Analysts at Raymond James lifted their price target on shares of Semtech (NASDAQ: SMTC)
A number of other firms have also recently commented on SMTC. 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. 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. 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. They now have an ?outperform? rating on the stock. Eight analysts have rated the stock with a buy rating, one has issued an overweight rating, and one has issued a hold rating to the company?s stock. The stock presently has an average rating of ?buy? and an average target price of $37.78.
Semtech traded down 0.87% on Friday, hitting $33.07. Semtech has a 1-year low of $22.22 and a 1-year high of $34.42. The stock?s 50-day moving average is currently $30.61. The company has a market cap of $2.195 billion and a price-to-earnings ratio of 53.81.
Semtech last released its earnings data on Wednesday, March 6th. The company reported $0.49 earnings per share for the quarter, beating the analysts? consensus estimate of $0.43 by $0.06. The company had revenue of $150.60 million for the quarter, compared to the consensus estimate of $149.12 million. During the same quarter last year, the company posted $0.32 earnings per share. Semtech?s revenue was up 44.8% compared to the same quarter last year. Semtech has set its Q1 guidance at $0.43-$0.49 EPS. On average, analysts predict that Semtech will post $2.16 earnings per share for the current fiscal year.
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.