Susquehanna Reaffirms Their Hold Rating on Semtech (SMTC)

By Carrie Williams

Susquehanna analyst Christopher Rolland reiterated a Hold rating on Semtech (SMTCResearch Report) today and set a price target of $48. The company’s shares closed yesterday at $44.15, close to its 52-week low of $41.28.

According to, Rolland is a 5-star analyst with an average return of 8.7% and a 59.6% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Power Integrations, Skyworks Solutions, and Intel Corporation.

Semtech has an analyst consensus of Strong Buy, with a price target consensus of $57.50, representing a 30.2% upside. In a report issued on May 28, Needham also maintained a Hold rating on the stock.

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Based on Semtech’s latest earnings release for the quarter ending January 31, the company reported a quarterly net profit of $13.34 million. In comparison, last year the company had a net profit of $12.38 million.

Based on the recent corporate insider activity of 149 insiders, corporate insider sentiment is negative 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.