Brokerages Set Semtech Corporation (NASDAQ:SMTC) Target Price at $189.07

Semtech Corporation (NASDAQ:SMTC) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, thirteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $189.0667.

SMTC has been the subject of a number of research analyst reports. UBS Group increased their price target on Semtech from $165.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Northland Securities downgraded Semtech from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 26th. Zacks Research raised Semtech from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Oppenheimer set a $200.00 target price on Semtech in a research note on Wednesday, May 27th. Finally, Benchmark boosted their price target on shares of Semtech from $120.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th.

Semtech Price Performance

Shares of NASDAQ:SMTC opened at $124.96 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.62 and a debt-to-equity ratio of 0.86. The stock has a market cap of $11.64 billion, a PE ratio of -320.41 and a beta of 2.31. The stock’s fifty day simple moving average is $149.47 and its two-hundred day simple moving average is $108.71. Semtech has a 1-year low of $46.02 and a 1-year high of $177.35.

Semtech (NASDAQ:SMTC) last posted its earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.06. Semtech had a negative net margin of 3.05% and a positive return on equity of 18.31%. The firm had revenue of $291.02 million during the quarter, compared to analyst estimates of $283.53 million. During the same quarter in the prior year, the business posted $0.38 EPS. The business’s revenue was up 15.9% compared to the same quarter last year. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. As a group, analysts forecast that Semtech will post 1.81 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Asaf Silberstein sold 8,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $127.80, for a total value of $1,086,300.00. Following the transaction, the chief operating officer owned 96,862 shares in the company, valued at approximately $12,378,963.60. This represents a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark Lin sold 970 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $150.41, for a total value of $145,897.70. Following the completion of the sale, the chief financial officer owned 34,896 shares in the company, valued at approximately $5,248,707.36. The trade was a 2.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 22,734 shares of company stock valued at $3,256,056. Company insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Semtech

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Leonteq Securities AG boosted its holdings in Semtech by 11.2% during the first quarter. Leonteq Securities AG now owns 1,171 shares of the semiconductor company’s stock worth $90,000 after buying an additional 118 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in Semtech by 2.3% in the fourth quarter. Evergreen Capital Management LLC now owns 5,945 shares of the semiconductor company’s stock valued at $438,000 after buying an additional 136 shares in the last quarter. Stephens Inc. AR lifted its position in shares of Semtech by 3.3% during the 4th quarter. Stephens Inc. AR now owns 4,410 shares of the semiconductor company’s stock valued at $325,000 after acquiring an additional 142 shares during the period. Captrust Financial Advisors lifted its position in shares of Semtech by 0.8% during the 4th quarter. Captrust Financial Advisors now owns 19,302 shares of the semiconductor company’s stock valued at $1,422,000 after acquiring an additional 162 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of Semtech by 1.5% during the 4th quarter. Cetera Investment Advisers now owns 11,737 shares of the semiconductor company’s stock worth $865,000 after acquiring an additional 177 shares in the last quarter.

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.