Semtech Corporation (NASDAQ:SMTC) Receives $204.71 Consensus PT from Analysts

Semtech Corporation (NASDAQ:SMTC) has been assigned a consensus rating of “Moderate Buy” from the nineteen ratings firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $204.7059.

Several research analysts have recently commented on SMTC shares. BMO Capital Markets started coverage on shares of Semtech in a report on Wednesday, August 26th. They set an “outperform” rating and a $155.00 target price on the stock. Wall Street Zen upgraded Semtech from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 29th. Mizuho set a $225.00 price target on Semtech in a research report on Wednesday, May 27th. Roth Capital set a $220.00 price objective on Semtech in a research note on Wednesday, August 26th. Finally, Benchmark reaffirmed a “buy” rating on shares of Semtech in a report on Thursday, August 20th.

Insider Buying and Selling

In related news, CEO Hong Hou sold 2,000 shares of the firm’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $133.00, for a total value of $266,000.00. Following the transaction, the chief executive officer owned 64,799 shares in the company, valued at approximately $8,618,267. This trade represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Julie Ruehl sold 1,500 shares of the company’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $145.00, for a total transaction of $217,500.00. Following the sale, the director directly owned 7,140 shares of the company’s stock, valued at $1,035,300. This represents a 17.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 23,234 shares of company stock valued at $3,304,706 in the last ninety days. Insiders own 0.44% of the company’s stock.

Institutional Trading of Semtech

Institutional investors and hedge funds have recently made changes to their positions in the company. Andar Capital Management HK Ltd bought a new position in Semtech in the second quarter valued at approximately $162,000,000. California State Teachers Retirement System lifted its stake in Semtech by 16,868.8% during the second quarter. California State Teachers Retirement System now owns 17,446,944 shares of the semiconductor company’s stock worth $2,823,788,000 after purchasing an additional 17,344,126 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Semtech in the 2nd quarter valued at $1,577,947,000. Ameriprise Financial Inc. boosted its holdings in shares of Semtech by 10.3% in the 2nd 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 in the last quarter. Finally, State Street Corp increased its stake in shares of Semtech by 1.5% in the 2nd quarter. State Street Corp now owns 4,037,107 shares of the semiconductor company’s stock valued at $182,235,000 after purchasing an additional 60,788 shares during the last quarter.

Semtech Trading Up 5.1%

SMTC stock opened at $167.24 on Friday. Semtech has a 52 week low of $57.50 and a 52 week high of $177.35. The company has a market capitalization of $15.61 billion, a PE ratio of 110.76 and a beta of 2.35. The company’s 50-day simple moving average is $133.86 and its 200 day simple moving average is $123.36. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.31 and a current ratio of 1.70.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.10. The business had revenue of $341.87 million during the quarter, compared to analysts’ expectations of $328.67 million. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The business’s revenue was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.41 EPS. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. As a group, sell-side analysts anticipate that Semtech will post 2.64 earnings per share for the current year.

About Semtech

Semtech Corporation (NASDAQ:SMTC) is a global semiconductor and technology company that designs and supplies analog and mixed-signal products. Its solutions are used to manage, protect, connect and process electronic signals in infrastructure, data centers, industrial systems, automotive applications, consumer devices and communications equipment.

The company’s portfolio includes signal-integrity and connectivity products, power-management and protection devices, wireless and radio-frequency solutions, and specialized semiconductors.