Semtech Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Semtech in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Semtech stock.
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8 brokerages have issued 12 month price targets for Semtech's shares. Their SMTC stock forecasts range from $55.00 to $95.00. On average, they predict Semtech's share price to reach $78.40 in the next twelve months. This suggests a possible upside of 50.9% 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 41.6% and is now trading at $51.97.
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Semtech is scheduled to release its next quarterly earnings announcement on Wednesday, September 7th 2022.
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Semtech Co. (NASDAQ:SMTC) announced its earnings results on Wednesday, June, 1st. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.04. The semiconductor company had revenue of $202.10 million for the quarter, compared to the consensus estimate of $199.98 million. Semtech had a net margin of 18.15% and a trailing twelve-month return on equity of 20.24%. Semtech's revenue was up 18.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 EPS.
View Semtech's earnings history.

Semtech updated its second quarter 2023 earnings guidance on Wednesday, June, 29th. The company provided earnings per share (EPS) guidance of $0.80-$0.90 for the period, compared to the consensus EPS estimate of $0.83. The company issued revenue guidance of $203.00 million-$213.00 million, compared to the consensus revenue estimate of $210.23 million.

66 employees have rated Semtech CEO Mohan R. Maheswaran on Glassdoor.com. Mohan R. Maheswaran has an approval rating of 85% among Semtech's employees.

Some companies that are related to Semtech include NVIDIA (NVDA), Broadcom (AVGO), Intel (INTC), Texas Instruments (TXN), Analog Devices (ADI), Micron Technology (MU), Marvell Technology (MRVL), Microchip Technology (MCHP), Monolithic Power Systems (MPWR), Skyworks Solutions (SWKS), First Solar (FSLR), Lattice Semiconductor (LSCC), Silicon Laboratories (SLAB), Altair Engineering (ALTR) and Power Integrations (POWI).
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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 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 $51.97.

Semtech (NASDAQ:SMTC) has a market capitalization of $3.30 billion and generates $740.86 million in revenue each year. The semiconductor company earns $125.66 million in net income (profit) each year or $2.149990 on an earnings per share basis.

Semtech employs 1,439 workers across the globe.

Semtech was founded in 1960.

Semtech's mailing address is 200 FLYNN ROAD, CAMARILLO CA, 93012. The official website for Semtech 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.