Semtech - SMTC Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Semtech in the last twelve months. There are currently 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SMTC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SMTC, but not buy additional shares or sell existing shares.
View SMTC analyst ratings or view top-rated stocks.

10 equities research analysts have issued twelve-month price targets for Semtech's shares. Their SMTC share price forecasts range from $32.00 to $85.00. On average, they expect the company's share price to reach $49.08 in the next year. This suggests a possible upside of 44.4% from the stock's current price.
View analysts price targets for SMTC or view top-rated stocks among Wall Street analysts.

Semtech's stock was trading at $28.69 on January 1st, 2023. Since then, SMTC shares have increased by 18.5% and is now trading at $33.99.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 15th 2023.
View our SMTC earnings forecast.

Semtech Co. (NASDAQ:SMTC) issued its quarterly earnings data on Wednesday, November, 30th. The semiconductor company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.14. The semiconductor company earned $177.62 million during the quarter, compared to the consensus estimate of $176.03 million. Semtech had a net margin of 18.88% and a trailing twelve-month return on equity of 21.15%.

Semtech issued an update on its fourth quarter 2023 earnings guidance on Friday, December, 30th. The company provided earnings per share (EPS) guidance of $0.44-$0.52 for the period, compared to the consensus estimate of $0.54. The company issued revenue guidance of $145.00 million-$155.00 million, compared to the consensus revenue estimate of $165.86 million.

66 employees have rated Semtech Chief Executive Officer Mohan R. Maheswaran on Glassdoor.com. Mohan R. Maheswaran has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Semtech investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Micron Technology (MU), Accenture (ACN), AutoZone (AZO), Charles Schwab (SCHW), Bank of the Ozarks (OZRK) and Vicor (VICR).

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

Semtech's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (2.03%), Assenagon Asset Management S.A. (1.91%), Allspring Global Investments Holdings LLC (1.08%), Rice Hall James & Associates LLC (0.93%), New York State Common Retirement Fund (0.39%) and Bank of Montreal Can (0.38%). Insiders that own company stock include Alisair Fulton, Alistair Fulton, Asaf Silberstein, Bruce C Edwards, Carmelo J Santoro, Charles B Ammann, Charles B Ammann, Christopher H Chang, Emeka Chukwu, Gary Beauchamp, James T Lindstrom, John Michael Wilson, Mark C Costello, Michael W Rodensky, Mohan Maheswaran, Norris B Powell, Rockell N Hankin, Sharon K Faltemier, Sylvia Summers and Ye Jane Li.
View institutional ownership trends.

Shares of SMTC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of SMTC stock can currently be purchased for approximately $33.99.

Semtech (NASDAQ:SMTC) has a market capitalization of $2.17 billion and generates $740.86 million in revenue each year. The semiconductor company earns $125.66 million in net income (profit) each year or $2.29 on an earnings per share basis.

The company employs 1,439 workers across the globe.

Semtech's mailing address is 200 FLYNN ROAD, CAMARILLO CA, 93012. The official website for the company is www.semtech.com. The semiconductor company can be reached via phone at (805) 498-2111, via email at webir@semtech.com, or via fax at 805-498-3804.