Semtech Corporation (NASDAQ:SMTC) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Semtech Corporation (NASDAQ:SMTC) have received an average recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $78.50.

A number of research firms have recently commented on SMTC. Morgan Stanley set a $67.00 price objective on Semtech in a report on Tuesday, November 25th. Robert W. Baird lifted their price objective on Semtech from $70.00 to $88.00 and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Piper Sandler reissued an “overweight” rating and set a $95.00 target price (up previously from $70.00) on shares of Semtech in a research report on Thursday, December 11th. Roth Capital raised their price target on shares of Semtech from $65.00 to $77.00 and gave the company a “buy” rating in a 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 Trading Up 0.7%

NASDAQ SMTC opened at $76.07 on Monday. The company has a market cap of $7.04 billion, a P/E ratio of 245.39 and a beta of 2.01. Semtech has a 12 month low of $24.05 and a 12 month high of $81.32. 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 50-day moving average of $71.19 and a 200-day moving average of $60.53.

Semtech (NASDAQ:SMTC) last released its earnings results on Monday, November 24th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $266.97 million during the quarter, compared to the consensus estimate of $266.36 million. Semtech had a net margin of 2.77% and a return on equity of 17.00%. Semtech’s revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 earnings per share. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. As a group, equities analysts predict that Semtech will post -0.02 earnings per share for the current year.

Insider Transactions at Semtech

In other news, CFO Mark Lin sold 971 shares of the company’s stock in a transaction dated 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 owned 17,844 shares of the company’s stock, valued at $1,299,578.52. This represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul V. Walsh, Jr. sold 500 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $71.61, for a total value of $35,805.00. Following the completion of the sale, the director owned 25,779 shares of the company’s stock, valued at approximately $1,846,034.19. This trade represents a 1.90% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,971 shares of company stock worth $139,643. 0.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SMTC. Bessemer Group Inc. grew its holdings in Semtech by 78.4% during the 2nd quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 287 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Semtech in the 2nd quarter valued at about $33,000. Smartleaf Asset Management LLC boosted its position in Semtech by 33.4% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 257 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of 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 acquiring an additional 360 shares in the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Semtech during the third quarter worth about $41,000.

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.