 Maintain
14/03/2019 Broker: Susquehanna Rating: Hold New Target: $50 Maintain
14/03/2019 Broker: RBC Capital Markets Rating: Buy New Target: $55 Maintain

The stock increased 1.24% or $0.6 during the last trading session, reaching $48.89. About 536,689 shares traded. Semtech Corporation (NASDAQ:SMTC) has risen 11.78% since September 13, 2018 and is uptrending. It has outperformed by 11.78% the S&P500.

Semtech Corporation designs, develops, makes, and markets analog and mixed-signal semiconductor products. The company has market cap of $3.25 billion. The firm provides signal integrity products, including a portfolio of optical communications, broadcast video, and backplane products used in various enterprise computing, industrial, communications, and high-end consumer applications; and a portfolio of integrated circuits for optical transceivers, backplane, and high-speed interface applications. It has a 75.1 P/E ratio. It also offers protection products, such as filter and termination devices that are integrated with the transient voltage suppressor devices, which protect electronic systems from voltage spikes; and wireless and sensing products comprising a portfolio of specialized radio frequency products used in various industrial, medical, and communications applications, as well as specialized sensing products used in industrial and consumer applications.

More notable recent Semtech Corporation (NASDAQ:SMTC) news were published by: Nasdaq.com which released: “SMTC Corporation Reports Second Quarter Results – Nasdaq” on August 08, 2019, also Nasdaq.com with their article: “SMTC Corporation to Participate Midwest IDEAS Investor Conference on August 28, 2019 – Nasdaq” published on August 13, 2019, Nasdaq.com published: “Semtech (SMTC) Tops Q2 Earnings and Revenue Estimates – Nasdaq” on August 28, 2019. More interesting news about Semtech Corporation (NASDAQ:SMTC) were released by: Nasdaq.com and their article: “After-Hours Earnings Report for August 28, 2019 : OKTA, FIVE, HRB, WSM, ASND, PVH, OLLI, SMTC, NTNX, BOX, ZUO, GES – Nasdaq” published on August 28, 2019 as well as Finance.Yahoo.com‘s news article titled: “Semtech’s LoRa® Devices Preserve Centuries of Art and Cultural History – Yahoo Finance” with publication date: August 22, 2019.

Semtech Corporation (NASDAQ:SMTC) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.