Williams Financial Group Upgrades Semtech to Buy (SMTC)

By admin | 6 years ago

Semtech (NASDAQ: SMTC) was upgraded by equities researchers at Williams Financial Group to a “buy” rating in a report issued on Friday.

Shares of Semtech traded up 1.60% during mid-day trading on Friday, hitting $24.08. Semtech has a one year low of $19.16 and a one year high of $30.46. The company has a market cap of $1.572 billion and a P/E ratio of 23.44.

Semtech last issued its quarterly earnings data on Thursday, May 24th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.04. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts predict that Semtech will post $0.49 earnings per share next quarter.

Separately, analysts at Lazard Capital initiated coverage on shares of Semtech in a research note to investors on Thursday, March 29th. They set a “neutral” rating on the stock.

Semtech Corporation (Semtech) is a supplier of analog and mixed-signal semiconductor products. The Company designs, produces and markets a range of products that are sold into applications within the consumer, industrial, computing and communications end-markets.

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