Semtech Corporation (NASDAQ:SMTC) Receives $79.21 Consensus PT from Brokerages

Semtech Corporation (NASDAQ:SMTC) has been given an average rating of “Moderate Buy” by the sixteen ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $79.2143.

A number of equities analysts have recently weighed in on SMTC shares. Stifel Nicolaus boosted their price target on Semtech from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Oppenheimer reiterated an “outperform” rating and set a $81.00 price objective on shares of Semtech in a research report on Tuesday, November 25th. Needham & Company LLC reissued a “buy” rating and issued a $80.00 target price on shares of Semtech in a research note on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Semtech in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Semtech from a “strong-buy” rating to a “buy” rating in a report on Monday, January 26th.

Insider Buying and Selling at Semtech

In other news, COO Asaf Silberstein sold 10,000 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $92.00, for a total transaction of $920,000.00. Following the completion of the sale, the chief operating officer directly owned 68,496 shares of the company’s stock, valued at $6,301,632. The trade was a 12.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John Michael Wilson sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $75.12, for a total value of $375,600.00. Following the sale, the insider directly owned 60,066 shares of the company’s stock, valued at approximately $4,512,157.92. This trade represents a 7.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 26,967 shares of company stock worth $2,236,108. 0.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. New York State Common Retirement Fund raised its stake in shares of Semtech by 55.7% during the 3rd quarter. New York State Common Retirement Fund now owns 277,661 shares of the semiconductor company’s stock worth $19,839,000 after purchasing an additional 99,335 shares in the last quarter. Nordea Investment Management AB bought a new position in shares of Semtech in the second quarter worth about $4,230,000. EFG Asset Management North America Corp. boosted its position in shares of Semtech by 15.6% in the second quarter. EFG Asset Management North America Corp. now owns 94,872 shares of the semiconductor company’s stock valued at $4,282,000 after acquiring an additional 12,796 shares during the period. Lisanti Capital Growth LLC acquired a new position in shares of Semtech during the third quarter valued at about $4,318,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Semtech during the 3rd quarter worth approximately $9,160,000.

Semtech Price Performance

Shares of NASDAQ:SMTC opened at $84.96 on Tuesday. Semtech has a 52 week low of $24.05 and a 52 week high of $92.50. The company has a 50-day moving average price of $79.10 and a 200 day moving average price of $69.51. The company has a market cap of $7.86 billion, a P/E ratio of 274.06 and a beta of 2.01. The company has a quick ratio of 1.71, a current ratio of 2.43 and a debt-to-equity ratio of 0.87.

Semtech (NASDAQ:SMTC) last issued its 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. The business had revenue of $266.97 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 EPS. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. Research analysts predict that Semtech will post -0.02 earnings per share for the current year.

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.