NASDAQ:SMTC

Semtech (SMTC) Stock Forecast, Price & News

$23.85

+1.42 (+6.33%)

(As of 10:15 AM ET)

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Today's Range: $23.77
▼
$27.37
50-Day Range: $18.09
▼
$25.25
52-Week Range: $17.82
▼
$65.51

Volume: 2.53 million shs
Average Volume: 1.40 million shs
Market Capitalization: $1.53 billion

P/E Ratio: 24.84
Dividend Yield: N/A
Price Target: $37.10

Semtech MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.55 Rating Score
Upside/Downside: 65.4% Upside
$37.10 Price Target
Short Interest: Bearish
12.78% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.71
Upright™ Environmental Score
News Sentiment: 0.38
Based on 18 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.15) to $0.99 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.34 out of 5 stars

Computer And Technology Sector

203rd out of 596 stocks

Semiconductors & Related Devices Industry

31st out of 87 stocks

4.3

Analyst's Opinion

Consensus Rating
Semtech has received a consensus rating of Buy. The company's average rating score is 2.55, and is based on 6 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $37.10, Semtech has a forecasted upside of 65.4% from its current price of $22.43.
Amount of Analyst Coverage
Semtech has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
12.78% of the float of Semtech has been sold short.
Short Interest Ratio / Days to Cover
Semtech has a short interest ratio ("days to cover") of 4.9.
Change versus previous month
Short interest in Semtech has recently increased by 0.87%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Semtech does not currently pay a dividend.
Dividend Growth
Semtech does not have a long track record of dividend growth.

1.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Semtech has received a -14.69% net impact score from Upright. Semtech uses resources or causes negative impacts mostly in categories "Scarce human capital", "GHG emissions", and "Scarce natural resources". The negative contribution in the "GHG emissions" impact category seems to be driven mostly by its "Digital integrated circuits", "Analog integrated circuits", and "Wireless connectivity module" products. See details.
Environmental Sustainability
The Environmental Impact score for Semtech is -1.71.

2.4

News and Social Media Coverage

News Sentiment
Semtech has a news sentiment score of 0.38. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.48 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 18 news articles for Semtech this week, compared to 5 articles on an average week.
Search Interest
Only 17 people have searched for SMTC on MarketBeat in the last 30 days. This is a decrease of -15% compared to the previous 30 days.
MarketBeat Follows
2 people have added Semtech to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Semtech insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.20% of the stock of Semtech is held by insiders.
Percentage Held by Institutions
96.32% of the stock of Semtech is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Semtech are expected to grow in the coming year, from ($0.15) to $0.99 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Semtech is 23.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.17.
Price to Earnings Ratio vs. Sector
The P/E ratio of Semtech is 23.36, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 308.33.
Price to Book Value per Share Ratio
Semtech has a P/B Ratio of 1.89. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Semtech (NASDAQ:SMTC) Stock

Semtech Corp. engages in the manufacture and supply of analog and mixed signal semiconductor products for high-end consumer, enterprise computing, communications, and industrial equipment. The firm operates through the following business segments: Protection, Signal Integrity, and Wireless & Sensing. It offers signal integrity, protection, wireless and sensing, and power and high-reliability products. The company was founded in 1960 and is headquartered in Camarillo, CA.

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SMTC Stock News Headlines

June 8, 2023 | seekingalpha.com

Semtech Earnings: Sees Signs Of Business Stabilization, Covenants Renegotiated

June 8, 2023 | msn.com

Semtech stock rallies more than 10% after surprise profit

June 8, 2023 | Edge On The Street (Ad)

Graphite Shortage Could Derail the $7 Trillion EV Transition

Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.

June 7, 2023 | msn.com

Semtech: Q1 Earnings Insights

June 7, 2023 | markets.businessinsider.com

Semtech Q1 Earnings, Revenue Top Estimates

June 7, 2023 | markets.businessinsider.com

Why Semtech Stock Is Surging After Hours

June 6, 2023 | msn.com

Semtech Q1 2024 Earnings Preview

June 6, 2023 | msn.com

Semtech's Earnings Outlook

June 8, 2023 | Edge On The Street (Ad)

New "Mined in America" Lithium Opportunities?

The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.

