Semtech Corporation (SMTC) – What Are Researchers Saying About This Stock?

Shares of Semtech Corporation (NASDAQ:SMTC) have been given an average recommendation of “Moderate Buy” by the nineteen brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $213.11.

SMTC has been the subject of several recent research reports. Wall Street Zen upgraded shares of Semtech from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th. Oppenheimer upped their price objective on shares of Semtech from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, October 1st. Morgan Stanley set a $205.00 target price on Semtech in a research report on Friday, October 16th. Robert W. Baird lifted their price target on shares of Semtech from $225.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. Finally, TD Cowen restated a “buy” rating and set a $215.00 price objective on shares of Semtech in a research note on Friday, October 16th.

Semtech Stock Down 4.2%

SMTC opened at $140.85 on Friday. The business’s fifty day moving average is $157.11 and its two-hundred day moving average is $124.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.31 and a current ratio of 1.70. The company has a market cap of $13.15 billion, a price-to-earnings ratio of 93.28 and a beta of 2.41. Semtech has a one year low of $60.28 and a one year high of $201.99.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. The business had revenue of $341.87 million during the quarter, compared to analysts’ expectations of $328.67 million. Semtech had a return on equity of 21.74% and a net margin of 13.11%. The business’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter last year, the business posted $0.41 earnings per share. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Analysts anticipate that Semtech will post 2.80 EPS for the current fiscal year.

Insider Buying and Selling at Semtech

In related news, Director Rodolpho C. Cardenuto sold 5,321 shares of Semtech stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $877,965.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Hong Q. Hou sold 2,000 shares of the business’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $138.71, for a total transaction of $277,420.00. Following the completion of the transaction, the chief executive officer owned 60,799 shares in the company, valued at $8,433,429.29. This represents a 3.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 14,237 shares of company stock valued at $2,337,597. 0.44% of the stock is owned by company insiders.

Institutional Trading of Semtech

A number of hedge funds and other institutional investors have recently modified their holdings of the business. FNY Investment Advisers LLC raised its position in shares of Semtech by 900.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 180 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Semtech during the 2nd quarter valued at approximately $32,000. Banque Cantonale Vaudoise purchased a new position in shares of Semtech during the 1st quarter valued at approximately $33,000. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Semtech during the third quarter worth approximately $53,000. Finally, Allworth Financial LP acquired a new stake in shares of Semtech during the second quarter worth approximately $55,000.

Semtech Company Profile

Semtech Corporation (NASDAQ:SMTC) is a global semiconductor and infrastructure technology company that develops analog and mixed-signal products for communications, industrial, data center, consumer, and automotive applications. Its portfolio is designed to improve connectivity, power efficiency, signal integrity, and protection in electronic systems.

The company’s products include high-speed connectivity solutions for data centers and communications networks, power management and protection devices, signal integrity components, and wireless and radio-frequency technologies.