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

Semtech Corporation (NASDAQ:SMTC) has been given a consensus recommendation of “Moderate Buy” by the seventeen research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $76.7143.

A number of equities analysts have issued reports on SMTC shares. TD Cowen assumed coverage on Semtech in a research report on Wednesday, October 1st. They issued a “buy” rating and a $75.00 target price on the stock. Roth Capital lifted their price target on shares of Semtech from $65.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Cowen started coverage on shares of Semtech in a research note on Tuesday, September 30th. They set a “buy” rating on the stock. Needham & Company LLC reissued a “buy” rating and issued a $80.00 target price on shares of Semtech in a research report on Tuesday, November 25th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $81.00 price target on shares of Semtech in a research report on Tuesday, November 25th.

Semtech Stock Performance

Semtech stock opened at $73.46 on Thursday. Semtech has a 12-month low of $24.05 and a 12-month high of $79.52. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.43 and a quick ratio of 1.71. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 236.97 and a beta of 2.01. The firm’s fifty day moving average price is $68.81 and its 200 day moving average price is $55.99.

Semtech (NASDAQ:SMTC) last announced its earnings results on Monday, November 24th. The semiconductor company reported $0.48 earnings per share 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 company had revenue of $266.97 million during the quarter, compared to the consensus estimate of $266.36 million. During the same period last year, the firm earned $0.26 earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. On average, research analysts forecast that Semtech will post -0.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Mark Lin sold 971 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $72.83, for a total value of $70,717.93. Following the completion of the sale, the chief financial officer directly owned 17,844 shares in the company, valued at approximately $1,299,578.52. The trade was a 5.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul V. Walsh, Jr. sold 500 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $66.24, for a total value of $33,120.00. Following the transaction, the director owned 26,779 shares in the company, valued at $1,773,840.96. This trade represents a 1.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,971 shares of company stock valued at $323,463 in the last quarter. Insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Semtech

A number of institutional investors have recently modified their holdings of the business. Bessemer Group Inc. lifted its holdings in shares of Semtech by 78.4% in the second quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 287 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Semtech in the 2nd quarter worth approximately $33,000. Smartleaf Asset Management LLC raised its holdings in shares of Semtech by 33.4% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 257 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Semtech by 243.2% during the third quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 360 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in Semtech during the third quarter worth approximately $41,000.

Semtech Company Profile

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.