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

Semtech Corporation (NASDAQ:SMTC) has been assigned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $179.7333.

Several equities analysts have commented on the stock. Mizuho set a $225.00 target price on shares of Semtech in a research report on Wednesday, May 27th. B. Riley Financial lifted their target price on shares of Semtech from $165.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Northland Securities cut shares of Semtech from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 26th. Craig Hallum lifted their price target on shares of Semtech from $105.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Finally, Susquehanna lifted their price target on shares of Semtech from $170.00 to $200.00 and gave the stock a “positive” rating in a report on Wednesday, May 27th.

Semtech Stock Performance

Shares of Semtech stock opened at $149.58 on Thursday. The company has a current ratio of 2.37, a quick ratio of 1.62 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average price of $110.16 and a two-hundred day moving average price of $89.95. Semtech has a 1-year low of $36.10 and a 1-year high of $172.35. The company has a market cap of $13.93 billion, a P/E ratio of -383.54 and a beta of 2.32.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. The firm had revenue of $291.00 million during the quarter, compared to the consensus estimate of $283.53 million. Semtech had a positive return on equity of 18.31% and a negative net margin of 3.05%.The business’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business posted $0.38 EPS. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. As a group, analysts anticipate that Semtech will post 1.6 EPS for the current year.

Insider Buying and Selling

In related news, CFO Mark Lin sold 974 shares of Semtech stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $78.42, for a total value of $76,381.08. Following the sale, the chief financial officer 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Hong Q. Hou sold 2,000 shares of Semtech stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $90.11, for a total transaction of $180,220.00. Following the completion of the sale, the chief executive officer directly owned 73,228 shares in the company, valued at $6,598,575.08. This trade represents a 2.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 36,884 shares of company stock worth $3,069,245 in the last three months. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Glenmede Trust Co. NA grew its stake in Semtech by 3.3% in the 1st quarter. Glenmede Trust Co. NA now owns 18,432 shares of the semiconductor company’s stock valued at $1,417,000 after buying an additional 589 shares in the last quarter. E20 Capital Ltd purchased a new position in Semtech in the 1st quarter valued at approximately $21,809,000. Janus Henderson Group PLC grew its stake in Semtech by 10.2% in the 1st quarter. Janus Henderson Group PLC now owns 61,443 shares of the semiconductor company’s stock valued at $4,723,000 after buying an additional 5,699 shares in the last quarter. California State Teachers Retirement System grew its stake in Semtech by 24.8% in the 1st quarter. California State Teachers Retirement System now owns 102,818 shares of the semiconductor company’s stock valued at $7,906,000 after buying an additional 20,408 shares in the last quarter. Finally, Quantinno Capital Management LP grew its position in shares of Semtech by 53.1% during the 1st quarter. Quantinno Capital Management LP now owns 14,342 shares of the semiconductor company’s stock valued at $1,103,000 after purchasing an additional 4,973 shares in the last quarter.

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.