Semtech Stock Price, News & Analysis (NASDAQ:SMTC)

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Semtech in the last year. There are currently 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SMTC shares.
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11 Wall Street research analysts have issued 1-year target prices for Semtech's shares. Their SMTC share price targets range from $25.00 to $49.00. On average, they predict the company's share price to reach $34.33 in the next twelve months. This suggests a possible upside of 109.3% from the stock's current price.
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Semtech's stock was trading at $28.69 at the start of the year. Since then, SMTC shares have decreased by 42.8% and is now trading at $16.40.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 6th 2023.
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Semtech will be holding an earnings conference call on Wednesday, December 6th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Semtech Co. (NASDAQ:SMTC) announced its quarterly earnings data on Wednesday, September, 13th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.09. The semiconductor company had revenue of $238.37 million for the quarter, compared to analyst estimates of $237.37 million. Semtech had a negative net margin of 53.62% and a positive trailing twelve-month return on equity of 2.94%. The firm's revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $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 updated its third quarter earnings guidance on Friday, October, 20th. The company provided EPS guidance of ($0.22)-(0.09) for the period, compared to the consensus EPS estimate of ($0.15). The company issued revenue guidance of $190-210 million, compared to the consensus revenue estimate of $200.55 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's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Ameriprise Financial Inc. (6.17%), Morgan Stanley (1.52%), Invesco Ltd. (1.48%), Portman Square Capital LLP (0.00%), Northern Trust Corp (1.27%) and Charles Schwab Investment Management Inc. (1.22%). 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, John Michael Wilson, Michael W Rodensky, Michael W Rodensky, Mohan Maheswaran, Norris B Powell, Paul V Walsh Jr and Ye Jane Li.
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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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