Semtech PT Raised to $40.00 at Raymond James (SMTC)
Semtech (NASDAQ: SMTC) had its price target increased by Raymond James from $37.00 to $40.00 in a research report released on Friday morning. Raymond James currently has a strong-buy rating on the stock.
Semtech traded down 0.09% on Friday, hitting $33.0414. Semtech has a 52-week low of $22.22 and a 52-week high of $34.42. The stock’s 50-day moving average is currently $30.72. The company has a market cap of $2.193 billion and a price-to-earnings ratio of 53.34.
SMTC has been the subject of a number of other recent research reports. Analysts at Lazard Capital Markets raised their price target on shares of Semtech from $39.00 to $41.00 in a research note to investors on Thursday, March 7th. They now have a buy rating on the stock. Separately, analysts at Goldman Sachs reiterated a buy rating on shares of Semtech in a research note to investors on Thursday, March 7th. Finally, analysts at Oppenheimer raised their price target on shares of Semtech from $35.00 to $41.00 in a research note to investors on Thursday, March 7th. They now have an outperform rating on the stock.
Eight analysts have rated the stock with a buy rating, one has given an overweight rating, and one has given a hold rating to the company’s stock. Semtech presently has an average rating of buy and a consensus price target of $37.78.
Semtech Corporation (Semtech) is a supplier of analog and mixed-signal semiconductor products. The Company designs, produces and markets a range of products that are sold into applications within the consumer, industrial, computing and communications end-markets.
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