Press coverage about Semtech (NASDAQ:SMTC) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Semtech earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 45.2991428162093 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
A number of equities research analysts recently issued reports on SMTC shares. Oppenheimer reiterated a “buy” rating and issued a $42.00 price objective on shares of Semtech in a report on Sunday, August 27th. Zacks Investment Research cut shares of Semtech from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. BWS Financial assumed coverage on shares of Semtech in a report on Monday, November 20th. They set a “buy” rating and a $49.00 price target for the company. Drexel Hamilton restated a “buy” rating and set a $45.00 price target on shares of Semtech in a report on Thursday, August 31st. Finally, B. Riley restated a “buy” rating and set a $48.00 price target on shares of Semtech in a report on Thursday, October 5th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Semtech has a consensus rating of “Buy” and a consensus price target of $43.29.
Semtech (NASDAQ SMTC) opened at $33.80 on Tuesday. Semtech has a 52-week low of $30.00 and a 52-week high of $41.95. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.80 and a quick ratio of 3.20. The stock has a market cap of $2,259.50, a PE ratio of 29.35, a P/E/G ratio of 5.54 and a beta of 1.41.
Semtech (NASDAQ:SMTC) last posted its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.04. The firm had revenue of $156.60 million during the quarter, compared to analyst estimates of $155.69 million. Semtech had a net margin of 7.79% and a return on equity of 12.13%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 earnings per share. analysts expect that Semtech will post 1.23 EPS for the current fiscal year.
In other news, EVP Gary Beauchamp sold 21,666 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $39.84, for a total transaction of $863,173.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Mark C. Costello sold 897 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $36.27, for a total transaction of $32,534.19. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,620 shares of company stock valued at $2,092,651. Company insiders own 2.20% of the company’s stock.
WARNING: This article was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2017/12/05/semtech-smtc-earns-daily-coverage-optimism-score-of-0-21.html.
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, consumer and industrial end-markets. Its product lines include Signal Integrity, Protection, Wireless and Sensing, and Power and High-Reliability.
Receive News & Ratings for Semtech Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Semtech Co. and related companies with MarketBeat.com's FREE daily email newsletter.