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.

Investment analysts gave a few price targets for SMTC. The maximum price target given was 48, which equates to a potential upside of 20.75 percent. The minimum price target given was 39, which equates to a potential downside of -1.89 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 6.74 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of 3.48 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of SMTC to grow at a rate of 36.12 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of SMTC is 1.22.

SMTC has a 52-week high of 41.15 and a 52-week low of 22.81. The current market price is above the trailing year's low by 74.27 percent, and 3.4 percent lower than its 52-week 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 market cap of SMTC is $2.61 billion. SMTC will post this quarters earnings in days, on 0000-00-00.