June 6, 2023 | theglobeandmail.com

Semtech (SMTC) Reports Q1: Everything You Need To Know Ahead Of Earnings

June 5, 2023 | americanbankingnews.com

Semtech (SMTC) Scheduled to Post Quarterly Earnings on Wednesday

June 3, 2023 | americanbankingnews.com

Semtech (NASDAQ:SMTC) Price Target Lowered to $25.00 at Susquehanna

June 2, 2023 | msn.com

Susquehanna Maintains Semtech (SMTC) Neutral Recommendation

June 1, 2023 | msn.com

Analyst Ratings for Semtech

May 31, 2023 | benzinga.com

Semtech Releases New Surge Protection Product to Safeguard Electronics

May 31, 2023 | finance.yahoo.com

Syntiant Strengthens Advisory Board with Four New Members

May 30, 2023 | finance.yahoo.com

Semtech Empowers Future Growth With Industry Trailblazer Paul H. Pickle As President And Chief Executive Officer

May 29, 2023 | americanbankingnews.com

Semtech Co. (NASDAQ:SMTC) Given Average Rating of "Hold" by Analysts

May 24, 2023 | finance.yahoo.com

Semtech Announces Conference Call to Review First Quarter of Fiscal Year 2024 Financial Results

May 22, 2023 | americanbankingnews.com

Semtech (NASDAQ:SMTC) Coverage Initiated at StockNews.com

May 15, 2023 | msn.com

Semtech's (SMTC) New Deal Boosts LoRa Technology Adoption

May 11, 2023 | finance.yahoo.com

Semtech’s LoRa® Chip-to-Cloud Platform Enables Sustainable Farming in Malaysia

May 4, 2023 | americanbankingnews.com

Semtech Co. (NASDAQ:SMTC) Receives $37.60 Average Price Target from Analysts

May 3, 2023 | finance.yahoo.com

Semtech Releases Inaugural Corporate Sustainability Report

April 29, 2023 | americanbankingnews.com

Semtech (NASDAQ:SMTC) Hits New 12-Month Low at $19.83

April 28, 2023 | finance.yahoo.com

Why Is Semtech (SMTC) Down 21.5% Since Last Earnings Report?

April 26, 2023 | finance.yahoo.com

Semtech and Connected Development Launch new LoRa®-Based IoT Development Board and Reference Design

See More Headlines

SMTC Price History

30 days | 90 days | 365 days | Advanced Chart

SMTC Company Calendar

Last Earnings: 3/29/2023
Today: 6/08/2023
Fiscal Year End: 1/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Semiconductors & related devices
Sub-Industry: Semiconductors
Sector: Computer and Technology
Current Symbol: NASDAQ:SMTC
CUSIP: 81685010
CIK: 88941
Web: www.semtech.com
Phone: (805) 498-2111
Fax: 805-498-3804
Employees: 2,248
Year Founded: 1960

Price Target and Rating

Average Stock Price Forecast: $37.10
High Stock Price Forecast: $52.00
Low Stock Price Forecast: $25.00
Forecasted Upside/Downside: +65.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.55
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.96
Trailing P/E Ratio: 23.36
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $61.38 million
Net Margins: 8.11%
Pretax Margin: 10.37%
Return on Equity: 15.24%
Return on Assets: 7.40%

Debt

Debt-to-Equity Ratio: 1.72
Current Ratio: 1.82
Quick Ratio: 1.30

Sales & Book Value

Annual Sales: $756.53 million
Price / Sales: 1.90
Cash Flow: $2.82 per share
Price / Cash Flow: 7.94
Book Value: $11.84 per share
Price / Book: 1.89

Miscellaneous

Outstanding Shares: 63,960,000
Free Float: 63,191,000
Market Cap: $1.43 billion
Optionable: Optionable
Beta: 1.67

