Semtech Corporation (NASDAQ:SMTC) Receives $79.21 Consensus PT from Analysts

Semtech Corporation (NASDAQ:SMTC) has received an average rating of “Moderate Buy” from the sixteen research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $79.2143.

A number of equities analysts recently issued reports on SMTC shares. Piper Sandler reiterated an “overweight” rating and set a $95.00 price objective (up from $70.00) on shares of Semtech in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Semtech in a research note on Monday, December 29th. Morgan Stanley set a $67.00 price target on Semtech in a research note on Tuesday, November 25th. Oppenheimer restated an “outperform” rating and set a $81.00 price objective on shares of Semtech in a research report on Tuesday, November 25th. Finally, Benchmark upped their target price on Semtech from $76.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th.

Insiders Place Their Bets

In other news, CFO Mark Lin sold 1,333 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $76.20, for a total transaction of $101,574.60. Following the completion of the transaction, the chief financial officer owned 18,477 shares of the company’s stock, valued at approximately $1,407,947.40. This trade represents a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Saar Gillai sold 3,600 shares of the business’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $75.26, for a total transaction of $270,936.00. Following the completion of the sale, the director directly owned 9,523 shares in the company, valued at approximately $716,700.98. This represents a 27.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 26,967 shares of company stock worth $2,236,108 over the last quarter. 0.48% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund lifted its position in shares of Semtech by 55.7% in the 3rd quarter. New York State Common Retirement Fund now owns 277,661 shares of the semiconductor company’s stock worth $19,839,000 after purchasing an additional 99,335 shares during the period. Nordea Investment Management AB acquired a new stake in shares of Semtech during the second quarter worth $4,230,000. EFG Asset Management North America Corp. raised its stake in Semtech by 15.6% during the second quarter. EFG Asset Management North America Corp. now owns 94,872 shares of the semiconductor company’s stock worth $4,282,000 after buying an additional 12,796 shares during the last quarter. Lisanti Capital Growth LLC acquired a new position in Semtech in the third quarter valued at $4,318,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Semtech during the third quarter valued at $9,160,000.

Semtech Trading Up 2.1%

Shares of SMTC opened at $86.77 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.71 and a current ratio of 2.43. Semtech has a 52-week low of $24.05 and a 52-week high of $92.50. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 279.90 and a beta of 2.01. The business’s fifty day moving average is $79.38 and its 200-day moving average is $69.88.

Semtech (NASDAQ:SMTC) last released its quarterly earnings data 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. The business had revenue of $266.97 million for the quarter, compared to analyst estimates of $266.36 million. Semtech had a return on equity of 17.00% and a net margin of 2.77%.Semtech’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. Equities analysts anticipate that Semtech will post -0.02 EPS for the current fiscal year.

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.