Semtech Corporation (NASDAQ:SMTC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Semtech Corporation (NASDAQ:SMTC) has been given a consensus rating of “Moderate Buy” by the eighteen research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $189.0667.

A number of equities research analysts recently weighed in on the company. Citigroup downgraded Semtech from a “buy” rating to a “market perform” rating in a research report on Tuesday, May 26th. Northland Securities cut Semtech from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 26th. Oppenheimer set a $200.00 price objective on shares of Semtech in a research note on Wednesday, May 27th. Mizuho set a $225.00 target price on shares of Semtech in a research report on Wednesday, May 27th. Finally, Susquehanna upped their price objective on Semtech from $170.00 to $200.00 and gave the company a “positive” rating in a research note on Wednesday, May 27th.

Insider Activity at Semtech

In related news, EVP Jason Elliot Green sold 2,264 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $129.90, for a total transaction of $294,093.60. Following the sale, the executive vice president directly owned 8,611 shares in the company, valued at $1,118,568.90. This represents a 20.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark Lin sold 970 shares of Semtech stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $150.41, for a total value of $145,897.70. Following the completion of the transaction, the chief financial officer owned 34,896 shares of the company’s stock, valued at approximately $5,248,707.36. The trade was a 2.70% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 22,234 shares of company stock valued at $3,203,091. Insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On Semtech

Hedge funds have recently added to or reduced their stakes in the stock. Leonteq Securities AG boosted its holdings in shares of Semtech by 11.2% during the first quarter. Leonteq Securities AG now owns 1,171 shares of the semiconductor company’s stock worth $90,000 after acquiring an additional 118 shares during the period. Evergreen Capital Management LLC increased its stake in shares of Semtech by 2.3% during the fourth quarter. Evergreen Capital Management LLC now owns 5,945 shares of the semiconductor company’s stock worth $438,000 after purchasing an additional 136 shares during the period. Stephens Inc. AR lifted its holdings in Semtech by 3.3% during the 4th quarter. Stephens Inc. AR now owns 4,410 shares of the semiconductor company’s stock worth $325,000 after purchasing an additional 142 shares during the last quarter. Captrust Financial Advisors boosted its stake in Semtech by 0.8% in the 4th quarter. Captrust Financial Advisors now owns 19,302 shares of the semiconductor company’s stock valued at $1,422,000 after purchasing an additional 162 shares during the period. Finally, Cetera Investment Advisers grew its holdings in Semtech by 1.5% in the 4th quarter. Cetera Investment Advisers now owns 11,737 shares of the semiconductor company’s stock valued at $865,000 after buying an additional 177 shares in the last quarter.

Semtech Trading Up 9.5%

Semtech stock opened at $137.84 on Friday. Semtech has a 52 week low of $46.02 and a 52 week high of $177.35. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.62 and a current ratio of 2.37. The firm has a market capitalization of $12.84 billion, a PE ratio of -353.44 and a beta of 2.31. The business’s 50-day simple moving average is $149.37 and its 200-day simple moving average is $109.52.

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

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.