NASDAQ:SMTC - Semtech Stock Price, Forecast & News

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

Semtech Co. (NASDAQ:SMTC) announced its earnings results on Wednesday, December, 4th. The semiconductor company reported $0.41 earnings per share 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 analyst estimates of $140.15 million. Semtech had a net margin of 8.71% and a return on equity of 10.64%. Semtech's revenue was down 18.8% compared to the same quarter last year. During the same quarter last year, the firm posted $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 analysts have issued 1 year price objectives for Semtech's shares. Their forecasts range from $6.00 to $60.00. On average, they anticipate Semtech's stock price to reach $48.45 in the next year. This suggests that the stock has a possible downside of 7.8%. 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 stories about SMTC stock have been trending somewhat negative recently, InfoTrie reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. 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 news sentiment score of -1.0 on InfoTrie's scale. They also assigned media stories about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely 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 in 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 trading volume of 403,900 shares, the days-to-cover ratio is currently 3.5 days. Currently, 2.1% of the shares of the stock are short sold. 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), 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), Belden (BDC) and Charles Schwab (SCHW).

Semtech's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Scout Investments Inc. (0.32%), Genesee Capital Advisors LLC (0.05%), State of Michigan Retirement System (0.03%), 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 acquired by a variety of institutional investors in the last quarter, including Genesee Capital Advisors LLC, Cerebellum GP LLC 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 $52.58.

Semtech has a market capitalization of $3.48 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]