Semtech (NASDAQ:SMTC) Rating Lowered to “Buy” at Wall Street Zen

Semtech (NASDAQ:SMTC) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Monday.

SMTC has been the topic of several other research reports. Needham & Company LLC restated a “buy” rating and set a $80.00 price objective on shares of Semtech in a report on Tuesday, November 25th. B. Riley boosted their target price on shares of Semtech from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Susquehanna raised their price target on shares of Semtech from $65.00 to $80.00 and gave the company a “positive” rating in a research report on Tuesday, November 18th. Benchmark boosted their price objective on Semtech from $76.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Finally, TD Cowen started coverage on Semtech in a research note on Wednesday, October 1st. They issued a “buy” rating and a $75.00 price objective for the company. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Semtech presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.21.

Semtech Stock Down 2.1%

Shares of NASDAQ SMTC opened at $79.49 on Monday. The firm has a market cap of $7.36 billion, a PE ratio of 256.42 and a beta of 2.01. The company’s fifty day simple moving average is $74.94 and its 200 day simple moving average is $65.67. 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 has a 12-month low of $24.05 and a 12-month high of $83.80.

Semtech (NASDAQ:SMTC) last posted its quarterly 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. 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 business earned $0.26 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. As a group, sell-side analysts forecast that Semtech will post -0.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Semtech news, Director Gregory Michael Fischer sold 1,034 shares of the company’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $75.50, for a total transaction of $78,067.00. Following the sale, the director directly owned 2,857 shares of the company’s stock, valued at $215,703.50. This represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Saar Gillai sold 3,600 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $75.26, for a total transaction of $270,936.00. Following the sale, the director owned 9,523 shares in the company, valued at $716,700.98. The trade was a 27.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,967 shares of company stock worth $1,316,108 in the last quarter. 0.48% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Semtech

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. increased its holdings in shares of Semtech by 78.4% in the second quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 287 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Semtech in the second quarter worth $33,000. Hantz Financial Services Inc. raised its stake 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 valued at $36,000 after acquiring an additional 360 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in shares of Semtech in the 3rd quarter worth approximately $41,000. Finally, AlphaQuest LLC increased its position in Semtech by 42.5% during the 3rd quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 173 shares during the period.

Semtech Company Profile

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.