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Oppenheimer upgraded Semtech (NASDAQ:SMTC) from Perform to Outperform in a report released today.

Yesterday Semtech (NASDAQ:SMTC) traded -0.71% lower at $28.10. The company’s 50-day moving average is $25.74 and its 200-day moving average is $25.17. The last closing price is up 11.63% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 0 shares of the stock were exchanged, down from an average trading volume of 421,766

Oppenheimer has upgraded Semtech (NASDAQ:SMTC) from Perform to Outperform in a report released on 12/01/2016.

Previously on 3/3/2016, RBC Capital Markets reported on Semtech (NASDAQ:SMTC) raised the target price from $19.00 to $22.00. At the time, this indicated a possible upside of 0.14%.

See Chart Below

Semtech (NASDAQ:SMTC)

Semtech has a 52 week low of $15.70 and a 52 week high of $28.45 with a P/E ratio of 66.75 The company’s market cap is currently $0.

In addition to Oppenheimer reporting its target price, a total of 6 brokers have issued a report on the stock. The consensus target price is $28.42 with 1 broker rating the stock a strong buy, 3 brokers rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Semtech (NASDAQ:SMTC)

Semtech Corporation is a supplier of analog and mixed-signal semiconductor products. The Company's product lines include Signal Integrity, Protection, Wireless and Sensing, and Power and High-Reliability. It designs, develops and markets a portfolio of optical communications, broadcast video, surveillance video, active cable transceiver and backplane products used in enterprise computing, industrial, communications and consumer applications. It designs, develops and markets protection devices, which are referred to as transient voltage suppressors (TVS). Its protection products are found in applications, including smart phones and tablets. It designs, develops and markets a portfolio of radio frequency products used in a range of industrial, medical and communications applications, and sensing products used in industrial and consumer applications. It designs, develops and markets power product devices that control, alter, regulate and condition the power within electronic systems.

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