NASDAQ:SMTC

Semtech - SMTC Stock Forecast, Price & News

$30.01

+0.16 (+0.54%)

(As of 09/26/2022 10:46 AM ET)

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Today's Range: $29.85
▼
$30.23
50-Day Range: $29.85
▼
$62.33
52-Week Range: $29.19
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$94.92

Volume: 5,705 shs
Average Volume: 604,083 shs
Market Capitalization: $1.91 billion

P/E Ratio: 12.20
Dividend Yield: N/A
Price Target: $65.00

Semtech MarketRank™ Forecast

Analyst Rating: Hold
2.30 Rating Score
Upside/Downside: 117.8% Upside
$65.00 Price Target
Short Interest: Healthy
2.63% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.71
Upright™ Environmental Score
News Sentiment: 0.47
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -3.67%
From $2.18 to $2.10 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.68 out of 5 stars

Computer And Technology Sector

142nd out of 629 stocks

Semiconductors & Related Devices Industry

21st out of 93 stocks

4.2

Analyst's Opinion

Consensus Rating
Semtech has received a consensus rating of Hold. The company's average rating score is 2.30, and is based on 3 buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $65.00, Semtech has a forecasted upside of 117.8% from its current price of $29.85.
Amount of Analyst Coverage
Semtech has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
2.63% of the float of Semtech has been sold short.
Short Interest Ratio / Days to Cover
Semtech has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Semtech has recently increased by 3.12%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Semtech does not currently pay a dividend.
Dividend Growth
Semtech does not have a long track record of dividend growth.

2.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Semtech has received a 4.27% net impact score from Upright. Semtech seems to create the most significant positive value in categories "Taxes", "Jobs", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "IoT modular gateways", "Digital integrated circuits", and "Analog integrated circuits" products. See details.
Environmental Sustainability
The Environmental Impact score for Semtech is -1.71.

2.5

News and Social Media Coverage

News Sentiment
Semtech has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.32 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Semtech this week, compared to 5 articles on an average week.
Search Interest
9 people have searched for SMTC on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Semtech to their MarketBeat watchlist in the last 30 days. This is a decrease of -63% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Semtech insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.10% of the stock of Semtech is held by insiders.
Percentage Held by Institutions
97.53% of the stock of Semtech is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Semtech are expected to decrease by -3.67% in the coming year, from $2.18 to $2.10 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Semtech is 12.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.87.
Price to Earnings Ratio vs. Sector
The P/E ratio of Semtech is 12.13, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 311.31.
Price to Earnings Growth Ratio
Semtech has a PEG Ratio of 0.91. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Semtech has a P/B Ratio of 2.59. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Semtech (NASDAQ:SMTC) Stock

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.

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