Semtech (SMTC) Scheduled to Post Earnings on Thursday

Semtech (NASDAQ:SMTC) is set to issue its quarterly earnings data after the market closes on Thursday, March 28th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Semtech Price Performance

Shares of NASDAQ SMTC opened at $25.17 on Wednesday. The stock has a market cap of $1.62 billion, a PE ratio of -3.21, a price-to-earnings-growth ratio of 13.37 and a beta of 1.81. Semtech has a fifty-two week low of $13.13 and a fifty-two week high of $32.44. The company has a debt-to-equity ratio of 4.11, a quick ratio of 1.72 and a current ratio of 2.39. The stock has a fifty day moving average of $21.29 and a 200-day moving average of $20.35.

Analyst Upgrades and Downgrades

SMTC has been the subject of several recent research reports. Roth Mkm reduced their price target on Semtech from $46.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, December 7th. Needham & Company LLC reduced their target price on Semtech from $35.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, December 7th. Stifel Nicolaus boosted their target price on Semtech from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Robert W. Baird restated an “outperform” rating and set a $40.00 target price on shares of Semtech in a research report on Tuesday. Finally, Susquehanna boosted their target price on Semtech from $25.00 to $30.00 and gave the stock a “positive” rating in a research report on Thursday, March 14th. One analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.10.

Institutional Investors Weigh In On Semtech

Hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd raised its position in Semtech by 123.9% during the 1st quarter. Covestor Ltd now owns 1,397 shares of the semiconductor company’s stock valued at $97,000 after purchasing an additional 773 shares during the last quarter. Loomis Sayles & Co. L P grew its position in shares of Semtech by 3.3% in the 1st quarter. Loomis Sayles & Co. L P now owns 508,063 shares of the semiconductor company’s stock worth $35,229,000 after buying an additional 16,124 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Semtech by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 6,480,636 shares of the semiconductor company’s stock worth $449,367,000 after buying an additional 26,683 shares during the last quarter. Prudential PLC bought a new stake in shares of Semtech in the 1st quarter worth approximately $255,000. Finally, Aviva PLC grew its position in shares of Semtech by 12.3% in the 1st quarter. Aviva PLC now owns 33,080 shares of the semiconductor company’s stock worth $2,294,000 after buying an additional 3,625 shares during the last quarter.

About Semtech

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.