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

$19.49
+2.79 (+16.71%)
(As of 03:40 PM ET)
Compare
Today's Range
$18.03
$20.48
50-Day Range
$13.43
$26.04
52-Week Range
$13.13
$35.18
Volume
8.30 million shs
Average Volume
1.64 million shs
Market Capitalization
$1.25 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$34.60

Semtech MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
67.6% Upside
$33.00 Price Target
Short Interest
Healthy
21.37% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.71
Upright™ Environmental Score
News Sentiment
0.37mentions of Semtech in the last 14 days
Based on 14 Articles This Week
Insider Trading
Acquiring Shares
$496,600 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.71) to ($0.02) Per Share

Overall MarketRank

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

2.41 out of 5 stars

Computer And Technology Sector

163rd out of 589 stocks

Semiconductors & Related Devices Industry

24th out of 76 stocks


SMTC stock logo

About Semtech Stock (NASDAQ:SMTC)

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications. The company offers protection products, such as filter and termination devices that are integrated with the transient voltage suppressor devices, which protect electronic systems from voltage spikes; and sensing products comprising a portfolio of specialized radio frequency products used in various industrial, medical, and communications applications, as well as specialized sensing products used in industrial and consumer applications. In addition, it provides switching voltage regulators, combination switching and linear regulators, smart regulators, isolated switches, and wireless charging related products. The company serves original equipment manufacturers and industrial end-markets. It sells its products directly, as well as through independent sales representative firms and independent distributors in Asia- Pacific, North America, and Europe. The company was incorporated in 1960 and is headquartered in Camarillo, California.

SMTC Stock Price History

SMTC Stock News Headlines

JetBlue Airways, Semtech rise; Duckhorn, Chewy fall, Thursday, 12/7/2023
Stocks that are trading heavily or have substantial price changes on Thursday: JetBlue Airways, Semtech rise; Duckhorn, Chewy fall
The Battery Metal Nobody Told You About
According to McKinsey and Company, the battery storage market is growing rapidly, especially with the transition to clean, renewable energy. Lithium-ion batteries still grab most of the headlines. But analysts now call safe and long-lasting batteries made with vanadium "the future of battery tech."
Why Are Semtech (SMTC) Shares Soaring Today
Semtech Rallies After Q3 Profit Beats Street View
Semtech: Fiscal Q3 Earnings Snapshot
The Battery Metal Nobody Told You About
According to McKinsey and Company, the battery storage market is growing rapidly, especially with the transition to clean, renewable energy. Lithium-ion batteries still grab most of the headlines. But analysts now call safe and long-lasting batteries made with vanadium "the future of battery tech."
Semtech Corp (SMTC) Reports Q3 Fiscal Year 2024 Earnings
Earnings Outlook For Semtech
Stifel Nicolaus Reaffirms Their Buy Rating on Semtech (SMTC)
Semtech (SMTC) Scheduled to Post Quarterly Earnings on Wednesday
Sizing Up Semtech Corporation
Benchmark Upgrades Semtech (SMTC)
See More Headlines
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Company Calendar

Last Earnings
12/06/2023
Today
12/07/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:SMTC
CUSIP
81685010
Employees
2,248
Year Founded
1960

Price Target and Rating

Average Stock Price Target
$34.60
High Stock Price Target
$49.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+107.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
11 Analysts

Profitability

Net Income
$61.38 million
Pretax Margin
-47.34%

Debt

Sales & Book Value

Annual Sales
$820.04 million
Cash Flow
$2.74 per share
Book Value
$11.84 per share

Miscellaneous

Free Float
63,400,000
Market Cap
$1.07 billion
Optionable
Optionable
Beta
1.72

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SMTC Stock Analysis - Frequently Asked Questions

Should I buy or sell Semtech stock right now?

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.
View SMTC analyst ratings
or view top-rated stocks.

What is Semtech's stock price target for 2024?

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.
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 2023. Since then, SMTC shares have decreased by 31.4% and is now trading at $19.69.
View the best growth stocks for 2023 here
.

When is Semtech's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 3rd 2024.
View our SMTC earnings forecast
.

How were Semtech's earnings last quarter?

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.

What guidance has Semtech issued on next quarter's earnings?

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.

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).

Who are Semtech's major shareholders?

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.
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.

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
This page (NASDAQ:SMTC) was last updated on 12/7/2023 by MarketBeat.com Staff

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