Semtech - SMTC Stock Forecast, Price & News

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 also 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 wireless 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 power products consisting of switching voltage regulators, combination switching and linear regulators, smart regulators, isolated switches, and wireless charging that control, alter, regulate, and condition the power within electronic systems. The company serves original equipment manufacturers and their suppliers in the enterprise computing, communications, and consumer and industrial end-markets. It sells its products directly, as well as through independent sales representative firms and independent distributors in North America, Europe, Asia- Pacific, and internationally. The company was incorporated in 1960 and is headquartered in Camarillo, California.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. StockNews.com raised Semtech from a "buy" rating to a "strong-buy" rating in a research report on Thursday, July 14th. Cowen cut their price target on Semtech to $85.00 in a report on Friday, June 3rd. Needham & Company LLC lowered Semtech from a "buy" rating to a "hold" rating in a research note on Wednesday. Oppenheimer lowered their price objective on Semtech from $100.00 to $85.00 in a research note on Thursday, May 26th. Finally, B. Riley lowered Semtech from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $87.00 to $65.00 in a research note on Wednesday, June 15th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $78.64.

Semtech Trading Down 0.8 %

SMTC traded down $0.47 during mid-day trading on Friday, reaching $55.74. The stock had a trading volume of 679,187 shares, compared to its average volume of 615,640. The stock has a market capitalization of $3.54 billion, a P/E ratio of 25.93, a P/E/G ratio of 1.35 and a beta of 1.53. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.52 and a current ratio of 4.49. The firm's fifty day simple moving average is $57.03 and its two-hundred day simple moving average is $62.64. Semtech has a 52 week low of $49.91 and a 52 week high of $94.92.

Semtech (NASDAQ:SMTC - Get Rating) last posted its quarterly earnings results on Wednesday, June 1st. The semiconductor company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.07. The company had revenue of $202.10 million for the quarter, compared to the consensus estimate of $199.98 million. Semtech had a return on equity of 20.24% and a net margin of 18.15%. The firm's quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.38 EPS. On average, equities analysts predict that Semtech will post 2.75 EPS for the current year.

Insider Activity

In related news, EVP Asaf Silberstein sold 1,971 shares of the firm's stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $62.60, for a total transaction of $123,384.60. Following the sale, the executive vice president now owns 59,000 shares of the company's stock, valued at approximately $3,693,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is currently owned by company insiders.