Robert W. Baird Reaffirms Their Buy Rating on Semtech (SMTC)

In a report released today, Tristan Gerra from Robert W. Baird reiterated a Buy rating on Semtech (SMTCResearch Report), with a price target of $50. The company’s shares opened today at $50.42.

According to TipRanks.com, Gerra is a 5-star analyst with an average return of 15.5% and a 58.1% success rate. Gerra covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Stmicroelectronics NV, and Himax Technologies.

Semtech has an analyst consensus of Strong Buy, with a price target consensus of $57.67.

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The company has a one-year high of $60.55 and a one-year low of $31.30. Currently, Semtech has an average volume of 495.1K.

Based on the recent corporate insider activity of 155 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Semtech Corp. engages in the manufacture and supply of analog and mixed signal semiconductor products for high-end consumer, enterprise computing, communications, and industrial equipment. It offers signal integrity, protection, wireless and sensing, and power and high-reliability products.

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