Semtech (SMTC) Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Semtech in the last twelve months. There are currently 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SMTC shares.
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11 Wall Street research analysts have issued 12-month target prices for Semtech's shares. Their SMTC share price forecasts range from $30.00 to $49.00. On average, they anticipate the company's stock price to reach $35.85 in the next twelve months. This suggests a possible upside of 37.7% from the stock's current price.
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Semtech's stock was trading at $28.69 at the beginning of 2023. Since then, SMTC shares have decreased by 9.2% and is now trading at $26.04.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
View our SMTC earnings forecast.

Semtech Co. (NASDAQ:SMTC) announced its earnings results on Wednesday, September, 13th. The semiconductor company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.09. The semiconductor company earned $238.37 million during the quarter, compared to the consensus estimate of $237.37 million. Semtech had a positive trailing twelve-month return on equity of 2.94% and a negative net margin of 53.62%. The business's revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 EPS.

ETFs with the largest weight of Semtech (NASDAQ:SMTC) stock in their portfolio include SPDR S&P Semiconductor ETF (XSD), Columbia Seligman Semiconductor and Technology ETF (SEMI), Invesco S&P SmallCap Information Technology ETF (PSCT), Invesco Nasdaq Future Gen 200 ETF (QQQS), Syntax Stratified SmallCap ETF (SSLY), Global X Internet of Things Thematic ETF (SNSR) and ProShares Ultra Semiconductors (USD).Ranger Equity Bear ETF (HDGE).

Semtech issued an update on its third quarter 2024 earnings guidance on Wednesday, September, 13th. The company provided EPS guidance of -$0.22--$0.09 for the period, compared to the consensus EPS estimate of $0.11. The company issued revenue guidance of $190.00 million-$210.00 million, compared to the consensus revenue estimate of $247.68 million.

66 employees have rated Semtech Chief Executive Officer Mohan R. Maheswaran on Glassdoor.com. Mohan R. Maheswaran has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Semtech investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Micron Technology (MU), Accenture (ACN), AutoZone (AZO), Charles Schwab (SCHW), Bank of the Ozarks (OZRK) and Vicor (VICR).

Semtech trades on the NASDAQ under the ticker symbol "SMTC."

Shares of SMTC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SMTC stock can currently be purchased for approximately $26.04.

Semtech (NASDAQ:SMTC) has a market capitalization of $1.67 billion and generates $756.53 million in revenue each year. The semiconductor company earns $61.38 million in net income (profit) each year or ($6.87) on an earnings per share basis.

The company employs 2,248 workers across the globe.

Semtech's mailing address is 200 FLYNN ROAD, CAMARILLO CA, 93012. The official website for the company is www.semtech.com. The semiconductor company can be reached via phone at (805) 498-2111, via email at webir@semtech.com, or via fax at 805-498-3804.