Semtech (NASDAQ:SMTC) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of Semtech (NASDAQ:SMTC) from a strong-buy rating to a buy rating in a report issued on Monday morning.

SMTC has been the subject of a number of other reports. Susquehanna lifted their target price on Semtech from $65.00 to $80.00 and gave the company a “positive” rating in a research note on Tuesday, November 18th. Oppenheimer reissued an “outperform” rating and issued a $81.00 price target on shares of Semtech in a report on Tuesday, November 25th. Needham & Company LLC restated a “buy” rating and set a $80.00 price objective on shares of Semtech in a research report on Tuesday, November 25th. Summit Insights upgraded Semtech from a “hold” rating to a “buy” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Semtech in a research note on Monday, December 29th. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $79.21.

Semtech Stock Performance

Shares of SMTC opened at $81.57 on Monday. The stock has a market capitalization of $7.55 billion, a PE ratio of 263.13 and a beta of 2.01. The business’s fifty day moving average price is $75.29 and its 200 day moving average price is $65.78. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.43 and a quick ratio of 1.71. Semtech has a 12-month low of $24.05 and a 12-month high of $83.80.

Semtech (NASDAQ:SMTC) last released its earnings results on Monday, November 24th. The semiconductor company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. Semtech had a net margin of 2.77% and a return on equity of 17.00%. The firm had revenue of $266.97 million during the quarter, compared to analyst estimates of $266.36 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The firm’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. Equities research analysts forecast that Semtech will post -0.02 EPS for the current year.

Insider Activity at Semtech

In related news, COO Asaf Silberstein sold 5,000 shares of Semtech stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $83.00, for a total transaction of $415,000.00. Following the sale, the chief operating officer directly owned 88,496 shares in the company, valued at $7,345,168. The trade was a 5.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Michael Wilson sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $75.12, for a total transaction of $375,600.00. Following the completion of the sale, the insider directly owned 60,066 shares of the company’s stock, valued at $4,512,157.92. The trade was a 7.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,967 shares of company stock worth $1,316,108 in the last ninety days. 0.48% of the stock is currently owned by corporate insiders.

Institutional Trading of Semtech

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. lifted its position in shares of Semtech by 243.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 360 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Semtech during the third quarter worth $41,000. AlphaQuest LLC lifted its holdings in shares of Semtech by 42.5% during the third quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 173 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Semtech by 65.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 235 shares during the period. Finally, Assetmark Inc. increased its stake in Semtech by 1,745.5% in the 3rd quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 576 shares in the last quarter.

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.