Semtech (NASDAQ:SMTC) Given New $220.00 Price Target at Stifel Nicolaus

Semtech (NASDAQ:SMTC) had its price objective hoisted by Stifel Nicolaus from $188.00 to $220.00 in a research report sent to investors on Monday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Several other research analysts have also recently weighed in on the company. UBS Group boosted their target price on Semtech from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Robert W. Baird increased their price target on Semtech from $225.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Roth Capital set a $220.00 price objective on Semtech in a research report on Wednesday, August 26th. Zacks Research raised Semtech from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 21st. Finally, Northland Securities upgraded Semtech from a “market perform” rating to an “outperform” rating and set a $182.00 target price for the company in a report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Semtech currently has a consensus rating of “Moderate Buy” and an average price target of $208.06.

Semtech Price Performance

Shares of NASDAQ SMTC opened at $192.83 on Monday. The firm has a 50-day simple moving average of $147.82 and a 200-day simple moving average of $133.56. The company has a quick ratio of 1.31, a current ratio of 1.70 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $18.00 billion, a price-to-earnings ratio of 127.70 and a beta of 2.41. Semtech has a 52 week low of $60.28 and a 52 week high of $201.99.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The firm had revenue of $341.87 million for the quarter, compared to analyst estimates of $328.67 million. During the same period in the previous year, the business posted $0.41 earnings per share. Semtech’s quarterly revenue was up 32.7% on a year-over-year basis. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. On average, equities analysts predict that Semtech will post 2.64 earnings per share for the current fiscal year.

Insider Activity at Semtech

In other Semtech news, CEO Hong Hou sold 2,000 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $138.71, for a total transaction of $277,420.00. Following the sale, the chief executive officer directly owned 60,799 shares in the company, valued at $8,433,429.29. This represents a 3.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark Lin sold 967 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $178.87, for a total transaction of $172,967.29. Following the completion of the transaction, the chief financial officer directly owned 35,999 shares of the company’s stock, valued at $6,439,141.13. This represents a 2.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,471 shares of company stock worth $3,093,669 over the last 90 days. 0.44% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SMTC. Cim Investment Management Inc. acquired a new position in Semtech during the 2nd quarter worth $319,000. SkyView Investment Advisors LLC acquired a new stake in Semtech in the 2nd quarter valued at about $283,000. Sequoia Financial Advisors LLC purchased a new position in shares of Semtech in the 2nd quarter valued at about $374,000. Tidal Investments LLC purchased a new position in shares of Semtech in the 2nd quarter valued at about $22,728,000. Finally, IPG Investment Advisors LLC purchased a new position in shares of Semtech in the 2nd quarter valued at about $296,000.

About Semtech

Semtech Corporation is a global semiconductor and technology company that designs and supplies analog and mixed-signal products for communications, industrial, automotive, consumer, and infrastructure applications. Its solutions are used to manage, protect, connect, and transmit data in electronic systems.

The company’s portfolio includes signal-integrity products, protection devices, power-management components, optical and high-speed connectivity solutions, and video-processing technologies.