Semtech Corporation (NASDAQ:SMTC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Semtech Corporation (NASDAQ:SMTC) have been given a consensus recommendation of “Moderate Buy” by the seventeen ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $78.50.

Several research firms recently commented on SMTC. B. Riley raised their target price on Semtech from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Stifel Nicolaus set a $80.00 price target on Semtech in a research note on Wednesday, October 1st. UBS Group reissued a “buy” rating on shares of Semtech in a report on Tuesday, November 25th. Piper Sandler reaffirmed an “overweight” rating and issued a $95.00 price objective (up previously from $70.00) on shares of Semtech in a report on Thursday, December 11th. Finally, Oppenheimer reissued an “outperform” rating and set a $81.00 target price on shares of Semtech in a research note on Tuesday, November 25th.

Semtech Stock Up 2.1%

Shares of NASDAQ:SMTC opened at $75.26 on Monday. The company’s fifty day moving average is $71.91 and its two-hundred day moving average is $61.73. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.71 and a current ratio of 2.43. Semtech has a 1-year low of $24.05 and a 1-year high of $81.32. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 242.77 and a beta of 2.01.

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

Insider Activity

In related news, Director Paul V. Walsh, Jr. sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $71.61, for a total transaction of $35,805.00. Following the transaction, the director owned 25,779 shares in the company, valued at $1,846,034.19. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is owned by company insiders.

Hedge Funds Weigh In On Semtech

Several hedge funds have recently modified their holdings of SMTC. Nordea Investment Management AB purchased a new position in Semtech during the 2nd quarter worth approximately $4,230,000. EFG Asset Management North America Corp. boosted its position in shares of Semtech by 15.6% in the second quarter. EFG Asset Management North America Corp. now owns 94,872 shares of the semiconductor company’s stock worth $4,282,000 after buying an additional 12,796 shares during the period. Paradigm Capital Management Inc. NY acquired a new position in Semtech during the first quarter valued at $6,591,000. LMR Partners LLP boosted its position in Semtech by 70.0% during the 2nd quarter. LMR Partners LLP now owns 425,000 shares of the semiconductor company’s stock worth $19,184,000 after acquiring an additional 175,000 shares during the period. Finally, Andar Capital Management HK Ltd acquired a new stake in Semtech during the 2nd quarter worth about $7,222,000.

About Semtech

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.