Semtech (NASDAQ:SMTC) Downgraded to “Buy” Rating by Wall Street Zen

Semtech (NASDAQ:SMTC) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Monday.

A number of other research analysts have also recently issued reports on the stock. Benchmark lifted their target price on shares of Semtech from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Roth Mkm increased their price objective on shares of Semtech from $65.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Needham & Company LLC restated a “buy” rating and issued a $80.00 price objective on shares of Semtech in a research report on Tuesday, November 25th. Summit Insights raised Semtech from a “hold” rating to a “buy” rating in a research note on Tuesday, November 25th. Finally, Oppenheimer restated an “outperform” rating and set a $81.00 target price on shares of Semtech in a research report on Tuesday, November 25th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Semtech presently has an average rating of “Moderate Buy” and a consensus price target of $79.21.

Semtech Stock Up 0.5%

NASDAQ SMTC opened at $80.52 on Monday. Semtech has a twelve month low of $24.05 and a twelve month high of $83.80. The stock has a market cap of $7.45 billion, a PE ratio of 259.74 and a beta of 2.01. The firm has a 50-day simple moving average of $74.28 and a 200 day simple moving average of $65.22. 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 (NASDAQ:SMTC) last issued its earnings results on Monday, November 24th. The semiconductor company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $266.97 million during the quarter, compared to analyst estimates of $266.36 million. Semtech had a return on equity of 17.00% and a net margin of 2.77%.Semtech’s revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. 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 year.

Insider Buying and Selling at Semtech

In related 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 transaction of $270,936.00. Following the sale, the director directly owned 9,523 shares in the company, valued at $716,700.98. This trade represents a 27.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul V. Walsh, Jr. sold 500 shares of the stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $78.25, for a total value of $39,125.00. Following the transaction, the director owned 25,279 shares of the company’s stock, valued at approximately $1,978,081.75. This trade represents a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,967 shares of company stock valued at $901,108 over the last quarter. 0.48% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Semtech

Several institutional investors have recently bought and sold shares of SMTC. Bessemer Group Inc. increased its stake in Semtech by 78.4% in the 2nd 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 last quarter. Ameritas Advisory Services LLC acquired a new stake in Semtech in the 2nd quarter valued at about $33,000. Hantz Financial Services Inc. grew its holdings in Semtech by 243.2% during the third quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 360 shares during the period. Salomon & Ludwin LLC bought a new position in Semtech during the third quarter worth about $41,000. Finally, AlphaQuest LLC increased its position in Semtech by 42.5% during the third quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock worth $41,000 after buying an additional 173 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.