Semtech Corporation (NASDAQ:SMTC) Receives $189.07 Consensus PT from Analysts

Semtech Corporation (NASDAQ:SMTC) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $189.0667.

A number of research analysts have issued reports on SMTC shares. Robert W. Baird upped their target price on shares of Semtech from $110.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. UBS Group lifted their price target on shares of Semtech from $165.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Citigroup downgraded shares of Semtech from a “buy” rating to a “market perform” rating in a research note on Tuesday, May 26th. Morgan Stanley increased their price objective on shares of Semtech from $155.00 to $175.00 and gave the company an “equal weight” rating in a report on Wednesday, May 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 target price on shares of Semtech in a report on Monday, July 13th.

Insider Buying and Selling

In other news, CEO Hong Q. Hou sold 2,000 shares of the firm’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $133.00, for a total value of $266,000.00. Following the transaction, the chief executive officer directly owned 64,799 shares in the company, valued at $8,618,267. This trade represents a 2.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Elliot Green sold 2,264 shares of Semtech stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $129.90, for a total value of $294,093.60. Following the sale, the executive vice president directly owned 8,611 shares of the company’s stock, valued at approximately $1,118,568.90. This trade represents a 20.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 22,234 shares of company stock worth $3,203,091 over the last 90 days. 0.44% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SMTC. FNY Investment Advisers LLC increased its stake in Semtech by 900.0% in the second quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 180 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Semtech during the second quarter worth $32,000. Banque Cantonale Vaudoise bought a new position in shares of Semtech during the first quarter worth $33,000. IFP Advisors Inc acquired a new position in shares of Semtech in the 4th quarter valued at $53,000. Finally, Allworth Financial LP acquired a new position in shares of Semtech in the 2nd quarter valued at $55,000.

Semtech Stock Performance

SMTC stock opened at $133.58 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.37 and a quick ratio of 1.62. The company has a 50 day moving average price of $140.83 and a 200 day moving average price of $115.46. Semtech has a fifty-two week low of $46.02 and a fifty-two week high of $177.35. The stock has a market capitalization of $12.44 billion, a PE ratio of -342.51 and a beta of 2.35.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings data on Tuesday, May 26th. The semiconductor company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The firm had revenue of $291.02 million for the quarter, compared to analyst estimates of $283.53 million. Semtech had a positive return on equity of 18.31% and a negative net margin of 3.05%.The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company earned $0.38 EPS. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Analysts forecast that Semtech will post 1.81 EPS for the current year.

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.