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

Shares of Semtech Corporation (NASDAQ:SMTC) have earned an average rating of “Moderate Buy” from the eighteen research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, thirteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $189.0667.

SMTC has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Semtech in a research report on Thursday, June 18th. Benchmark increased their price objective on shares of Semtech from $120.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Citigroup lowered shares of Semtech from a “buy” rating to a “market perform” rating in a research note on Tuesday, May 26th. B. Riley Financial lifted their target price on shares of Semtech from $165.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Finally, Robert W. Baird upped their target price on shares of Semtech from $110.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th.

Semtech Stock Performance

Shares of SMTC opened at $140.35 on Tuesday. 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 stock has a market cap of $13.07 billion, a P/E ratio of -359.87 and a beta of 2.35. The business’s 50 day moving average price is $140.61 and its 200-day moving average price is $115.63. Semtech has a 52 week low of $46.02 and a 52 week high of $177.35.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $291.02 million during the quarter, compared to analyst estimates of $283.53 million. During the same quarter last year, the company earned $0.38 EPS. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Equities research analysts anticipate that Semtech will post 1.81 earnings per share for the current fiscal year.

Insider Activity at Semtech

In related news, CFO Mark Lin sold 970 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $150.41, for a total value of $145,897.70. Following the transaction, the chief financial officer directly owned 34,896 shares of the company’s stock, valued at approximately $5,248,707.36. This represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul V. Walsh, Jr. sold 500 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $164.99, for a total value of $82,495.00. Following the sale, the director owned 28,100 shares in the company, valued at approximately $4,636,219. This represents a 1.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 22,234 shares of company stock valued at $3,203,091 over the last ninety days. Corporate insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Semtech

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. ABS Investment Management LLC purchased a new position in shares of Semtech during the second quarter valued at approximately $178,035,000. FNY Investment Advisers LLC boosted its holdings in Semtech by 900.0% in the second quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 180 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Semtech in the second quarter worth approximately $32,000. Allworth Financial LP bought a new stake in Semtech in the 2nd quarter worth approximately $55,000. Finally, Allied Private Wealth LLC bought a new stake in Semtech in the 2nd quarter worth approximately $65,000.

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.