Semtech (NASDAQ:SMTC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Semtech (NASDAQ:SMTC) from a buy rating to a strong-buy rating in a report issued on Saturday.

Other research analysts have also issued research reports about the company. Oppenheimer restated an “outperform” rating and set a $81.00 price target on shares of Semtech in a research report on Tuesday, November 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $80.00 target price on shares of Semtech in a research note on Tuesday, November 25th. Susquehanna raised their price target on shares of Semtech from $65.00 to $80.00 and gave the stock a “positive” rating in a research note on Tuesday, November 18th. 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 price target on the stock. Finally, Summit Insights upgraded shares of Semtech from a “hold” rating to a “buy” rating in a report on Tuesday, November 25th. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.50.

Semtech Price Performance

SMTC opened at $75.76 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 business’s fifty day simple moving average is $71.34 and its 200-day simple moving average is $60.77. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 244.39 and a beta of 2.01. Semtech has a 12-month low of $24.05 and a 12-month high of $81.32.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings results 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. Semtech had a return on equity of 17.00% and a net margin of 2.77%.The business had revenue of $266.97 million for the quarter, compared to the consensus estimate of $266.36 million. During the same period in the prior year, the firm posted $0.26 earnings per share. The business’s quarterly revenue was up 12.8% on a year-over-year basis. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. On average, equities research analysts anticipate that Semtech will post -0.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Mark Lin sold 971 shares of the stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $72.83, for a total value of $70,717.93. Following the completion of the transaction, the chief financial officer owned 17,844 shares of the company’s stock, valued at approximately $1,299,578.52. This represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Paul V. Walsh, Jr. sold 500 shares of Semtech stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $71.61, for a total transaction of $35,805.00. Following the sale, the director owned 25,779 shares in the company, valued at approximately $1,846,034.19. This represents a 1.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,971 shares of company stock worth $139,643 over the last three months. 0.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Semtech

Several large investors have recently modified their holdings of SMTC. Journey Strategic Wealth LLC raised its position in Semtech by 3.2% during the third quarter. Journey Strategic Wealth LLC now owns 5,074 shares of the semiconductor company’s stock valued at $363,000 after acquiring an additional 159 shares in the last quarter. AlphaQuest LLC lifted 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 worth $41,000 after buying an additional 173 shares during the last quarter. Archer Investment Corp boosted its stake in shares of Semtech by 10.8% during the 2nd quarter. Archer Investment Corp now owns 2,050 shares of the semiconductor company’s stock worth $93,000 after acquiring an additional 200 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Semtech by 0.9% during the 2nd quarter. Amalgamated Bank now owns 24,229 shares of the semiconductor company’s stock valued at $1,094,000 after acquiring an additional 214 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Semtech by 65.5% in the 3rd 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 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.