Semtech (NASDAQ:SMTC) Stock Rating Upgraded by Wall Street Zen

Semtech (NASDAQ:SMTC) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Sunday.

Several other research firms have also recently weighed in on SMTC. Susquehanna lifted their target price on Semtech from $65.00 to $80.00 and gave the company a “positive” rating in a research note on Tuesday, November 18th. TD Cowen began coverage on shares of Semtech in a report on Wednesday, October 1st. They set a “buy” rating and a $75.00 price target for the company. Oppenheimer reaffirmed an “outperform” rating and set a $81.00 price objective on shares of Semtech in a research report on Tuesday, November 25th. Summit Insights raised shares of Semtech from a “hold” rating to a “buy” rating in a research note on Tuesday, November 25th. Finally, Needham & Company LLC restated a “buy” rating and set a $80.00 price target on shares of Semtech in a report on Tuesday, November 25th. Fifteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $79.21.

Semtech Trading Up 0.4%

Semtech stock opened at $77.56 on Friday. Semtech has a 52 week low of $24.05 and a 52 week high of $81.39. 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 firm has a market capitalization of $7.18 billion, a price-to-earnings ratio of 250.19 and a beta of 2.01. The company has a 50 day moving average price of $73.41 and a 200 day moving average price of $63.88.

Semtech (NASDAQ:SMTC) last released its earnings results on Monday, November 24th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The company had revenue of $266.97 million during the quarter, compared to analyst estimates of $266.36 million. Semtech had a return on equity of 17.00% and a net margin of 2.77%.The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 earnings per share. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. Research analysts forecast that Semtech will post -0.02 EPS for the current year.

Insider Buying and Selling at Semtech

In other news, CFO Mark Lin sold 1,333 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $76.20, for a total transaction of $101,574.60. Following the transaction, the chief financial officer directly owned 18,477 shares in the company, valued at approximately $1,407,947.40. This represents a 6.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Michael Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $75.12, for a total transaction of $375,600.00. Following the completion of the sale, the insider directly owned 60,066 shares of the company’s stock, valued at approximately $4,512,157.92. This represents a 7.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,967 shares of company stock worth $895,103 over the last ninety days. Company insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Semtech

Hedge funds and other institutional investors have recently made changes to their positions in the company. Westfield Capital Management Co. LP boosted its position in shares of Semtech by 107.8% during the second quarter. Westfield Capital Management Co. LP now owns 2,747,260 shares of the semiconductor company’s stock worth $124,011,000 after buying an additional 1,424,909 shares during the period. Think Investments LP bought a new position in shares of Semtech in the third quarter valued at $58,618,000. Ameriprise Financial Inc. increased its holdings in Semtech by 10.3% during the second quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock worth $321,040,000 after buying an additional 666,456 shares during the last quarter. Atreides Management LP bought a new stake in Semtech during the second quarter worth $29,880,000. Finally, Hood River Capital Management LLC lifted its stake in Semtech by 36.0% in the second quarter. Hood River Capital Management LLC now owns 2,244,631 shares of the semiconductor company’s stock valued at $101,323,000 after acquiring an additional 594,529 shares during the last quarter.

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.