Analyst Ratings for Semtech Corp. (SMTC)

Updated: 2017-07-29

An average rating of Buy has been given to Semtech Corp. (NASDAQ:SMTC) by analysts covering the stock. A consensus rating of Buy was previously issued for SMTC last month.

5 analysts declared SMTC a buy, 1 gave an overweight rating, 1 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 1. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

Many analysts weighed in on price targets for SMTC. The highest price target was 48, implying a possible profit of 20.75 percent. The most pessimistic analyst gave a price target of 39, which equates to a potential downside of -1.89 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes 6.74 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 3.48 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.

SMTC has an estimated earnings growth rate of 36.12 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. SMTC has a PEG ratio of 1.22.

In the trailing 52-weeks, SMTC hit 41.15 at the highest peak, while it's lowest trading point was 22.81. Currently the stock is 74.27 percent higher than its low, and 3.4 percent below the high. SMTC has a P/E ratio of 44.17. Investors typically compare the P/E ratio to a company's peers in the industry. The SMTC value stock report compares SMTC to some of its peers using value stock charts. The stock has a market capitalization of $2.61 billion. SMTC's next earnings release will be on 0000-00-00, which is days away.