Semtech Corporation (NASDAQ:SMTC) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Semtech Corporation (NASDAQ:SMTC) have been given a consensus rating of “Moderate Buy” by the sixteen ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $79.2143.

Several research firms recently commented on SMTC. Needham & Company LLC reaffirmed a “buy” rating and issued a $80.00 price target on shares of Semtech in a report on Tuesday, November 25th. Susquehanna upped their target price on Semtech from $65.00 to $80.00 and gave the company a “positive” rating in a report on Tuesday, November 18th. Summit Insights upgraded Semtech from a “hold” rating to a “buy” rating in a report on Tuesday, November 25th. Stifel Nicolaus boosted their price target on shares of Semtech from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Finally, Benchmark raised their price objective on shares of Semtech from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th.

Insider Buying and Selling at Semtech

In related news, Director Saar Gillai sold 3,600 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $75.26, for a total value of $270,936.00. Following the completion of the transaction, the director directly owned 9,523 shares in the company, valued at approximately $716,700.98. This represents a 27.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul V. Walsh, Jr. sold 500 shares of Semtech stock in a transaction on 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 sale, the director owned 25,779 shares in the company, valued at $1,846,034.19. This represents a 1.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 11,467 shares of company stock worth $861,983. Insiders own 0.48% of the company’s stock.

Institutional Trading of Semtech

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC purchased a new position in Semtech during the fourth quarter worth about $60,000. JB Capital LLC lifted its holdings in shares of Semtech by 5.8% in the 4th quarter. JB Capital LLC now owns 67,084 shares of the semiconductor company’s stock worth $4,943,000 after acquiring an additional 3,701 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Semtech by 21.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 155,576 shares of the semiconductor company’s stock worth $11,709,000 after acquiring an additional 27,781 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Semtech during the 4th quarter worth approximately $159,000. Finally, Sax Wealth Advisors LLC acquired a new stake in Semtech in the 4th quarter valued at approximately $243,000.

Semtech Price Performance

Shares of NASDAQ SMTC opened at $80.12 on Friday. The firm has a 50-day simple moving average of $73.98 and a 200-day simple moving average of $64.70. The company has a quick ratio of 1.71, a current ratio of 2.43 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 258.45 and a beta of 2.01. Semtech has a 52 week low of $24.05 and a 52 week high of $83.80.

Semtech (NASDAQ:SMTC) last released its quarterly earnings data on Monday, November 24th. The semiconductor company reported $0.48 EPS 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 company had revenue of $266.97 million during the quarter, compared to the consensus estimate of $266.36 million. During the same quarter in the prior year, the firm earned $0.26 EPS. 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 analysts predict that Semtech will post -0.02 earnings per share for the current fiscal year.

About Semtech

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.