Benchmark restated their purchase score on shares of Semtech (NASDAQ:SMTC – Free Report) in a analysis report launched on Monday, Benzinga stories. They at the moment have a $56.00 goal worth on the semiconductor firm’s inventory.
SMTC has been the topic of a number of different analysis stories. Roth Mkm reissued a purchase score and issued a $50.00 goal worth on shares of Semtech in a analysis report on Wednesday, August twenty eighth. B. Riley upped their worth goal on Semtech from $58.00 to $61.00 and gave the corporate a purchase score in a analysis notice on Wednesday, August twenty eighth. Summit Insights lowered Semtech from a purchase score to a maintain score in a analysis report on Wednesday, August twenty eighth. Needham & Firm LLC reissued a purchase score and set a $50.00 worth goal on shares of Semtech in a analysis report on Wednesday, August twenty eighth. Lastly, Stifel Nicolaus lifted their worth goal on shares of Semtech from $45.00 to $50.00 and gave the inventory a purchase score in a report on Wednesday, August twenty eighth. Three analysts have rated the inventory with a maintain score and ten have issued a purchase score to the inventory. In response to MarketBeat.com, the corporate has a mean score of Average Purchase and a consensus goal worth of $52.60.
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Semtech Value Efficiency
Shares of Semtech inventory opened at $41.14 on Monday. Semtech has a 1-year low of $13.13 and a 1-year excessive of $49.53. The enterprise has a 50-day transferring common of $39.28 and a 200-day transferring common of $35.85. The corporate has a market capitalization of $3.09 billion, a PE ratio of -2.43 and a beta of 1.54.
Semtech (NASDAQ:SMTC – Get Free Report) final posted its quarterly earnings information on Tuesday, August twenty seventh. The semiconductor firm reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. The corporate had income of $215.40 million for the quarter, in comparison with the consensus estimate of $212.30 million. Semtech had a damaging return on fairness of 154.99% and a damaging web margin of 107.21%. Semtech’s income for the quarter was down 9.6% in comparison with the identical quarter final yr. Throughout the identical interval within the earlier yr, the enterprise earned ($0.06) EPS. On common, equities analysts anticipate that Semtech will publish -0.07 earnings per share for the present fiscal yr.
Institutional Inflows and Outflows
Hedge funds and different institutional traders have just lately purchased and offered shares of the corporate. Hotchkis & Wiley Capital Administration LLC raised its holdings in shares of Semtech by 42.9% throughout the fourth quarter. Hotchkis & Wiley Capital Administration LLC now owns 611,250 shares of the semiconductor firm’s inventory valued at $13,392,000 after shopping for a further 183,550 shares over the past quarter. Contour Asset Administration LLC raised its stake in Semtech by 2.6% throughout the 4th quarter. Contour Asset Administration LLC now owns 1,463,817 shares of the semiconductor firm’s inventory valued at $32,072,000 after buying a further 36,838 shares within the final quarter. Goldman Sachs Group Inc. boosted its place in Semtech by 19.4% throughout the 4th quarter. Goldman Sachs Group Inc. now owns 1,217,670 shares of the semiconductor firm’s inventory value $26,679,000 after buying a further 197,595 shares throughout the interval. Versant Capital Administration Inc grew its stake in shares of Semtech by 205.0% within the first quarter. Versant Capital Administration Inc now owns 1,873 shares of the semiconductor firm’s inventory value $51,000 after buying a further 1,259 shares within the final quarter. Lastly, Moody Nationwide Financial institution Belief Division purchased a brand new place in shares of Semtech within the first quarter value $243,000.
Semtech Firm Profile
Semtech Company designs, develops, manufactures, and markets analog and mixed-signal semiconductor and superior algorithms. It supplies sign integrity merchandise, together with a portfolio of optical information communications and video transport merchandise utilized in varied infrastructure, and industrial functions; a portfolio of built-in circuits for information facilities, enterprise networks, passive optical networks, wi-fi base station optical transceivers, and high-speed interface functions; and video merchandise for broadcast functions, in addition to video-over-IP expertise for skilled audio video functions.
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