B.Riley Financial analyst Craig Ellis maintained a Buy rating on Semtech (NASDAQ:SMTC) Corp. on Wednesday, setting a price target of $53, which is approximately 25.70% below the present share price of $71.33.
Ellis expects Semtech Corp . to post earnings per share (EPS) of $0.28 for the first quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in Semtech, with an average price target of $78.63.
The analysts price targets range from a high of $87 to a low of $72.
In its latest earnings report, released on 10/31/2020, the company reported a quarterly revenue of $154.08 million and a net profit of $21.48 million. The company's market cap is $4.64 billion.
According to TipRanks.com, B.Riley Financial analyst Craig Ellis is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 21.4% and a 66.20% success rate.
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. The company was founded in 1960 and is headquartered in Camarillo, CA.