Semtech Corporation (NASDAQ:SMTC) Receives $79.21 Average Target Price from Analysts

Shares of Semtech Corporation (NASDAQ:SMTC) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $79.2143.

Several brokerages have commented on SMTC. Roth Mkm raised their price objective on Semtech from $65.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of Semtech in a research note on Monday, December 29th. Susquehanna lifted their price objective on Semtech from $65.00 to $80.00 and gave the stock a “positive” rating in a research report on Tuesday, November 18th. Morgan Stanley set a $67.00 target price on Semtech in a research note on Tuesday, November 25th. Finally, B. Riley boosted their price target on shares of Semtech from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th.

Semtech Stock Performance

Shares of SMTC stock opened at $80.52 on Friday. Semtech has a 52-week low of $24.05 and a 52-week high of $83.80. The company has a quick ratio of 1.71, a current ratio of 2.43 and a debt-to-equity ratio of 0.87. The stock has a market cap of $7.45 billion, a PE ratio of 259.74 and a beta of 2.01. The business has a 50-day simple moving average of $74.28 and a 200-day simple moving average of $65.22.

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

Insiders Place Their Bets

In related news, insider John Michael Wilson sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $75.12, for a total value of $375,600.00. Following the completion of the transaction, the insider directly owned 60,066 shares in the company, valued at approximately $4,512,157.92. This represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Saar Gillai sold 3,600 shares of the company’s 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 transaction, the director directly owned 9,523 shares in the company, valued at approximately $716,700.98. This trade represents a 27.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 11,967 shares of company stock worth $901,108. 0.48% of the stock is currently owned by company insiders.

Institutional Trading of Semtech

Several institutional investors and hedge funds have recently bought and sold shares of SMTC. Westfield Capital Management Co. LP boosted its stake in Semtech by 107.8% during the second quarter. Westfield Capital Management Co. LP now owns 2,747,260 shares of the semiconductor company’s stock worth $124,011,000 after buying an additional 1,424,909 shares during the period. Think Investments LP acquired a new stake in Semtech in the 3rd quarter valued at approximately $58,618,000. Ameriprise Financial Inc. raised its position in Semtech by 10.3% in the second quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock valued at $321,040,000 after purchasing an additional 666,456 shares during the period. Atreides Management LP acquired a new position in Semtech during the second quarter worth $29,880,000. Finally, Hood River Capital Management LLC boosted its position in shares of Semtech by 36.0% during the second quarter. Hood River Capital Management LLC now owns 2,244,631 shares of the semiconductor company’s stock worth $101,323,000 after buying an additional 594,529 shares during the period.

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.