Semtech (SMTC) Stock Price, News & Analysis

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 analysts have issued 1-year price objectives for Semtech's stock. Their SMTC share price targets range from $22.00 to $45.00. On average, they anticipate the company's share price to reach $32.20 in the next twelve months. This suggests a possible upside of 60.7% 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 30.1% and is now trading at $20.04.
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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) posted its quarterly earnings data on Wednesday, December, 6th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.17. The semiconductor company earned $200.90 million during the quarter, compared to analysts' expectations of $200.55 million. Semtech had a negative trailing twelve-month return on equity of 4.10% and a negative net margin of 59.37%. The business's revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the firm 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 updated its fourth quarter earnings guidance on Wednesday, December, 6th. The company provided 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 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, Charles B Ammann, Christopher H Chang, Emeka Chukwu, 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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