Social Links

Key Executives

Mohan R. Maheswaran
President, Chief Executive Officer & Director

Asaf Silberstein
Chief Operating Officer & Executive Vice President

Emeka N. Chukwu
Chief Financial Officer & Executive Vice President

Francois Tremblay
Chief Technical Officer & VP-Design Engineering

Gary M. Beauchamp
Executive VP & GM-Signal Integrity Product Group

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

SMTC Stock - Frequently Asked Questions

Should I buy or sell Semtech stock right now?: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Semtech in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SMTC shares.
View SMTC analyst ratings or view top-rated stocks.
What is Semtech's stock price forecast for 2023?: 11 brokerages have issued 12-month target prices for Semtech's shares. Their SMTC share price forecasts range from $25.00 to $52.00. On average, they expect the company's stock price to reach $37.10 in the next year. This suggests a possible upside of 65.4% from the stock's current price.
View analysts price targets for SMTC or view top-rated stocks among Wall Street analysts.
How have SMTC shares performed in 2023?: Semtech's stock was trading at $28.69 at the beginning of the year. Since then, SMTC stock has decreased by 21.8% and is now trading at $22.43.
View the best growth stocks for 2023 here.
How were Semtech's earnings last quarter?: Semtech Co. (NASDAQ:SMTC) announced its quarterly earnings data on Wednesday, March, 29th. The semiconductor company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.34 by $0.48. The semiconductor company had revenue of $167.51 million for the quarter, compared to analyst estimates of $150.06 million. Semtech had a trailing twelve-month return on equity of 15.24% and a net margin of 8.11%.
What ETFs hold Semtech's stock?: ETFs with the largest weight of Semtech (NASDAQ:SMTC) stock in their portfolio include SPDR S&P Semiconductor ETF (XSD), Invesco S&P SmallCap Information Technology ETF (PSCT), Columbia Seligman Semiconductor and Technology ETF (SEMI), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco Nasdaq Future Gen 200 ETF (QQQS), Vanguard S&P Small-Cap 600 Value ETF (VIOV), Principal U.S. Small-Cap Multi-Factor ETF (PSC) and SPDR S&P 600 Small CapValue ETF (SLYV).
What guidance has Semtech issued on next quarter's earnings?: Semtech issued an update on its second quarter 2024 earnings guidance on Wednesday, June, 7th. The company provided earnings per share (EPS) guidance of -$0.02-$0.06 for the period, compared to the consensus estimate of -$0.02. The company issued revenue guidance of $233.00 million-$243.00 million, compared to the consensus revenue estimate of $242.66 million.
What is Mohan R. Maheswaran's approval rating as Semtech's CEO?: 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.
What other stocks do shareholders of Semtech own?: 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).

What is Semtech's stock symbol?: Semtech trades on the NASDAQ under the ticker symbol "SMTC."
Who are Semtech's major shareholders?: Semtech's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (18.90%), State Street Corp (5.90%), Federated Hermes Inc. (3.78%), Bank of New York Mellon Corp (3.58%), Macquarie Group Ltd. (3.41%) and Macquarie Group Ltd. (3.41%). Insiders that own company stock include Alisair Fulton, Alistair Fulton, Asaf Silberstein, Bruce C Edwards, Charles B Ammann, Christopher H Chang, Emeka Chukwu, Gary Beauchamp, James T Lindstrom, John Michael Wilson, Michael W Rodensky, Mohan Maheswaran, Norris B Powell, Sharon K Faltemier, Sylvia Summers and Ye Jane Li.
View institutional ownership trends.
How do I buy shares of Semtech?: 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.
Compare Top Brokerages Here.
What is Semtech's stock price today?: One share of SMTC stock can currently be purchased for approximately $22.43.
How much money does Semtech make?: Semtech (NASDAQ:SMTC) has a market capitalization of $1.43 billion and generates $756.53 million in revenue each year. The semiconductor company earns $61.38 million in net income (profit) each year or $0.96 on an earnings per share basis.
How many employees does Semtech have?: The company employs 2,248 workers across the globe.
Does Semtech have any subsidiaries?: The following companies are subsidiares of Semtech: AptoVision Technologies Inc., Cycleo, Enverv, Gennum Corporation, Gennum UK Limited (United Kingdom), IC Interconnect, Semtech (International) AG (Switzerland), Semtech Advanced Systems India Private Limited (India), Semtech Canada Corporation (Nova Scotia Canada), Semtech Colorado Inc. (Delaware), Semtech Corpus Christi Corporation (Texas), Semtech Corpus Christi S.A. de CV (Mexico), Semtech EMEA Limited (United Kingdom), Semtech EV Inc. (California), Semtech France SAS (France), Semtech Germany GmbH (Germany), Semtech Japan GK (Japan), Semtech Limited (United Kingdom), Semtech Netherlands BV (Netherlands), Semtech Neuchatel SARL (Switzerland), Semtech New York Corporation (Delaware), Semtech Quebec Inc. (Quebec Canada), Semtech San Diego Corporation (California), Semtech Semiconductor (Chengdu) Co. Ltd. (China), Semtech Semiconductor (Malaysia) Sdn Bhd (Malaysia), Semtech Semiconductor (Shanghai) Co. Ltd. (China), Semtech Semiconductor (Shenzhen) Company Limited (China), Semtech Semiconductor Holdings Limited (Hong Kong), Sierra Monolithics Inc., Sierra Monolithics Inc. (California), Snowbush Mexico S.A.P.I. de C.V. – 99.9% (Mexico), Trackio International AG, Triune IP LLC (Texas), Triune Systems L.L.C, Triune Systems L.L.C. (Texas), and XEMICS SA.
Read More
How can I contact Semtech?: 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.

This page (NASDAQ:SMTC) was last updated on 6/8/2023 by MarketBeat.com Staff

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