Semtech (NASDAQ:SMTC) Stock Rating Upgraded by Wall Street Zen

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

Several other brokerages have also issued reports on SMTC. TD Cowen initiated coverage on shares of Semtech in a research report on Wednesday, October 1st. They set a “buy” rating and a $75.00 target price for the company. Northland Securities raised their price objective on shares of Semtech from $48.00 to $53.00 and gave the company an “outperform” rating in a research report on Tuesday, August 26th. Weiss Ratings raised shares of Semtech from a “sell (d)” rating to a “hold (c-)” rating in a report on Wednesday. Craig Hallum upped their target price on shares of Semtech from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Finally, Susquehanna raised their price target on Semtech from $65.00 to $80.00 and gave the company a “positive” rating in a research report on Tuesday, November 18th. Fifteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $76.71.

Semtech Price Performance

NASDAQ:SMTC opened at $74.18 on Friday. Semtech has a 52-week low of $24.05 and a 52-week high of $79.52. The stock has a fifty day moving average of $68.09 and a 200 day moving average of $55.30. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.78 and a current ratio of 2.53. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of 309.06 and a beta of 2.03.

Semtech (NASDAQ:SMTC) last announced its earnings results on Monday, November 24th. The semiconductor company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $266.97 million for the quarter, compared to analyst estimates of $266.36 million. Semtech had a return on equity of 18.28% and a net margin of 2.38%.The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 EPS. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. On average, research analysts expect that Semtech will post -0.02 EPS for the current fiscal year.

Insider Buying and Selling at Semtech

In related news, CFO Mark Lin sold 971 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $72.83, for a total transaction of $70,717.93. Following the transaction, the chief financial officer directly owned 17,844 shares in the company, valued at $1,299,578.52. This trade represents a 5.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Martin Burvill sold 3,500 shares of Semtech stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $62.75, for a total value of $219,625.00. Following the completion of the transaction, the director directly owned 6,909 shares in the company, valued at $433,539.75. This trade represents a 33.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,971 shares of company stock worth $323,463 over the last three months. Company insiders own 0.48% of the company’s stock.

Institutional Trading of Semtech

Institutional investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. increased its stake in shares of Semtech by 243.2% in the third quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock worth $36,000 after buying an additional 360 shares during the period. Salomon & Ludwin LLC bought a new stake in Semtech in the 3rd quarter worth $41,000. AlphaQuest LLC increased its position in shares of Semtech by 42.5% in the third quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 173 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Semtech by 65.5% during the third quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 235 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of Semtech by 1,745.5% during the third quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 576 shares during the period.

About Semtech

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.