Semtech (NASDAQ:SMTC) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Semtech (NASDAQ:SMTC) from a buy rating to a strong-buy rating in a research report sent to investors on Sunday.

A number of other brokerages have also recently commented on SMTC. Weiss Ratings reissued a “hold (c-)” rating on shares of Semtech in a research note on Monday, December 29th. TD Cowen began coverage on shares of Semtech in a report on Wednesday, October 1st. They issued a “buy” rating and a $75.00 price target on the stock. UBS Group reiterated a “buy” rating on shares of Semtech in a research report on Tuesday, November 25th. Robert W. Baird lifted their price objective on Semtech from $70.00 to $88.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Finally, B. Riley upped their target price on Semtech from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Fifteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.21.

Semtech Stock Up 0.4%

SMTC stock opened at $77.56 on Friday. 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 company’s 50-day moving average price is $73.41 and its 200 day moving average price is $64.02. Semtech has a 52 week low of $24.05 and a 52 week high of $81.39. The company has a market cap of $7.18 billion, a P/E ratio of 250.19 and a beta of 2.01.

Semtech (NASDAQ:SMTC) last posted its earnings results on Monday, November 24th. The semiconductor company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Semtech had a return on equity of 17.00% and a net margin of 2.77%.The company had revenue of $266.97 million for the quarter, compared to the consensus estimate of $266.36 million. During the same period in the previous year, the business earned $0.26 earnings per share. Semtech’s quarterly revenue was up 12.8% compared to the same quarter last year. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. On average, research analysts expect that Semtech will post -0.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Gregory Michael Fischer sold 1,034 shares of the stock in a transaction on Friday, January 9th. The shares were sold at an average price of $75.50, for a total value of $78,067.00. Following the completion of the sale, the director owned 2,857 shares of the company’s stock, valued at $215,703.50. This represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Saar Gillai sold 3,600 shares of the company’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $75.26, for a total value of $270,936.00. Following the completion of the sale, the director directly owned 9,523 shares of the company’s stock, valued at $716,700.98. The trade was a 27.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 11,967 shares of company stock valued at $895,103. 0.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Semtech

Hedge funds have recently bought and sold shares of the business. 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 valued at $29,000 after purchasing an additional 287 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Semtech in the second quarter worth $33,000. Hantz Financial Services Inc. raised its holdings in Semtech by 243.2% in the third quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 360 shares in the last quarter. Salomon & Ludwin LLC bought a new position in Semtech during the 3rd quarter valued at $41,000. Finally, AlphaQuest LLC boosted its stake in Semtech by 42.5% during the 3rd quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 173 shares during 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.