Needham Keeps a Buy Rating on Semtech (SMTC) and $42.0 Target; Brown Tom (TBI)’s Sentiment Is 1.43

January 18, 2018 - By Peter Erickson

TrueBlue, Inc. provides contingent staffing, recruitment process outsourcing, and contingent staffing management services in the United States, Canada, and Puerto Rico. The company has market cap of $1.03 billion. It operates through three divisions: PeopleReady, PeopleManagement, and PeopleScout. It has a 20.51 P/E ratio. The PeopleReady segment offers a range of staffing solutions for blue-collar, contingent on-demand, and skilled labor in retail, manufacturing, warehousing, logistics, energy, construction, hospitality, and other industries under Labor Ready, CLP Resources, and Spartan Staffing brand names.

Among 12 analysts covering Semtech (NASDAQ:SMTC), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Semtech has $49 highest and $17 lowest target. $38.54’s average target is 1.55% above currents $37.95 stock price. Semtech had 32 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Semtech Corporation (NASDAQ:SMTC) earned “Buy” rating by B. Riley & Co on Monday, November 16. As per Sunday, August 27, the company rating was maintained by Oppenheimer. Oppenheimer maintained the stock with “Buy” rating in Monday, May 29 report. The company was maintained on Wednesday, August 30 by Drexel Hamilton. The rating was maintained by B. Riley & Co on Thursday, August 24 with “Buy”. The firm has “Hold” rating given on Monday, October 2 by RBC Capital Markets. Oppenheimer maintained the stock with “Buy” rating in Thursday, June 29 report. RBC Capital Markets maintained it with “Sector Perform” rating and $19 target in Tuesday, November 17 report. The company was maintained on Wednesday, August 30 by Robert W. Baird. The stock of Semtech Corporation (NASDAQ:SMTC) earned “Buy” rating by B. Riley & Co on Thursday, August 31.

Analysts await TrueBlue, Inc. (NYSE:TBI) to report earnings on February, 14. They expect $0.47 EPS, down 16.07% or $0.09 from last year’s $0.56 per share. TBI’s profit will be $17.26 million for 14.95 P/E if the $0.47 EPS becomes a reality. After $0.60 actual EPS reported by TrueBlue, Inc. for the previous quarter, Wall Street now forecasts -21.67% negative EPS growth.

The stock increased 1.44% or $0.4 during the last trading session, reaching $28.1. About 206,049 shares traded. TrueBlue, Inc. (TBI) has risen 44.92% since January 18, 2017 and is uptrending. It has outperformed by 28.22% the S&P500.

Ratings analysis reveals 0 of TrueBlue’s analysts are positive. Out of 2 Wall Street analysts rating TrueBlue, 0 give it “Buy”, 2 “Sell” rating, while 0 recommend “Hold”. TBI was included in 2 notes of analysts from August 18, 2016. The company was initiated on Thursday, August 18 by Deutsche Bank. The rating was downgraded by Avondale to “Mkt Underperform” on Thursday, October 20.

Matarin Capital Management Llc holds 0.88% of its portfolio in TrueBlue, Inc. for 462,835 shares. Gmt Capital Corp owns 1.72 million shares or 0.82% of their US portfolio. Moreover, Clark Estates Inc Ny has 0.6% invested in the company for 161,500 shares. The New York-based Lucus Advisors Llc has invested 0.49% in the stock. Alpha Windward Llc, a Massachusetts-based fund reported 23,400 shares.

Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.05, from 1.07 in 2017Q2. It fall, as 16 investors sold Semtech Corporation shares while 74 reduced holdings. 30 funds opened positions while 62 raised stakes. 61.66 million shares or 0.19% less from 61.78 million shares in 2017Q2 were reported. First Mercantile stated it has 0.05% in Semtech Corporation (NASDAQ:SMTC). Arizona State Retirement Sys invested 0.02% of its portfolio in Semtech Corporation (NASDAQ:SMTC). Ameriprise Financial Inc invested 0.01% of its portfolio in Semtech Corporation (NASDAQ:SMTC). Proshare Advsr Ltd Limited Liability Company invested in 10,325 shares or 0% of the stock. The Massachusetts-based Rhumbline Advisers has invested 0.01% in Semtech Corporation (NASDAQ:SMTC). Alliancebernstein Limited Partnership reported 157,371 shares. Credit Suisse Ag invested in 0% or 85,409 shares. Parkside Fincl Bank And Trust reported 39 shares. Dimensional Fund Advisors Limited Partnership, Texas-based fund reported 1.48M shares. Sterling Mgmt Limited Liability Co reported 75,770 shares stake. Cortina Asset Limited Liability Corp reported 737,429 shares stake. Jennison Associates Lc invested in 52,055 shares or 0% of the stock. Wesbanco Commercial Bank Incorporated accumulated 0.01% or 6,000 shares. Cornerstone Cap Hldgs Limited Com invested in 0% or 10,735 shares. Deutsche Bank & Trust Ag owns 132,432 shares for 0% of their portfolio.

Since August 1, 2017, it had 0 insider buys, and 32 insider sales for $3.83 million activity. $100,083 worth of stock was sold by MAHESWARAN MOHAN on Friday, October 13. $140,639 worth of Semtech Corporation (NASDAQ:SMTC) was sold by Silberstein Asaf. $172,801 worth of Semtech Corporation (NASDAQ:SMTC) shares were sold by ANTLE GLEN M. Ammann Charles B. had sold 2,250 shares worth $84,875 on Monday, October 2. Shares for $33,917 were sold by Costello Mark C on Wednesday, August 16. $54,075 worth of stock was sold by KIM JAMES JUNGSUP on Friday, January 5. 10,000 Semtech Corporation (NASDAQ:SMTC) shares with value of $357,760 were sold by WILSON JOHN MICHAEL.

The stock decreased 0.78% or $0.3 during the last trading session, reaching $37.95. About 702,280 shares traded or 27.48% up from the average. Semtech Corporation (NASDAQ:SMTC) has risen 72.29% since January 18, 2017 and is uptrending. It has outperformed by 55.59% the S&P500.

Analysts await Semtech Corporation (NASDAQ:SMTC) to report earnings on March, 14. They expect $0.26 earnings per share, up 4.00% or $0.01 from last year’s $0.25 per share. SMTC’s profit will be $17.25 million for 36.49 P/E if the $0.26 EPS becomes a reality. After $0.34 actual earnings per share reported by Semtech Corporation for the previous quarter, Wall Street now forecasts -23.53% negative EPS growth.

Semtech Corporation designs, develops, makes, and markets analog and mixed-signal semiconductor products. The company has market cap of $2.52 billion. The firm provides signal integrity products, including a portfolio of optical communications, broadcast video, and backplane products used in various enterprise computing, industrial, communications, and high-end consumer applications; and a portfolio of integrated circuits for optical transceivers, backplane, and high-speed interface applications. It has a 55.65 P/E ratio. It also offers protection products, such as filter and termination devices that are integrated with the transient voltage suppressor devices, which protect electronic systems from voltage spikes; and wireless and sensing products comprising a portfolio of specialized radio frequency products used in various industrial, medical, and communications applications, as well as specialized sensing products used in industrial and consumer applications.

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