Semtech Corporation (NASDAQ:SMTC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Semtech Corporation (NASDAQ:SMTC) have been assigned an average rating of “Moderate Buy” from the seventeen research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $78.50.

A number of brokerages have recently issued reports on SMTC. Cowen began coverage on shares of Semtech in a research note on Tuesday, September 30th. They issued a “buy” rating on the stock. Morgan Stanley set a $67.00 price objective on Semtech in a report on Tuesday, November 25th. TD Cowen assumed coverage on Semtech in a report on Wednesday, October 1st. They set a “buy” rating and a $75.00 target price on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Semtech in a research report on Monday, December 22nd. Finally, B. Riley upped their price target on Semtech from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th.

Semtech Stock Performance

Semtech stock opened at $76.07 on Monday. Semtech has a 52 week low of $24.05 and a 52 week high of $81.32. The company has a current ratio of 2.43, a quick ratio of 1.71 and a debt-to-equity ratio of 0.87. The stock has a market cap of $7.04 billion, a P/E ratio of 245.39 and a beta of 2.01. The stock has a 50 day moving average of $71.19 and a 200-day moving average of $60.53.

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 during the quarter, compared to analyst estimates of $266.36 million. Semtech had a net margin of 2.77% and a return on equity of 17.00%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 earnings per share. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. On average, analysts expect that Semtech will post -0.02 EPS for the current fiscal year.

Insider Transactions at Semtech

In other news, Director Paul V. Walsh, Jr. sold 500 shares of Semtech stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $71.61, for a total value of $35,805.00. Following the completion of the transaction, the director directly owned 25,779 shares of the company’s stock, valued at approximately $1,846,034.19. The trade was a 1.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark Lin sold 971 shares of the business’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $72.83, for a total transaction of $70,717.93. Following the sale, the chief financial officer directly owned 17,844 shares of the company’s stock, valued at approximately $1,299,578.52. This represents a 5.16% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,971 shares of company stock worth $139,643. Insiders own 0.48% of the company’s stock.

Institutional Trading of Semtech

Several hedge funds have recently made changes to their positions in SMTC. Hsbc Holdings PLC grew its stake in Semtech by 10.0% during the 1st quarter. Hsbc Holdings PLC now owns 11,630 shares of the semiconductor company’s stock worth $397,000 after buying an additional 1,062 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Semtech by 33.4% during the first quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 257 shares during the period. Landscape Capital Management L.L.C. bought a new position in shares of Semtech during the first quarter worth about $842,000. Trexquant Investment LP bought a new position in shares of Semtech during the first quarter worth about $5,023,000. Finally, State of Wyoming acquired a new stake in shares of Semtech in the 1st quarter worth about $90,000.

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.