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 equities research analysts have issued 1-year price targets for Semtech's shares. Their SMTC share price targets range from $25.00 to $45.00. On average, they predict the company's share price to reach $33.00 in the next year. This suggests a possible upside of 67.6% 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 31.4% and is now trading at $19.69.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 3rd 2024.
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Semtech Co. (NASDAQ:SMTC) issued its quarterly earnings results on Wednesday, December, 6th. The semiconductor company reported $0.02 EPS for the quarter, topping analysts' consensus estimates of ($0.15) by $0.17. The semiconductor company earned $200.90 million during the quarter, compared to analyst estimates of $200.55 million. Semtech had a positive trailing twelve-month return on equity of 2.94% and a negative net margin of 53.62%. Semtech's quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the business posted $0.60 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 fourth quarter earnings guidance on Wednesday, December, 6th. The company provided earnings per share (EPS) guidance of $(0.11)-0.01 for the period, compared to the consensus estimate of ($0.07). The company issued revenue guidance of $180-200 million, compared to the consensus revenue estimate of $207.17 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 institutional and retail investors. Top institutional investors 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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