Semtech Corporation (NASDAQ:SMTC) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Semtech Corporation (NASDAQ:SMTC) have earned an average recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $189.0667.

SMTC has been the subject of several research analyst reports. Susquehanna upped 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. Citigroup downgraded Semtech from a “buy” rating to a “market perform” rating in a report on Tuesday, May 26th. Roth Capital upped their target price on Semtech from $102.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. TD Cowen increased their target price on Semtech from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Zacks Research raised Semtech from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th.

Semtech Trading Up 9.9%

SMTC opened at $154.22 on Tuesday. The company has a market cap of $14.37 billion, a P/E ratio of -395.44 and a beta of 2.35. 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 company’s 50 day moving average is $140.52 and its 200-day moving average is $116.40. Semtech has a 1-year low of $46.02 and a 1-year high of $177.35.

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, topping analysts’ consensus estimates of $0.45 by $0.06. The business had revenue of $291.02 million during the quarter, compared to analysts’ expectations of $283.53 million. Semtech had a negative net margin of 3.05% and a positive return on equity of 18.31%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Equities research analysts predict that Semtech will post 1.81 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Mark Lin sold 970 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $150.41, for a total value of $145,897.70. Following the completion of the transaction, the chief financial officer owned 34,896 shares in the company, valued at $5,248,707.36. This trade represents a 2.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Elliot Green sold 2,264 shares of Semtech stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $129.90, for a total transaction of $294,093.60. Following the sale, the executive vice president owned 8,611 shares in the company, valued at approximately $1,118,568.90. This represents a 20.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 22,234 shares of company stock valued at $3,203,091 over the last three months. Insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Semtech

Several large investors have recently modified their holdings of the business. ABS Investment Management LLC bought a new stake in shares of Semtech in the second quarter worth $178,035,000. FNY Investment Advisers LLC raised its position in Semtech by 900.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 180 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Semtech during the 2nd quarter worth about $32,000. Allworth Financial LP acquired a new position in Semtech during the 2nd quarter worth about $55,000. Finally, Allied Private Wealth LLC bought a new stake in shares of Semtech in the 2nd quarter valued at about $65,000.

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.