Susquehanna Increases Semtech (NASDAQ:SMTC) Price Target to $30.00

Semtech (NASDAQ:SMTC) had its price objective boosted by Susquehanna from $25.00 to $30.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a positive rating on the semiconductor company’s stock.

SMTC has been the topic of several other research reports. Roth Mkm dropped their price target on Semtech from $46.00 to $42.00 and set a buy rating on the stock in a research report on Thursday, December 7th. Needham & Company LLC dropped their price target on Semtech from $35.00 to $26.00 and set a buy rating on the stock in a research report on Thursday, December 7th. Finally, Stifel Nicolaus boosted their price target on Semtech from $22.00 to $26.00 and gave the company a buy rating in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $33.10.

Semtech Stock Performance

Shares of SMTC traded down $0.32 during midday trading on Thursday, reaching $22.53. 1,059,781 shares of the stock were exchanged, compared to its average volume of 1,103,455. The business’s 50-day moving average price is $20.86 and its 200 day moving average price is $20.48. The company has a debt-to-equity ratio of 4.11, a current ratio of 2.39 and a quick ratio of 1.72. Semtech has a twelve month low of $13.13 and a twelve month high of $33.15. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -2.88, a PEG ratio of 13.09 and a beta of 1.81.

Institutional Investors Weigh In On Semtech

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Semtech by 29.7% during the 1st quarter. BlackRock Inc. now owns 12,090,364 shares of the semiconductor company’s stock worth $291,861,000 after acquiring an additional 2,769,314 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Semtech by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 6,576,015 shares of the semiconductor company’s stock worth $193,401,000 after purchasing an additional 151,730 shares during the last quarter. State Street Corp raised its position in shares of Semtech by 16.1% during the 2nd quarter. State Street Corp now owns 4,382,903 shares of the semiconductor company’s stock worth $111,589,000 after purchasing an additional 606,593 shares during the last quarter. Capital Research Global Investors raised its position in shares of Semtech by 1,163.9% during the 2nd quarter. Capital Research Global Investors now owns 4,002,965 shares of the semiconductor company’s stock worth $101,915,000 after purchasing an additional 3,686,252 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Semtech by 58.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,958,316 shares of the semiconductor company’s stock worth $101,927,000 after purchasing an additional 1,466,665 shares during the last quarter.

About Semtech

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.