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

Semtech Corporation (NASDAQ:SMTC) has received a consensus rating of “Moderate Buy” from the seventeen research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $179.7333.

A number of analysts have recently issued reports on SMTC shares. Citigroup cut Semtech from a “buy” rating to a “market perform” rating in a research report on Tuesday, May 26th. Susquehanna raised their price objective on Semtech from $170.00 to $200.00 and gave the company a “positive” rating in a research report on Wednesday, May 27th. Robert W. Baird raised their price objective on Semtech from $110.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Oppenheimer set a $200.00 price objective on Semtech in a research report on Wednesday, May 27th. Finally, Morgan Stanley raised their price objective on Semtech from $155.00 to $175.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th.

Insider Buying and Selling at Semtech

In related news, EVP Jason Elliot Green sold 7,500 shares of Semtech stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $81.73, for a total transaction of $612,975.00. Following the completion of the sale, the executive vice president directly owned 8,811 shares of the company’s stock, valued at approximately $720,123.03. This trade represents a 45.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mark Lin sold 974 shares of Semtech stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $78.42, for a total value of $76,381.08. Following the sale, the chief financial officer directly owned 33,343 shares of the company’s stock, valued at approximately $2,614,758.06. The trade was a 2.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 25,160 shares of company stock worth $2,227,705 in the last 90 days. Company insiders own 0.48% of the company’s stock.

Institutional Trading of Semtech

Hedge funds have recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new stake in Semtech during the 1st quarter worth approximately $33,000. Jones Financial Companies Lllp lifted its holdings in Semtech by 65.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 235 shares during the last quarter. Assetmark Inc. increased its stake in Semtech by 1,745.5% during the 3rd quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 576 shares during the period. IFP Advisors Inc bought a new position in Semtech during the 4th quarter worth $53,000. Finally, Huntington National Bank increased its stake in Semtech by 151.3% during the 3rd quarter. Huntington National Bank now owns 749 shares of the semiconductor company’s stock worth $54,000 after acquiring an additional 451 shares during the period.

Semtech Stock Performance

SMTC opened at $158.23 on Monday. Semtech has a 12-month low of $40.25 and a 12-month high of $177.35. The stock has a market cap of $14.74 billion, a price-to-earnings ratio of -405.72 and a beta of 2.32. The business has a 50 day moving average of $133.24 and a 200-day moving average of $99.08. The company has a quick ratio of 1.62, a current ratio of 2.37 and a debt-to-equity ratio of 0.86.

Semtech (NASDAQ:SMTC) last released its quarterly earnings data on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. Semtech had a positive return on equity of 18.31% and a negative net margin of 3.05%.The company had revenue of $291.02 million during the quarter, compared to analysts’ expectations of $283.53 million. During the same period last year, the firm posted $0.38 earnings per share. The business’s revenue was up 15.9% on a year-over-year basis. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. On average, equities research analysts expect that Semtech will post 1.81 earnings per share 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.