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 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.40 by $0.01. The semiconductor company earned $141 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 earnings per share. 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 earnings per share guidance of $0.33-0.39 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.39. The company issued revenue guidance of $130-140 million, compared to the consensus revenue estimate of $138.04 million.

11 equities research analysts have issued twelve-month target prices for Semtech's stock. Their forecasts range from $6.00 to $60.00. On average, they anticipate Semtech's share price to reach $48.45 in the next twelve months. This suggests that the stock has a possible downside of 7.0%. 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 articles about SMTC stock have been trending somewhat negative on Wednesday, InfoTrie Sentiment reports. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Semtech earned a daily sentiment score of -1.0 on InfoTrie's scale. They also assigned headlines about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact 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), Cree (CREE) and First Solar (FSLR).

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), Vicor (VICR), Accenture (ACN), Micron Technology (MU) and Belden (BDC).

Semtech's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Retirement Systems of Alabama (0.50%), California Public Employees Retirement System (0.33%), Scout Investments Inc. (0.32%), SG Americas Securities LLC (0.06%), Arizona State Retirement System (0.06%) and Genesee Capital Advisors LLC (0.05%). 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 Scout Investments Inc., Arizona State Retirement System, Dupont Capital Management Corp, State of Alaska Department of Revenue and Retirement Systems of Alabama. 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 California Public Employees Retirement System, SG Americas Securities LLC, Genesee Capital Advisors LLC, Cerebellum GP LLC, TRUE Private Wealth Advisors and State of Michigan Retirement System. 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 $52.10.

Semtech has a market capitalization of $3.45 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]