Semtech (NASDAQ:SMTC) Reaches New 1-Year High – Still a Buy?

Semtech Corporation (NASDAQ:SMTC)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $92.50 and last traded at $87.3430, with a volume of 164160 shares. The stock had previously closed at $88.59.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SMTC shares. Susquehanna raised their price target on Semtech from $65.00 to $80.00 and gave the company a “positive” rating in a research report on Tuesday, November 18th. UBS Group restated a “buy” rating on shares of Semtech in a report on Tuesday, November 25th. Morgan Stanley set a $67.00 price target on shares of Semtech in a report on Tuesday, November 25th. Wall Street Zen cut shares of Semtech from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 26th. Finally, Oppenheimer reiterated an “outperform” rating and set a $81.00 target price on shares of Semtech in a report on Tuesday, November 25th. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $79.21.

Semtech Price Performance

The stock has a market cap of $8.17 billion, a price-to-earnings ratio of 282.53 and a beta of 2.01. The company has a 50 day simple moving average of $77.92 and a 200-day simple moving average of $68.05. 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 posted its quarterly earnings data on Monday, November 24th. The semiconductor company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $266.97 million for the quarter, compared to analyst estimates of $266.36 million. Semtech had a net margin of 2.77% and a return on equity of 17.00%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the business earned $0.26 earnings per share. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. As a group, research analysts anticipate that Semtech Corporation will post -0.02 EPS for the current fiscal year.

Insider Activity

In other Semtech news, COO Asaf Silberstein sold 5,000 shares of Semtech stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $83.00, for a total transaction of $415,000.00. Following the transaction, the chief operating officer owned 88,496 shares of the company’s stock, valued at $7,345,168. The trade was a 5.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Saar Gillai sold 3,600 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $75.26, for a total value of $270,936.00. Following the completion of the transaction, the director owned 9,523 shares in the company, valued at $716,700.98. This represents a 27.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 16,967 shares of company stock worth $1,316,108. Corporate insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its holdings in shares of Semtech by 12,214.3% during the first quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock valued at $89,000 after acquiring an additional 2,565 shares during the period. Empowered Funds LLC grew its stake in Semtech by 11.5% during the first quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company’s stock worth $323,000 after buying an additional 968 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Semtech by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 411,814 shares of the semiconductor company’s stock worth $14,166,000 after buying an additional 22,629 shares in the last quarter. Strs Ohio acquired a new position in shares of Semtech in the 1st quarter worth approximately $65,000. Finally, Janney Montgomery Scott LLC bought a new stake in Semtech during the 2nd quarter worth approximately $854,000.

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.