Semtech (NASDAQ:SMTC) Upgraded to Strong-Buy at Wall Street Zen

Semtech (NASDAQ:SMTC) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Sunday.

Other analysts also recently issued reports about the company. Susquehanna raised their price objective on Semtech from $65.00 to $80.00 and gave the stock a “positive” rating in a research report on Tuesday, November 18th. Oppenheimer reiterated an “outperform” rating and issued a $81.00 price objective on shares of Semtech in a report on Tuesday, November 25th. Summit Insights upgraded Semtech from a “hold” rating to a “buy” rating in a report on Tuesday, November 25th. Morgan Stanley set a $67.00 price target on shares of Semtech in a research note on Tuesday, November 25th. Finally, TD Cowen initiated coverage on shares of Semtech in a research note on Wednesday, October 1st. They issued a “buy” rating and a $75.00 price objective for the company. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Semtech has an average rating of “Moderate Buy” and a consensus target price of $79.21.

Semtech Stock Performance

Shares of SMTC stock opened at $77.56 on Friday. The company has a current ratio of 2.43, a quick ratio of 1.71 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $7.18 billion, a P/E ratio of 250.19 and a beta of 2.01. The business’s 50 day moving average is $73.41 and its two-hundred day moving average is $63.88. Semtech has a 12-month low of $24.05 and a 12-month high of $81.39.

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

Insider Activity at Semtech

In related news, Director Saar Gillai sold 3,600 shares of Semtech stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $75.26, for a total value of $270,936.00. Following the sale, the director directly owned 9,523 shares in the company, valued at $716,700.98. The trade was a 27.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Michael Wilson sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $75.12, for a total value of $375,600.00. Following the completion of the transaction, the insider owned 60,066 shares of the company’s stock, valued at approximately $4,512,157.92. This represents a 7.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 11,967 shares of company stock worth $895,103 in the last 90 days. Corporate insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Semtech

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its stake in Semtech by 12,214.3% during the first quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock valued at $89,000 after purchasing an additional 2,565 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Semtech by 11.5% in the first quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company’s stock valued at $323,000 after buying an additional 968 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Semtech by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 411,814 shares of the semiconductor company’s stock valued at $14,166,000 after acquiring an additional 22,629 shares during the last quarter. Strs Ohio bought a new stake in shares of Semtech during the 1st quarter worth $65,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Semtech by 4.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 494,194 shares of the semiconductor company’s stock worth $22,308,000 after acquiring an additional 22,228 shares during 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.