Brokerage Firm Rating Update on Semtech Corporation (SMTC)

Semtech Corporation (SMTC) : 2 brokerage houses believe that Semtech Corporation (SMTC) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Semtech Corporation (SMTC). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 6 Wall Street Analysts endorse the stock as a Buy with a rating of 2.17.

Semtech Corporation (SMTC) : The highest level Semtech Corporation (SMTC) is projected to reach is $35 for the short term and the lowest estimate is at $22. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $28.8 and the possibility the share price can swing is $5.26.


For the current week, the company shares have a recommendation consensus of Buy.

Semtech Corporation (NASDAQ:SMTC): stock was range-bound between the intraday low of $27.021 and the intraday high of $27.745 after having opened at $27.68 on Wednesdays session. The stock finally closed in the red at $27.68, a loss of -0.33%. The stock remained in the red for the whole trading day. The total traded volume was 364,953 shares. The stock failed to cross $27.745 in Wednesdays trading. The stocks closing price on Thursday was $27.65.

Semtech Corporation is a supplier of analog and mixed-signal semiconductor products. The Company designs, develops and markets a range of products for commercial applications, which are sold into the enterprise computing, communications, high-end consumer and industrial end-markets. It offers datacenters, passive optical networks, notebooks, servers and other computer peripherals for the enterprise computing market. It offers base stations, optical networks, carrier networks, switches and routers, cable modems and other communication infrastructure equipment for communications market. It offers handheld products, smartphones, set-top boxes, digital televisions, and other consumer equipment for the high-end consumer market. It offers video broadcast studio equipment, automated meter reading, Internet of Things (IoT), smart grid, military and aerospace, medical, security systems, automotive, industrial and home automation and other industrial equipment for the industrial market.

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