NASDAQ:SMTC - Semtech Stock Price, Forecast & News

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

Semtech Co. (NASDAQ:SMTC) announced its quarterly earnings data on Wednesday, December, 4th. The semiconductor company reported $0.41 EPS for the quarter, topping the Zacks' consensus estimate of $0.40 by $0.01. The semiconductor company earned $141 million during 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%. The company's quarterly revenue was down 18.8% on a year-over-year basis. During the same quarter last year, the company 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 (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 12 month price objectives for Semtech's stock. Their forecasts range from $6.00 to $60.00. On average, they expect Semtech's stock price to reach $48.45 in the next twelve months. This suggests a possible upside of 2.7% 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.

Headlines about SMTC stock have been trending somewhat negative recently, according to InfoTrie. The research group scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Semtech earned a news impact score of -1.8 on InfoTrie's scale. They also gave media coverage about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few 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), 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), Micron Technology (MU), Vicor (VICR), Accenture (ACN) and Belden (BDC).

Semtech's stock is owned by a number of of institutional and retail investors. Top institutional shareholders 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 purchased 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 $47.16.

Semtech has a market capitalization of $3.12 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]