Semtech (SMTC) Receives a New Rating from a Top Analyst

By Carrie Williams

In a report released today, Rick Schafer from Oppenheimer assigned a Buy rating to Semtech (SMTCResearch Report). The company’s shares opened today at $50.42.

According to, Schafer is a top 100 analyst with an average return of 13.7% and a 66.7% success rate. Schafer covers the Consumer Goods sector, focusing on stocks such as Akoustis Technologies, Skyworks Solutions, and Texas Instruments.

Semtech has an analyst consensus of Strong Buy, with a price target consensus of $57.67, implying a 14.4% upside from current levels. In a report released today, Robert W. Baird also reiterated a Buy rating on the stock with a $50 price target.


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Semtech’s market cap is currently $3.34B and has a P/E ratio of 71.91. The company has a Price to Book ratio of 4.83.

Based on the recent corporate insider activity of 155 insiders, corporate insider sentiment is neutral on the stock.

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Semtech Corp. engages in the manufacture and supply of analog and mixed signal semiconductor products for high-end consumer, enterprise computing, communications, and industrial equipment. It offers signal integrity, protection, wireless and sensing, and power and high-reliability products.