Semtech - SMTC Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Semtech in the last year. There are currently 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities 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.
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11 analysts have issued twelve-month price objectives for Semtech's stock. Their SMTC share price forecasts range from $30.00 to $85.00. On average, they anticipate the company's stock price to reach $46.27 in the next year. This suggests a possible upside of 91.7% from the stock's current price.
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Semtech's stock was trading at $28.69 at the beginning of 2023. Since then, SMTC stock has decreased by 15.9% and is now trading at $24.14.
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Semtech saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 8,280,000 shares, an increase of 39.4% from the February 28th total of 5,940,000 shares. Based on an average trading volume of 939,000 shares, the days-to-cover ratio is presently 8.8 days. Currently, 13.1% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023.
View our SMTC earnings forecast.

Semtech Co. (NASDAQ:SMTC) released its quarterly earnings results on Wednesday, December, 1st. The semiconductor company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.02. The semiconductor company earned $194.93 million during the quarter, compared to analyst estimates of $192.92 million. Semtech had a trailing twelve-month return on equity of 21.15% and a net margin of 18.88%. During the same quarter in the prior year, the business earned $0.31 EPS.

ETFs with the largest weight of Semtech (NASDAQ:SMTC) stock in their portfolio include SPDR S&P Semiconductor ETF (XSD), Invesco S&P SmallCap Information Technology ETF (PSCT), Pacer US Small Cap Cash Cows 100 ETF (CALF), Columbia Seligman Semiconductor and Technology ETF (SEMI), Invesco Nasdaq Future Gen 200 ETF (QQQS), iShares S&P Small-Cap 600 Value ETF (IJS), SPDR S&P 600 Small CapValue ETF (SLYV) and Vanguard S&P Small-Cap 600 Value ETF (VIOV).

Semtech issued an update on its first quarter 2024 earnings guidance on Wednesday, March, 29th. The company provided earnings per share guidance of -$0.11--$0.04 for the period, compared to the consensus estimate of $0.43. The company issued revenue guidance of $230.00 million-$240.00 million, compared to the consensus revenue estimate of $148.81 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 JPMorgan Chase & Co. (5.86%), Morgan Stanley (3.02%), AQR Capital Management LLC (2.67%), Macquarie Group Ltd. (2.28%), Geode Capital Management LLC (2.07%) and Fisher Asset Management LLC (2.03%). 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, Sharon K Faltemier, Sylvia Summers and Ye Jane Li.
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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.
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One share of SMTC stock can currently be purchased for approximately $24.14.

Semtech (NASDAQ:SMTC) has a market capitalization of $1.54 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.