Shares of Semtech Corp. (NASDAQ:SMTC) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $26.68 and last traded at $26.51, with a volume of 125,068 shares traded. The stock had previously closed at $26.22.

A number of analysts recently issued reports on the company. B. Riley restated a “buy” rating and issued a $31.50 price target on shares of Semtech Corp. in a research report on Thursday, June 2nd. Royal Bank Of Canada lifted their target price on Semtech Corp. from $22.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 2nd. Zacks Investment Research upgraded Semtech Corp. from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Wednesday, June 8th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Semtech Corp. in a research report on Thursday, June 2nd. Finally, Drexel Hamilton reiterated a “buy” rating and set a $29.00 target price (up from $26.00) on shares of Semtech Corp. in a research report on Friday, June 3rd. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Semtech Corp. has a consensus rating of “Buy” and an average price target of $25.92.

The stock has a market cap of $1.72 billion and a PE ratio of 92.93. The company’s 50-day moving average is $24.87 and its 200 day moving average is $22.44.

Semtech Corp. (NASDAQ:SMTC) last released its quarterly earnings data on Wednesday, June 1st. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. The business earned $131.10 million during the quarter. During the same quarter in the prior year, the firm posted $0.27 EPS. The business’s revenue was up .8% on a year-over-year basis. Equities research analysts forecast that Semtech Corp. will post $1.32 EPS for the current year.

In related news, VP Mark C. Costello sold 1,183 shares of the firm’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $24.51, for a total transaction of $28,995.33. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Mohan Maheswaran sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $26.00, for a total value of $39,000.00. Following the transaction, the insider now owns 184,867 shares in the company, valued at approximately $4,806,542. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Semtech Corp. stock. California Public Employees Retirement System boosted its position in Semtech Corp. (NASDAQ:SMTC) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 156,300 shares of the company’s stock after buying an additional 8,300 shares during the period. California Public Employees Retirement System owned 0.24% of Semtech Corp. worth $2,957,000 at the end of the most recent quarter.

Semtech Corporation is a supplier of analog and mixed-signal semiconductor products. The Company’s product lines include Signal Integrity, Protection, Wireless and Sensing, and Power and High-Reliability. It designs, develops and markets a portfolio of optical communications, broadcast video, surveillance video, active cable transceiver and backplane products used in enterprise computing, industrial, communications and consumer applications.

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