Semtech - SMTC Stock Forecast, Price & News

10 Wall Street 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 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.
View SMTC analyst ratings or view top-rated stocks.

10 brokers have issued twelve-month target prices for Semtech's shares. Their SMTC share price forecasts range from $32.00 to $85.00. On average, they predict the company's stock price to reach $49.08 in the next twelve months. This suggests a possible upside of 71.1% from the stock's current price.
View analysts price targets for SMTC or view top-rated stocks among Wall Street analysts.

Semtech's stock was trading at $88.93 at the start of the year. Since then, SMTC stock has decreased by 67.7% and is now trading at $28.69.
View the best growth stocks for 2022 here.

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

Semtech updated its fourth quarter earnings guidance on Wednesday, November, 30th. The company provided earnings per share guidance of $0.44-$0.52 for the period, compared to the consensus estimate of $0.53. The company issued revenue guidance of $145-$155 million, compared to the consensus revenue estimate of $165.65 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."

Semtech's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (13.75%), Vanguard Group Inc. (10.35%), State Street Corp (4.68%), Bank of New York Mellon Corp (3.96%), Federated Hermes Inc. (2.49%) and Macquarie Group Ltd. (2.25%). 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 P Burra, James T Lindstrom, John Michael Wilson, Mark C Costello, Michael W Rodensky, Mohan Maheswaran, Norris B Powell, Rockell N Hankin, Sharon K Faltemier, Sylvia Summers and Ye Jane Li.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of SMTC stock can currently be purchased for approximately $28.69.

Semtech (NASDAQ:SMTC) has a market capitalization of $1.83 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.