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 brokerages have issued 12-month price targets for Semtech's stock. Their SMTC share price forecasts range from $30.00 to $49.00. On average, they anticipate the company's share price to reach $35.85 in the next year. This suggests a possible upside of 42.0% 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 shares have decreased by 12.0% and is now trading at $25.24.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
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Semtech Co. (NASDAQ:SMTC) posted its quarterly earnings data on Wednesday, September, 13th. The semiconductor company reported $0.11 EPS 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 analysts' expectations 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 business's revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company 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 2024 earnings guidance on Wednesday, September, 13th. The company provided EPS guidance of -$0.22--$0.09 for the period, compared to the consensus earnings per share 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."

Semtech's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.37%), State Street Corp (6.85%), Capital Research Global Investors (6.26%), Dimensional Fund Advisors LP (2.26%), Geode Capital Management LLC (2.20%) and Fisher Asset Management LLC (1.96%). 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, 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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One share of SMTC stock can currently be purchased for approximately $25.24.

Semtech (NASDAQ:SMTC) has a market capitalization of $1.62 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.