NASDAQ:SMTC - Semtech Stock Price, Forecast & News

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

Semtech Co. (NASDAQ:SMTC) issued its quarterly earnings data on Wednesday, December, 4th. The semiconductor company reported $0.41 EPS for the quarter, beating the 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 net margin of 8.71% and a return on equity of 10.64%. Semtech's revenue for the quarter was down 18.8% on a year-over-year basis. During the same quarter in the previous year, the company 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 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 Wall Street analysts have issued 1 year price targets for Semtech's stock. Their forecasts range from $6.00 to $60.00. On average, they expect Semtech's share price to reach $48.09 in the next year. This suggests that the stock has a possible downside of 11.6%. 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.

Media coverage about SMTC stock has been trending somewhat negative on Wednesday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing 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 media sentiment score of -1.5 on InfoTrie's scale. They also assigned headlines 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 stock's share price in the near term. View News Stories for Semtech.

Semtech saw a increase in short interest during the month of December. As of December 13th, there was short interest totalling 1,400,000 shares, an increase of 12.0% from the November 28th total of 1,250,000 shares. Based on an average daily volume of 403,900 shares, the days-to-cover ratio is presently 3.5 days. Currently, 2.1% 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), Texas Instruments (TXN), Broadcom (AVGO), 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), Vicor (VICR), Accenture (ACN), Belden (BDC) and Charles Schwab (SCHW).

Semtech's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Scout Investments Inc. (0.32%), Genesee Capital Advisors LLC (0.05%), State of Alaska Department of Revenue (0.02%) and Cerebellum GP LLC (0.02%). 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. and State of Alaska Department of Revenue. 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 Genesee Capital Advisors LLC and Cerebellum GP LLC. 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 $54.40.

Semtech has a market capitalization of $3.60 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]