Market Overview

UPDATE: Sterne Agee Initiates Semtech at Buy on Consistent Revenue Growth

Share:
Related SMTC
Oppenheimer Stays Sidelined On Semtech, But Sees Company Making The Right Moves
Earnings Scheduled For August 31, 2016

In a report published on Monday, Sterne Agee analyst Andrew Huang initiated coverage on Semtech (NASDAQ: SMTC) with a Buy rating and a price target of $46.00.

In the report, Sterne Agee noted, "With well diversified end market and product exposure, Semtech is able to deliver consistent revenue growth, and even better EPS growth as margins improve through the integration of acquisitions and execution of revenue and cost synergies. Since 2007, Mohan Maheswaran's first full year as CEO, Semtech shares have outperformed the S&P 500 every year on an annual basis and outperformed the SOX every year except for 2009 (SMTC up only 51% versus the SOX up 70%). We believe investors should Buy the stock in anticipation of record revenue and EPS over the next two years."

Semtech closed on Friday at $35.78.

Latest Ratings for SMTC

DateFirmActionFromTo
Mar 2016Drexel HamiltonInitiates Coverage onBuy
Nov 2015RBC CapitalMaintainsSector Perform
Nov 2015B. RileyUpgradesNeutralBuy

View More Analyst Ratings for SMTC
View the Latest Analyst Ratings

Posted-In: Andrew Huang Sterne AgeeAnalyst Color Initiation Analyst Ratings

 

Related Articles (SMTC)

View Comments and Join the Discussion!