Semtech (NASDAQ:SMTC) Lowered to “Buy” Rating by Wall Street Zen

Semtech (NASDAQ:SMTC) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Monday.

Other research analysts have also recently issued research reports about the company. UBS Group restated a “buy” rating on shares of Semtech in a research report on Tuesday, November 25th. Stifel Nicolaus upped their price objective on Semtech from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Oppenheimer reaffirmed an “outperform” rating and issued a $81.00 price objective on shares of Semtech in a research note on Tuesday, November 25th. Susquehanna boosted their target price on Semtech from $65.00 to $80.00 and gave the stock a “positive” rating in a research note on Tuesday, November 18th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $95.00 target price (up previously from $70.00) on shares of Semtech in a report on Thursday, December 11th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $79.21.

Semtech Stock Performance

Shares of NASDAQ SMTC opened at $80.52 on Monday. Semtech has a one year low of $24.05 and a one year high of $83.80. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of 259.74 and a beta of 2.01. The stock’s fifty day moving average price is $74.28 and its two-hundred day moving average price is $65.22. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.43 and a quick ratio of 1.71.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings data on Monday, November 24th. The semiconductor company reported $0.48 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $266.36 million. During the same quarter in the previous year, the company earned $0.26 EPS. The business’s 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 forecast that Semtech will post -0.02 EPS for the current year.

Insider Activity at Semtech

In other news, Director Saar Gillai sold 3,600 shares of Semtech stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $75.26, for a total value of $270,936.00. Following the completion of the sale, the director owned 9,523 shares in the company, valued at $716,700.98. The trade was a 27.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul V. Walsh, Jr. sold 500 shares of the business’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $78.25, for a total value of $39,125.00. Following the completion of the sale, the director directly owned 25,279 shares of the company’s stock, valued at $1,978,081.75. The trade was a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 11,967 shares of company stock worth $901,108. Corporate insiders own 0.48% of the company’s stock.

Institutional Trading of Semtech

Several institutional investors and hedge funds have recently made changes to their positions in SMTC. Bessemer Group Inc. lifted its position in shares of Semtech by 78.4% during the second quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 287 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Semtech in the 2nd quarter worth about $33,000. Hantz Financial Services Inc. increased its stake in Semtech by 243.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 360 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in Semtech during the third quarter worth $41,000. Finally, AlphaQuest LLC increased its holdings in Semtech by 42.5% during 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.

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.