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

Semtech Corporation (NASDAQ:SMTC) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $79.2143.

SMTC has been the topic of several research reports. B. Riley Financial lifted their price target on shares of Semtech from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. UBS Group reiterated a “buy” rating on shares of Semtech in a research report on Tuesday, November 25th. Roth Mkm upped their price target on shares of Semtech from $65.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Semtech in a research note on Monday, December 29th. Finally, Morgan Stanley set a $67.00 target price on Semtech in a research note on Tuesday, November 25th.

Semtech Stock Up 0.7%

Shares of NASDAQ:SMTC opened at $87.11 on Tuesday. The firm has a market capitalization of $8.06 billion, a PE ratio of 281.00 and a beta of 2.01. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.71 and a current ratio of 2.43. Semtech has a 52-week low of $24.05 and a 52-week high of $92.50. The firm has a fifty day moving average of $78.70 and a 200 day moving average of $69.01.

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

Insider Transactions at Semtech

In other Semtech news, Director Saar Gillai sold 3,600 shares of the firm’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $75.26, for a total value of $270,936.00. Following the sale, the director owned 9,523 shares of the company’s stock, valued at $716,700.98. This trade represents a 27.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul V. Walsh, Jr. sold 500 shares of the business’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $78.25, for a total transaction of $39,125.00. Following the completion of the transaction, the director owned 25,279 shares in the company, valued at $1,978,081.75. The trade was a 1.94% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 26,967 shares of company stock valued at $2,236,108. Insiders own 0.48% of the company’s stock.

Institutional Trading of Semtech

Large investors have recently modified their holdings of the business. Bessemer Group Inc. lifted its holdings in Semtech by 78.4% in the 2nd quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock worth $29,000 after buying an additional 287 shares during the period. Hantz Financial Services Inc. increased 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 buying an additional 360 shares during the period. Salomon & Ludwin LLC bought a new position in shares of Semtech during the third quarter valued at approximately $41,000. AlphaQuest LLC lifted its stake in Semtech by 42.5% in the third quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 173 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in Semtech by 65.5% in the third quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 235 shares during the period.

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.