Semtech Corporation (NASDAQ:SMTC) Receives $179.73 Consensus PT from Analysts

Shares of Semtech Corporation (NASDAQ:SMTC) have earned a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $189.0667.

Several research analysts recently weighed in on the company. Citigroup cut Semtech from a “buy” rating to a “market perform” rating in a research report on Tuesday, May 26th. Benchmark lifted their price target on Semtech from $120.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. B. Riley Financial lifted their price target on Semtech from $165.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Robert W. Baird lifted their price target on Semtech from $110.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Finally, Roth Mkm lifted their price target on Semtech from $102.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th.

Semtech Stock Performance

Shares of NASDAQ:SMTC opened at $149.75 on Monday. Semtech has a 52-week low of $42.38 and a 52-week high of $177.35. The stock has a market cap of $13.95 billion, a price-to-earnings ratio of -383.97 and a beta of 2.32. The company has a quick ratio of 1.62, a current ratio of 2.37 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average price of $140.43 and a 200-day moving average price of $102.07.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings data on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $283.53 million. During the same period last year, the business posted $0.38 earnings per share. The company’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 analysts predict that Semtech will post 1.81 EPS for the current year.

Insider Activity at Semtech

In related news, CFO Mark Lin sold 974 shares of Semtech stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $78.42, for a total transaction of $76,381.08. Following the completion of the transaction, the chief financial officer directly owned 33,343 shares in the company, valued at approximately $2,614,758.06. This trade represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Martin Burvill sold 2,500 shares of Semtech stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $88.98, for a total value of $222,450.00. Following the transaction, the director owned 4,409 shares of the company’s stock, valued at approximately $392,312.82. This represents a 36.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 21,974 shares of company stock valued at $2,555,791 in the last 90 days. 0.48% of the stock is currently owned by corporate insiders.

Institutional Trading of Semtech

Institutional investors and hedge funds have recently made changes to their positions in the business. Royce & Associates LP increased its position in shares of Semtech by 144.5% in the fourth quarter. Royce & Associates LP now owns 107,617 shares of the semiconductor company’s stock valued at $7,930,000 after buying an additional 63,603 shares in the last quarter. Argos Wealth Advisors LLC purchased a new stake in shares of Semtech in the fourth quarter valued at approximately $640,000. GW&K Investment Management LLC purchased a new stake in shares of Semtech in the third quarter valued at approximately $27,125,000. Atreides Management LP increased its position in shares of Semtech by 2.4% in the third quarter. Atreides Management LP now owns 678,133 shares of the semiconductor company’s stock valued at $48,453,000 after buying an additional 16,192 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Semtech by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 2,099,033 shares of the semiconductor company’s stock valued at $154,704,000 after buying an additional 6,715 shares in the last quarter.

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.