NASDAQ:SMTC - Semtech Stock Price, Forecast & News

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

Semtech Co. (NASDAQ:SMTC) posted its quarterly earnings data on Wednesday, December, 4th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. The semiconductor company had revenue of $141 million for the quarter, compared to the consensus estimate of $140.15 million. Semtech had a return on equity of 10.64% and a net margin of 8.71%. Semtech's revenue for the quarter was down 18.8% compared to the same quarter last year. During the same period in the previous year, the business 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 issued an update on its fourth quarter earnings guidance on Wednesday, December, 4th. The company provided EPS 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 1-year price targets for Semtech's shares. Their forecasts range from $6.00 to $60.00. On average, they anticipate Semtech's share price to reach $48.45 in the next year. This suggests a possible upside of 15.8% from the stock's current price. 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.

News stories about SMTC stock have trended positive recently, according to InfoTrie. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Semtech earned a news sentiment score of 3.0 on InfoTrie's scale. They also assigned news articles about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Semtech.

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), Maxim Integrated Products (MXIM), Marvell Technology Group (MRVL), 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), Micron Technology (MU), Vicor (VICR), Accenture (ACN) and Belden (BDC).

Semtech's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Bank of New York Mellon Corp (4.67%), State Street Corp (3.59%), FMR LLC (3.03%), Rice Hall James & Associates LLC (1.56%), Geode Capital Management LLC (1.47%) and Goldman Sachs Group Inc. (1.41%). 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 P Burra, 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 FMR LLC, Goldman Sachs Group Inc., Renaissance Technologies LLC, William Blair Investment Management LLC, AQR Capital Management LLC, First Trust Advisors LP, Fiera Capital Corp and Lord Abbett & CO. LLC. 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 P Burra, 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 acquired by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Schroder Investment Management Group, Marshall Wace North America L.P., Geode Capital Management LLC, WCM Investment Management LLC, California Public Employees Retirement System, State Street Corp and UBS Group AG. 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 $41.83.

Semtech has a market capitalization of $2.77 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]