Semtech (NASDAQ:SMTC) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen lowered shares of Semtech (NASDAQ:SMTC) from a strong-buy rating to a buy rating in a research note published on Saturday morning.

Other equities research analysts have also recently issued research reports about the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $80.00 price objective on shares of Semtech in a research report on Tuesday, November 25th. Craig Hallum upped their price target on shares of Semtech from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Northland Securities lifted their price objective on shares of Semtech from $48.00 to $53.00 and gave the company an “outperform” rating in a research note on Tuesday, August 26th. B. Riley upped their target price on Semtech from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Finally, Roth Capital raised their target price on Semtech from $65.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Fifteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $78.50.

Semtech Stock Down 8.6%

Shares of SMTC opened at $72.89 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. Semtech has a 12 month low of $24.05 and a 12 month high of $81.32. The firm’s 50 day moving average is $70.31 and its 200-day moving average is $57.95. The stock has a market capitalization of $6.75 billion, a PE ratio of 235.13 and a beta of 2.01.

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. The business had revenue of $266.97 million for 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 firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 earnings per share. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. Equities research analysts forecast that Semtech will post -0.02 EPS for the current year.

Insider Transactions at Semtech

In other news, CFO Mark Lin sold 971 shares of the company’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 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 $1,299,578.52. This represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 transaction of $219,625.00. Following the sale, the director owned 6,909 shares in the company, valued at approximately $433,539.75. This represents a 33.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 4,971 shares of company stock worth $323,463. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SMTC. Hantz Financial Services Inc. increased its position in shares of Semtech by 243.2% during 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 shares of Semtech during the 3rd quarter valued at about $41,000. AlphaQuest LLC grew its stake in Semtech by 42.5% during the third quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 173 shares during the period. Jones Financial Companies Lllp increased its holdings in Semtech by 65.5% in the third quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 235 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in Semtech by 1,745.5% in the third quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 576 shares during the period.

Semtech Company Profile

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.