Semtech Corporation (NASDAQ:SMTC) Given Average Rating of “Moderate Buy” by Analysts

Semtech Corporation (NASDAQ:SMTC) has earned an average rating of “Moderate Buy” from the sixteen analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $79.2143.

A number of research analysts have recently commented on SMTC shares. Weiss Ratings restated a “hold (c-)” rating on shares of Semtech in a research note on Monday, December 29th. UBS Group reiterated a “buy” rating on shares of Semtech in a report on Tuesday, November 25th. Oppenheimer reissued an “outperform” rating and set a $81.00 price objective on shares of Semtech in a research report on Tuesday, November 25th. Roth Mkm upped their target price on shares of Semtech from $65.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Finally, Needham & Company LLC reissued a “buy” rating and set a $80.00 price target on shares of Semtech 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 firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $75.26, for a total transaction of $270,936.00. Following the completion of the transaction, the director owned 9,523 shares of the company’s stock, valued at $716,700.98. This trade represents a 27.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Asaf Silberstein sold 10,000 shares of Semtech stock in a transaction on Monday, February 9th. The shares were sold at an average price of $92.00, for a total value of $920,000.00. Following the transaction, the chief operating officer owned 68,496 shares of the company’s stock, valued at $6,301,632. The trade was a 12.74% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 26,967 shares of company stock valued at $2,236,108. 0.48% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Semtech

A number of institutional investors have recently modified their holdings of SMTC. Bessemer Group Inc. raised its position in shares of Semtech by 78.4% in the 2nd 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 last quarter. Hantz Financial Services Inc. grew its position in Semtech by 243.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 360 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in Semtech during the 3rd quarter valued at about $41,000. AlphaQuest LLC raised its holdings in Semtech by 42.5% in the third quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock worth $41,000 after buying an additional 173 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of Semtech by 65.5% in the third quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock worth $42,000 after buying an additional 235 shares in the last quarter.

Semtech Trading Up 0.7%

Shares of SMTC opened at $87.11 on Tuesday. Semtech has a 1-year low of $24.05 and a 1-year high of $92.50. 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 firm’s 50-day moving average price is $78.70 and its 200-day moving average price is $69.01. The firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of 281.00 and a beta of 2.01.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings data on Monday, November 24th. The semiconductor company reported $0.48 EPS for the quarter, topping the consensus estimate 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%. Semtech’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. Sell-side analysts anticipate that Semtech will post -0.02 EPS for the current year.

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.