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.

Analyst Upgrades and Downgrades

SMTC has been the topic of several research reports. B. Riley downgraded shares of Semtech from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $87.00 to $65.00 in a research note on Wednesday, June 15th. Susquehanna Bancshares dropped their price target on Semtech from $75.00 to $72.00 and set a "neutral" rating for the company in a research report on Wednesday, June 1st. Needham & Company LLC downgraded Semtech to a "hold" rating in a research report on Tuesday. StockNews.com upgraded Semtech from a "buy" rating to a "strong-buy" rating in a report on Thursday, July 14th. Finally, Susquehanna reduced their price target on Semtech from $75.00 to $72.00 and set a "hold" rating on the stock in a report on Wednesday, June 1st. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $78.64.

Semtech Price Performance

Semtech stock opened at $52.43 on Friday. The company's 50 day simple moving average is $56.11 and its 200-day simple moving average is $62.20. 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 has a 1 year low of $49.91 and a 1 year high of $94.92. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 1.28 and a beta of 1.53.

Semtech (NASDAQ:SMTC - Get Rating) last posted its earnings results on Wednesday, June 1st. The semiconductor company reported $0.67 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $199.98 million. During the same quarter last year, the firm earned $0.38 EPS. The firm's revenue for the quarter was up 18.6% on a year-over-year basis. As a group, equities research analysts expect that Semtech will post 2.75 earnings per share for the current year.

Insider Buying and Selling

In other Semtech news, EVP Asaf Silberstein sold 1,971 shares of the stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $62.60, for a total value of $123,384.60. Following the transaction, the executive vice president now directly owns 59,000 shares in the company, valued at $3,693,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by insiders.