Semtech (NASDAQ:SMTC) Hits New 12-Month High – Time to Buy?

Semtech Corporation (NASDAQ:SMTC) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $90.09 and last traded at $81.88, with a volume of 2619887 shares traded. The stock had previously closed at $87.63.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Semtech in a report on Monday, December 29th. Susquehanna boosted their price target on shares of Semtech from $65.00 to $80.00 and gave the stock a “positive” rating in a research note on Tuesday, November 18th. Piper Sandler reiterated an “overweight” rating and issued a $95.00 price objective (up from $70.00) on shares of Semtech in a research note on Thursday, December 11th. Morgan Stanley set a $67.00 target price on Semtech in a research note on Tuesday, November 25th. Finally, B. Riley Financial upped their price target on Semtech from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.21.

Semtech Stock Performance

The company has a market capitalization of $8.00 billion, a price-to-earnings ratio of 279.03 and a beta of 2.01. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.43 and a quick ratio of 1.71. The stock has a 50 day simple moving average of $77.27 and a two-hundred day simple moving average of $67.32.

Semtech (NASDAQ:SMTC) last released its quarterly earnings data on Monday, November 24th. The semiconductor company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $266.97 million for the quarter, compared to the consensus estimate of $266.36 million. Semtech had a return on equity of 17.00% and a net margin of 2.77%.The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.26 EPS. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. As a group, analysts anticipate that Semtech Corporation will post -0.02 earnings per share for the current year.

Insider Buying and Selling at Semtech

In other Semtech news, 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 owned 9,523 shares in the company, valued at $716,700.98. This represents a 27.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John Michael Wilson sold 5,000 shares of Semtech stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $75.12, for a total value of $375,600.00. Following the sale, the insider owned 60,066 shares in the company, valued at $4,512,157.92. This trade represents a 7.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 16,967 shares of company stock worth $1,316,108. 0.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Mizuho Markets Americas LLC purchased a new stake in Semtech in the fourth quarter valued at approximately $6,240,000. Legato Capital Management LLC increased its holdings in shares of Semtech by 48.9% in the 4th quarter. Legato Capital Management LLC now owns 38,835 shares of the semiconductor company’s stock valued at $2,862,000 after acquiring an additional 12,759 shares during the period. Global Retirement Partners LLC raised its position in Semtech by 9,878.9% in the 4th quarter. Global Retirement Partners LLC now owns 3,792 shares of the semiconductor company’s stock valued at $279,000 after purchasing an additional 3,754 shares during the last quarter. Leonteq Securities AG acquired a new stake in Semtech during the 4th quarter worth $78,000. Finally, IFP Advisors Inc purchased a new position in Semtech during the 4th quarter worth $53,000.

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.