NASDAQ:SMTC - Semtech Stock Price, Forecast & News

Semtech trades on the NASDAQ under the ticker symbol "SMTC."

Semtech Co. (NASDAQ:SMTC) released its quarterly earnings results on Wednesday, December, 4th. The semiconductor company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.40 by $0.01. The semiconductor company had revenue of $141 million for the quarter, compared to analysts' expectations of $140.15 million. Semtech had a net margin of 8.71% and a return on equity of 10.64%. The business's revenue was down 18.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 EPS. View Semtech's Earnings History.

Semtech is scheduled to release their next quarterly earnings announcement on Wednesday, March 11th 2020. View Earnings Estimates for Semtech.

Semtech updated its fourth quarter earnings guidance on Wednesday, December, 4th. The company provided earnings per share guidance of $0.33-0.39 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.39. The company issued revenue guidance of $130-140 million, compared to the consensus revenue estimate of $138.04 million.

11 brokerages have issued 12-month target prices for Semtech's shares. Their forecasts range from $6.00 to $55.00. On average, they anticipate Semtech's stock price to reach $47.64 in the next twelve months. This suggests that the stock has a possible downside of 0.7%. View Analyst Price Targets for Semtech.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Semtech in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Semtech.

Headlines about SMTC stock have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Semtech earned a coverage optimism score of 2.0 on InfoTrie's scale. They also assigned headlines about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Semtech.

Semtech saw a decrease in short interest in November. As of November 15th, there was short interest totalling 1,670,000 shares, a decrease of 9.2% from the October 31st total of 1,840,000 shares. Based on an average daily volume of 473,700 shares, the short-interest ratio is currently 3.5 days. Approximately 2.6% of the shares of the stock are sold short. View Semtech's Current Options Chain.

Some companies that are related to Semtech include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Marvell Technology Group (MRVL), Maxim Integrated Products (MXIM), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), First Solar (FSLR) and Cree (CREE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Semtech investors own include Endologix (ELGX), Apache (APA), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Bank Of The Ozarks (OZRK), AutoZone (AZO), Accenture (ACN), Vicor (VICR), Charles Schwab (SCHW) and Belden (BDC).

Semtech's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include State Street Corp (3.48%), Fisher Asset Management LLC (2.42%), Stephens Investment Management Group LLC (1.68%), Rice Hall James & Associates LLC (1.60%), Voya Investment Management LLC (1.25%) and Retirement Systems of Alabama (0.50%). Company insiders that own Semtech stock include Alisair Fulton, Asaf Silberstein, Carmelo J Santoro, Charles B Ammann, Christopher H Chang, Emeka Chukwu, Gary Beauchamp, Glen M Antle, James Jungsup Kim, James T Lindstrom, John Michael Wilson, Marc Pegulu, Mark C Costello, Mohan Maheswaran, Rockell N Hankin, Sharon K Faltemier, Simon A Brown, Sylvia Summers and Ye Jane Li. View Institutional Ownership Trends for Semtech.

SMTC stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Voya Investment Management LLC, State Street Corp, Squarepoint Ops LLC, Scout Investments Inc., Rice Hall James & Associates LLC, SG Americas Securities LLC and Barclays PLC. Company insiders that have sold Semtech company stock in the last year include Alisair Fulton, Asaf Silberstein, Carmelo J Santoro, Charles B Ammann, Christopher H Chang, Emeka Chukwu, Gary Beauchamp, James Jungsup Kim, James T Lindstrom, John Michael Wilson, Mark C Costello, Mohan Maheswaran, Rockell N Hankin, Sharon K Faltemier, Sylvia Summers and Ye Jane Li. View Insider Buying and Selling for Semtech.

SMTC stock was purchased by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Retirement Systems of Alabama, Man Group plc, State of New Jersey Common Pension Fund D, California Public Employees Retirement System, Kornitzer Capital Management Inc. KS, Bridge City Capital LLC and State of Alaska Department of Revenue. View Insider Buying and Selling for Semtech.

Shares of SMTC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of SMTC stock can currently be purchased for approximately $47.99.

Semtech has a market capitalization of $3.18 billion and generates $627.20 million in revenue each year. The semiconductor company earns $63.06 million in net income (profit) each year or $1.33 on an earnings per share basis. Semtech employs 1,335 workers across the globe.View Additional Information About Semtech.

The official website for Semtech is http://www.semtech.com/.

Semtech's mailing address is 200 FLYNN ROAD, CAMARILLO CA, 93012. The semiconductor company can be reached via phone at 805-498-2111 or via email at [email protected]