Semtech (NASDAQ:SMTC) Price Target Raised to $90.00

Semtech (NASDAQ:SMTC) had its target price boosted by stock analysts at Stifel Nicolaus from $80.00 to $90.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 17.22% from the company’s current price.

SMTC has been the topic of several other reports. Robert W. Baird raised their price objective on Semtech from $70.00 to $88.00 and gave the stock an “outperform” rating in a report on Tuesday, November 25th. Piper Sandler restated an “overweight” rating and set a $95.00 price target (up previously from $70.00) on shares of Semtech in a research note on Thursday, December 11th. Morgan Stanley set a $67.00 price objective on Semtech in a report on Tuesday, November 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Semtech in a research note on Tuesday, November 25th. Finally, TD Cowen initiated coverage on shares of Semtech in a research report on Wednesday, October 1st. They set a “buy” rating and a $75.00 target price on the stock. Fifteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.21.

Semtech Trading Down 0.6%

SMTC traded down $0.48 on Friday, reaching $76.78. 209,143 shares of the company traded hands, compared to its average volume of 1,311,364. Semtech has a one year low of $24.05 and a one year high of $81.39. The firm has a fifty day simple moving average of $73.30 and a two-hundred day simple moving average of $63.52. The company has a market cap of $7.10 billion, a P/E ratio of 250.03 and a beta of 2.01. The company has a quick ratio of 1.71, a current ratio of 2.43 and a debt-to-equity ratio of 0.87.

Semtech (NASDAQ:SMTC) last issued its earnings results on Monday, November 24th. The semiconductor company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Semtech had a net margin of 2.77% and a return on equity of 17.00%. The business had revenue of $266.97 million for the quarter, compared to the consensus estimate of $266.36 million. During the same period in the prior year, the firm earned $0.26 EPS. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. As a group, equities research analysts expect that Semtech will post -0.02 earnings per share for the current year.

Insider Activity

In other Semtech news, Director Saar Gillai sold 3,600 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $75.26, for a total value of $270,936.00. Following the completion of the sale, the director directly owned 9,523 shares in the company, valued at $716,700.98. This trade represents a 27.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory Michael Fischer sold 1,034 shares of Semtech stock in a transaction on Friday, January 9th. The stock was sold at an average price of $75.50, for a total transaction of $78,067.00. Following the completion of the transaction, the director directly owned 2,857 shares in the company, valued at $215,703.50. This represents a 26.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,967 shares of company stock worth $895,103 over the last 90 days. 0.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. boosted its holdings in Semtech by 78.4% in the second quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 287 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Semtech in the 2nd quarter valued at approximately $33,000. Hantz Financial Services Inc. raised its position in shares of Semtech by 243.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 360 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in Semtech in the 3rd quarter worth approximately $41,000. Finally, AlphaQuest LLC grew its position in Semtech by 42.5% during the 3rd quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 173 shares during the last quarter.

Semtech Company Profile

Semtech Corporation is a leading supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms. The company’s products address a broad range of applications in the Internet of Things (IoT), data center and telecom, industrial, home automation, automotive, and aerospace markets. Semtech’s portfolio includes power management, signal integrity, protection devices, wireless and sensing technologies that enable smarter, more connected systems worldwide.

A core offering from Semtech is its LoRa® technology, a low-power, long-range wireless communication platform that has become a de facto standard for global IoT deployments.