Analysts Set Semtech Corporation (NASDAQ:SMTC) Target Price at $179.73

Semtech Corporation (NASDAQ:SMTCGet Free Report) has received a consensus recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $189.0667.

A number of research firms recently commented on SMTC. Citigroup lowered shares of Semtech from a “buy” rating to a “market perform” rating in a research note on Tuesday, May 26th. Craig Hallum boosted their target price on Semtech from $105.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Robert W. Baird increased their price target on Semtech from $110.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Stifel Nicolaus lifted their price target on Semtech from $157.00 to $188.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, Mizuho set a $225.00 price objective on Semtech in a research note on Wednesday, May 27th.

Get Our Latest Analysis on Semtech

Insider Activity

In other Semtech news, CFO Mark Lin sold 974 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $78.42, for a total value of $76,381.08. Following the sale, the chief financial officer directly owned 33,343 shares in the company, valued at approximately $2,614,758.06. The trade was a 2.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Martin Burvill sold 2,500 shares of the firm’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $88.98, for a total transaction of $222,450.00. Following the transaction, the director owned 4,409 shares of the company’s stock, valued at approximately $392,312.82. This trade represents a 36.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 21,974 shares of company stock valued at $2,555,791 over the last quarter. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp increased its holdings in shares of Semtech by 12,214.3% in the first quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock valued at $89,000 after buying an additional 2,565 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Semtech by 11.5% in the 1st quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company’s stock worth $323,000 after acquiring an additional 968 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Semtech by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 411,814 shares of the semiconductor company’s stock worth $14,166,000 after acquiring an additional 22,629 shares during the last quarter. Strs Ohio acquired a new stake in shares of Semtech during the first quarter worth $65,000. Finally, Cetera Investment Advisers purchased a new stake in shares of Semtech during the second quarter valued at $226,000.

Semtech Price Performance

Shares of NASDAQ SMTC opened at $149.75 on Monday. Semtech has a fifty-two week low of $42.38 and a fifty-two week high of $177.35. The firm’s 50-day simple moving average is $140.43 and its 200 day simple moving average is $101.91. The company has a quick ratio of 1.62, a current ratio of 2.37 and a debt-to-equity ratio of 0.86. The stock has a market cap of $13.95 billion, a P/E ratio of -383.97 and a beta of 2.32.

Semtech (NASDAQ:SMTCGet Free Report) last announced its earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The firm had revenue of $291.02 million during the quarter, compared to analyst estimates of $283.53 million. Semtech had a negative net margin of 3.05% and a positive return on equity of 18.31%. Semtech’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Equities analysts expect that Semtech will post 1.81 EPS for the current year.

About Semtech

(Get Free Report)

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.

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Analyst Recommendations for Semtech (NASDAQ:SMTC)

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