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Semtech (NASDAQ:SMTC) target price raised to $32.00, issued a report today by RBC Capital

Semtech (NASDAQ:SMTC) had its stock price target increased to $32.00 by RBC Capital in an issued report announced Thursday December 01, 2016. The upped price target suggests a potential upside of 0.14% from the company's previous stock price.

On 3/03/2016, RBC Capital Markets released a statement about Semtech (NASDAQ:SMTC) upped the target price from $19.00 to $22.00 that suggested an upside of 0.14%.

Having a price of $28.10, Semtech (NASDAQ:SMTC) traded -0.71% lower on the day. With the last stock price up 11.63% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. SMTC has recorded a 50-day average of $25.74 and a two hundred day average of $25.17. Trade Volume was down over the average, with 0 shares of SMTC changing hands under the typical 421,766

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Semtech has price-earnings ratio of 66.75 with a one year low of $15.70 and a one year high of $28.45 and has a total market value of $0.

A total of 6 equity analysts have released a ratings update on SMTC. One equity analyst rating the company a strong buy, three equity analysts rating the company a buy, three brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $28.42.

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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