Semtech - SMTC Stock Forecast, Price & News

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications. The company also offers protection products, such as filter and termination devices that are integrated with the transient voltage suppressor devices, which protect electronic systems from voltage spikes; and wireless and sensing products comprising a portfolio of specialized radio frequency products used in various industrial, medical, and communications applications, as well as specialized sensing products used in industrial and consumer applications. In addition, it provides power products consisting of switching voltage regulators, combination switching and linear regulators, smart regulators, isolated switches, and wireless charging that control, alter, regulate, and condition the power within electronic systems. The company serves original equipment manufacturers and their suppliers in the enterprise computing, communications, and consumer and industrial end-markets. It sells its products directly, as well as through independent sales representative firms and independent distributors in North America, Europe, Asia- Pacific, and internationally. The company was incorporated in 1960 and is headquartered in Camarillo, California.

Semtech Stock Performance

Shares of SMTC Stock traded up $1.42 during trading hours on Thursday, reaching $52.67. The company had a trading volume of 1,674,349 shares, compared to its average volume of 660,459. The business has a fifty day moving average price of $56.34 and a 200-day moving average price of $62.36. Semtech has a one year low of $49.91 and a one year high of $94.92. The firm has a market cap of $3.34 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 1.24 and a beta of 1.53. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.52 and a current ratio of 4.49.

Semtech (NASDAQ:SMTC - Get Rating) last announced its quarterly earnings results on Wednesday, June 1st. The semiconductor company reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.07. Semtech had a net margin of 18.15% and a return on equity of 20.24%. The firm had revenue of $202.10 million during the quarter, compared to analyst estimates of $199.98 million. During the same period in the previous year, the business posted $0.38 earnings per share. The business's revenue for the quarter was up 18.6% on a year-over-year basis. Sell-side analysts predict that Semtech will post 2.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Oppenheimer dropped their target price on shares of Semtech from $100.00 to $85.00 in a research report on Thursday, May 26th. Benchmark reissued an "initiates" rating on shares of Semtech in a research report on Thursday, July 28th. Needham & Company LLC cut shares of Semtech to a "hold" rating in a research report on Tuesday. StockNews.com raised shares of Semtech from a "buy" rating to a "strong-buy" rating in a research report on Thursday, July 14th. Finally, Cowen lowered their price target on shares of Semtech to $85.00 in a research report on Friday, June 3rd. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $78.64.

Insider Activity at Semtech

In related news, EVP Asaf Silberstein sold 1,971 shares of the business's stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $62.60, for a total transaction of $123,384.60. Following the completion of the sale, the executive vice president now directly owns 59,000 shares in the company, valued at $3,693,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by company insiders.