Semtech (NASDAQ:SMTC) Sets New 1-Year High – Time to Buy?

Semtech Corporation (NASDAQ:SMTC)’s stock price hit a new 52-week high on Friday . The company traded as high as $84.88 and last traded at $82.9950, with a volume of 79319 shares traded. The stock had previously closed at $81.98.

Analysts Set New Price Targets

A number of analysts recently commented on SMTC shares. Robert W. Baird upped their price target on shares of Semtech from $70.00 to $88.00 and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Oppenheimer restated an “outperform” rating and set a $81.00 target price on shares of Semtech in a research report on Tuesday, November 25th. Morgan Stanley set a $67.00 price target on Semtech in a research report on Tuesday, November 25th. B. Riley boosted their price objective on Semtech from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Finally, UBS Group restated a “buy” rating on shares of Semtech in a research note on Tuesday, November 25th. Fourteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $79.21.

Semtech Trading Up 1.6%

The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.71 and a current ratio of 2.43. The stock has a 50-day moving average price of $75.67 and a 200-day moving average price of $65.89. The stock has a market cap of $7.71 billion, a P/E ratio of 270.06 and a beta of 2.01.

Semtech (NASDAQ:SMTC) last announced its earnings results on Monday, November 24th. The semiconductor company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Semtech had a net margin of 2.77% and a return on equity of 17.00%. The business had revenue of $266.97 million for the quarter, compared to the consensus estimate of $266.36 million. During the same period last year, the firm posted $0.26 earnings per share. Semtech’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 expect that Semtech Corporation will post -0.02 EPS for the current year.

Insiders Place Their Bets

In other Semtech news, insider John Michael Wilson sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $75.12, for a total transaction of $375,600.00. Following the sale, the insider owned 60,066 shares in the company, valued at $4,512,157.92. This trade represents a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Asaf Silberstein sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $83.00, for a total value of $415,000.00. Following the completion of the transaction, the chief operating officer owned 88,496 shares of the company’s stock, valued at $7,345,168. The trade was a 5.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 16,967 shares of company stock valued at $1,316,108 over the last quarter. Insiders own 0.48% of the company’s stock.

Institutional Trading of Semtech

Several hedge funds and other institutional investors have recently bought and sold shares of SMTC. M&T Bank Corp purchased a new stake in Semtech during the 4th quarter valued at $246,000. Pictet Asset Management Holding SA raised its stake in shares of Semtech by 10.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 13,558 shares of the semiconductor company’s stock valued at $999,000 after acquiring an additional 1,271 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of Semtech by 2.4% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 21,711 shares of the semiconductor company’s stock valued at $1,600,000 after acquiring an additional 503 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Semtech by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 11,858,352 shares of the semiconductor company’s stock worth $873,842,000 after purchasing an additional 298,987 shares during the period. Finally, Evergreen Capital Management LLC increased its holdings in Semtech by 2.3% during the 4th quarter. Evergreen Capital Management LLC now owns 5,945 shares of the semiconductor company’s stock valued at $438,000 after purchasing an additional 136 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.