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

Shares of Semtech Corporation (NASDAQ:SMTC) have earned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $79.2143.

Several research firms have recently commented on SMTC. Susquehanna boosted their target price on shares of Semtech from $65.00 to $80.00 and gave the stock a “positive” rating in a report on Tuesday, November 18th. Wall Street Zen cut shares of Semtech from a “strong-buy” rating to a “buy” rating in a research note on Monday. Weiss Ratings reissued a “hold (c-)” rating on shares of Semtech in a report on Monday, December 29th. Benchmark boosted their target price on Semtech from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Finally, B. Riley increased their price target on Semtech from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th.

Semtech Trading Up 0.5%

Shares of SMTC stock opened at $81.98 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.71 and a current ratio of 2.43. The stock has a fifty day simple moving average of $75.67 and a two-hundred day simple moving average of $65.89. The firm has a market capitalization of $7.59 billion, a PE ratio of 264.45 and a beta of 2.01. Semtech has a 52-week low of $24.05 and a 52-week high of $83.80.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings data 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 business had revenue of $266.97 million for the quarter, compared to the consensus estimate of $266.36 million. The business’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 earnings per share. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. On average, analysts predict that Semtech will post -0.02 EPS for the current fiscal year.

Insider Buying and Selling

In other Semtech news, CFO Mark Lin sold 1,333 shares of Semtech stock in a transaction on Monday, January 5th. The shares were sold at an average price of $76.20, for a total transaction of $101,574.60. Following the completion of the transaction, the chief financial officer directly owned 18,477 shares of the company’s stock, valued at $1,407,947.40. The trade was a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Asaf Silberstein sold 5,000 shares of the stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $83.00, for a total transaction of $415,000.00. Following the completion of the sale, the chief operating officer directly owned 88,496 shares in the company, valued at approximately $7,345,168. This represents a 5.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,967 shares of company stock valued at $1,316,108 in the last quarter. 0.48% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Semtech

Several hedge funds have recently added to or reduced their stakes in SMTC. Westfield Capital Management Co. LP boosted its position in shares of Semtech by 107.8% during the second quarter. Westfield Capital Management Co. LP now owns 2,747,260 shares of the semiconductor company’s stock valued at $124,011,000 after buying an additional 1,424,909 shares during the period. Think Investments LP bought a new stake in shares of Semtech during the 3rd quarter worth approximately $58,618,000. Ameriprise Financial Inc. boosted its holdings in Semtech by 10.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock valued at $321,040,000 after acquiring an additional 666,456 shares during the period. Atreides Management LP purchased a new position in Semtech during the 2nd quarter valued at $29,880,000. Finally, Hood River Capital Management LLC grew its position in Semtech by 36.0% in the 2nd quarter. Hood River Capital Management LLC now owns 2,244,631 shares of the semiconductor company’s stock valued at $101,323,000 after acquiring an additional 594,529 shares during 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.