Semtech Corporation (NASDAQ:SMTC) Stock Rated “Moderate Buy” by Wall Street Brokerages

Semtech Corporation (NASDAQ:SMTC) has received a consensus rating of “Moderate Buy” from the nineteen analysts that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $206.18.

A number of equities analysts have recently commented on the company. Seaport Research Partners assumed coverage on Semtech in a research report on Tuesday, September 22nd. They set a “buy” rating and a $200.00 price objective for the company. Wall Street Zen raised shares of Semtech from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th. Zacks Research raised shares of Semtech from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 21st. Benchmark reissued a “buy” rating on shares of Semtech in a research report on Thursday, August 20th. Finally, New Street Research set a $230.00 price objective on shares of Semtech in a report on Thursday, August 20th.

Insider Transactions at Semtech

In other Semtech news, CEO Hong Hou sold 2,000 shares of the firm’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $133.00, for a total value of $266,000.00. Following the sale, the chief executive officer directly owned 64,799 shares in the company, valued at $8,618,267. This trade represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Elliot Green sold 2,264 shares of Semtech stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $129.90, for a total value of $294,093.60. Following the sale, the executive vice president directly owned 8,611 shares of the company’s stock, valued at $1,118,568.90. This trade represents a 20.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 22,768 shares of company stock valued at $3,214,795 over the last ninety days. Company insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On Semtech

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in shares of Semtech by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 2,099,033 shares of the semiconductor company’s stock worth $154,704,000 after buying an additional 6,715 shares during the last quarter. Swiss National Bank grew its position in shares of Semtech by 6.9% in the 1st quarter. Swiss National Bank now owns 183,000 shares of the semiconductor company’s stock valued at $14,071,000 after buying an additional 11,800 shares during the last quarter. Osterweis Capital Management Inc. purchased a new position in shares of Semtech in the 2nd quarter valued at $9,783,000. Canada Pension Plan Investment Board acquired a new stake in Semtech during the 2nd quarter worth $39,313,000. Finally, Sei Investments Co. raised its stake in Semtech by 65.9% during the 1st quarter. Sei Investments Co. now owns 357,875 shares of the semiconductor company’s stock worth $27,517,000 after acquiring an additional 142,197 shares in the last quarter.

Semtech Stock Performance

Shares of SMTC stock opened at $194.88 on Wednesday. The firm has a 50 day moving average of $146.40 and a two-hundred day moving average of $132.76. The stock has a market capitalization of $18.19 billion, a PE ratio of 129.06 and a beta of 2.41. The company has a quick ratio of 1.31, a current ratio of 1.70 and a debt-to-equity ratio of 0.47. Semtech has a 52 week low of $60.28 and a 52 week high of $201.99.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. The business had revenue of $341.87 million for the quarter, compared to analyst estimates of $328.67 million. Semtech had a return on equity of 21.74% and a net margin of 13.11%.The company’s revenue was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. On average, research analysts predict that Semtech will post 2.64 EPS for the current fiscal year.

Semtech Company Profile

Semtech Corporation is a global semiconductor and technology company that designs and supplies analog and mixed-signal products for communications, industrial, automotive, consumer, and infrastructure applications. Its solutions are used to manage, protect, connect, and transmit data in electronic systems.

The company’s portfolio includes signal-integrity products, protection devices, power-management components, optical and high-speed connectivity solutions, and video-processing technologies.