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 TipRanks.com, 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.