Semtech Corporation (SMTC) Receives Price Target

Semtech Corporation (SMTC) : 5 investment research analysts covering Semtech Corporation (SMTC) have an average price target of $26.9 for the near short term. The highest target price given by the Brokerage Firm to the stock is $32 and the lowest target is $22 for the short term. Analysts expect the variance to be within $3.65 of the average price.

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 (NASDAQ:SMTC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.70 and $26.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.49, notching a gain of 3.35% for the day. The total traded volume was 981,789 . The stock had closed at $26.60 on the previous day.

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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