Semtech Co. ( NASDAQ:SMTC – Get Rating )'s stock price dropped 2.9% on Friday . The stock traded as low as $22.75 and last traded at $22.83. Approximately 474,072 shares changed hands during trading, a decline of 67% from the average daily volume of 1,443,277 shares. The stock had previously closed at $23.52. Analyst Ratings Changes SMTC has been the topic of a number of recent analyst reports. TheStreet lowered Semtech from a 'c' rating to a 'd+' rating in a report on Wednesday. Benchmark reaffirmed a 'buy' rating and issued a $45.

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