Semtech Corporation (NASDAQ:SMTC) has analysts on the Bullish side this week.

Semtech Corporation (NASDAQ:SMTC) Logo
Investors sentiment decreased to 1.06 in 2019 Q2. Its down 0.21, from 1.27 in 2019Q1. It is negative, as 35 investors sold Semtech Corporation shares while 59 reduced holdings. 32 funds opened positions while 68 raised stakes. 63.99 million shares or 2.95% more from 62.16 million shares in 2019Q1 were reported.
Moreover, Dupont Capital Corporation has 0.03% invested in Semtech Corporation (NASDAQ:SMTC) for 25,620 shares. Point72 Asset Limited Partnership has 0% invested in Semtech Corporation (NASDAQ:SMTC). Saturna Cap holds 6,030 shares. Winslow Evans & Crocker Inc holds 106 shares. Amalgamated State Bank owns 12,264 shares or 0.01% of their US portfolio. Prudential Public Ltd Com reported 0.15% in Semtech Corporation (NASDAQ:SMTC). Dimensional Fund Advisors Ltd Partnership holds 0.03% or 1.58 million shares. Personal Capital stated it has 0.06% in Semtech Corporation (NASDAQ:SMTC). Voya Inv Llc reported 1.01 million shares. Advisory Svcs Networks Ltd Liability Co owns 205 shares. California Public Employees Retirement, a California-based fund reported 102,242 shares. State Of Wisconsin Invest Board reported 230,000 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 3,999 shares. Ameritas Investment Ptnrs has 24,919 shares for 0.05% of their portfolio. Millennium Lc holds 939,549 shares or 0.02% of its portfolio.

Semtech Corporation (NASDAQ:SMTC) Ratings Coverage

Among 10 analysts covering Semtech (NASDAQ:SMTC), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Semtech has $65 highest and $49 lowest target. $57.36’s average target is 17.32% above currents $48.89 stock price. Semtech had 15 analyst reports since March 14, 2019 according to SRatingsIntel. Susquehanna maintained the shares of SMTC in report on Thursday, March 14 with “Hold” rating. The stock has “Buy” rating by Loop Capital Markets on Monday, March 18. Piper Jaffray maintained Semtech Corporation (NASDAQ:SMTC) on Thursday, March 14 with “Buy” rating. On Thursday, August 29 the stock rating was maintained by B. Riley & Co with “Buy”. FBR Capital maintained the shares of SMTC in report on Thursday, March 14 with “Buy” rating. On Thursday, August 29 the stock rating was maintained by Wells Fargo with “Outperformer”. Roth Capital downgraded it to “Hold” rating and $49 target in Thursday, March 14 report. The rating was maintained by RBC Capital Markets on Thursday, March 14 with “Buy”. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, March 14. The stock of Semtech Corporation (NASDAQ:SMTC) earned “Buy” rating by Oppenheimer on Thursday, March 14. Below is a list of Semtech Corporation (NASDAQ:SMTC) latest ratings and price target changes.

29/08/2019 Broker: Wells Fargo Rating: Outperformer Old Target: $65.0000 New Target: $60.0000 Maintain
29/08/2019 Broker: B. Riley & Co Rating: Buy Old Target: $60.0000 New Target: $55.0000 Maintain
29/05/2019 Broker: BidaskScore Rating: Sell Downgrade
22/05/2019 Broker: Cowen & Co Rating: Outperform New Target: $56.0000 Initiates Coverage On
15/05/2019 Broker: Wells Fargo Rating: Outperform Initiates Coverage On
11/05/2019 Broker: BidaskScore Rating: Sell Downgrade
18/03/2019 Broker: Loop Capital Markets Rating: Buy New Target: $63 Maintain
14/03/2019 Broker: Oppenheimer Rating: Buy New Target: $60 Maintain
14/03/2019 Broker: Susquehanna Rating: Hold New Target: $50 Maintain
14/03/2019 Broker: RBC Capital Markets Rating: Buy New Target: $55 Maintain

The stock increased 1.24% or $0.6 during the last trading session, reaching $48.89. About 536,689 shares traded. Semtech Corporation (NASDAQ:SMTC) has risen 11.78% since September 13, 2018 and is uptrending. It has outperformed by 11.78% the S&P500.

Semtech Corporation designs, develops, makes, and markets analog and mixed-signal semiconductor products. The company has market cap of $3.25 billion. The firm provides signal integrity products, including a portfolio of optical communications, broadcast video, and backplane products used in various enterprise computing, industrial, communications, and high-end consumer applications; and a portfolio of integrated circuits for optical transceivers, backplane, and high-speed interface applications. It has a 75.1 P/E ratio. It also offers protection products, such as filter and termination devices that are integrated with the transient voltage suppressor devices, which protect electronic systems from voltage spikes; and wireless and sensing products comprising a portfolio of specialized radio frequency products used in various industrial, medical, and communications applications, as well as specialized sensing products used in industrial and consumer applications.

More notable recent Semtech Corporation (NASDAQ:SMTC) news were published by: which released: “Semtech (SMTC) to Report Q2 Earnings: What’s in the Offing? – Nasdaq” on August 26, 2019, also with their article: “Despite Its High P/E Ratio, Is Semtech Corporation (NASDAQ:SMTC) Still Undervalued? – Yahoo Finance” published on June 14, 2019, published: “Semtech (SMTC) Matches Q1 Earnings Estimates – Nasdaq” on May 29, 2019. More interesting news about Semtech Corporation (NASDAQ:SMTC) were released by: and their article: “Here’s Why You Should Buy Semtech (SMTC) Stock Right Now – Nasdaq” published on September 19, 2018 as well as‘s news article titled: “Semtech’s LoRa® Devices Preserve Centuries of Art and Cultural History – Yahoo Finance” with publication date: August 22, 2019.

Semtech Corporation (NASDAQ:SMTC) Institutional Positions Chart

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