Semtech - SMTC Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Semtech in the last year. There are currently 7 hold ratings and 3 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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10 analysts have issued 12 month price targets for Semtech's shares. Their SMTC share price forecasts range from $34.00 to $95.00. On average, they expect the company's stock price to reach $63.42 in the next twelve months. This suggests a possible upside of 117.0% from the stock's current price.
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Semtech's stock was trading at $88.93 at the beginning of 2022. Since then, SMTC stock has decreased by 67.1% and is now trading at $29.23.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 7th 2022.
View our SMTC earnings forecast.

Semtech Co. (NASDAQ:SMTC) released its earnings results on Wednesday, August, 31st. The semiconductor company reported $0.71 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.03. The semiconductor company earned $209.25 million during the quarter, compared to the consensus estimate of $208.29 million. Semtech had a trailing twelve-month return on equity of 21.18% and a net margin of 19.94%. The firm's revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 EPS.

Semtech issued an update on its third quarter 2023 earnings guidance on Wednesday, September, 28th. The company provided earnings per share guidance of $0.60-$0.66 for the period, compared to the consensus earnings per share estimate of $0.69. The company issued revenue guidance of $170.00 million-$180.00 million, compared to the consensus revenue estimate of $215.61 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), APA (APA), 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."

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 $29.23.

Semtech (NASDAQ:SMTC) has a market capitalization of $1.86 billion and generates $740.86 million in revenue each year. The semiconductor company earns $125.66 million in net income (profit) each year or $2.46 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.