Semtech (SMTC) Stock Forecast, Price & News

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.
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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.
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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.
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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%.

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).

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.

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."

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.
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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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One share of SMTC stock can currently be purchased for approximately $22.43.

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.

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.