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NASDAQ:SMTC

Semtech - SMTC Stock Forecast, Price & News

$54.64
-1.10 (-1.97%)
(As of 08/8/2022 03:34 PM ET)
Add
Compare
Today's Range
$54.27
$55.96
50-Day Range
$51.26
$64.38
52-Week Range
$49.91
$94.92
Volume
19,340 shs
Average Volume
468,819 shs
Market Capitalization
$3.47 billion
P/E Ratio
25.41
Dividend Yield
N/A
Price Target
$78.64

Semtech MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
43.4% Upside
$78.64 Price Target
Short Interest
Healthy
2.39% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.71
Upright™ Environmental Score
News Sentiment
0.37mentions of Semtech in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$123,385 Sold Last Quarter
Proj. Earnings Growth
10.55%
From $2.75 to $3.04 Per Share

Overall MarketRank

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

2.98 out of 5 stars

Computer And Technology Sector

43rd out of 833 stocks

Semiconductors & Related Devices Industry

7th out of 115 stocks

SMTC stock logo

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.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. StockNews.com raised Semtech from a "buy" rating to a "strong-buy" rating in a research report on Thursday, July 14th. Cowen cut their price target on Semtech to $85.00 in a report on Friday, June 3rd. Needham & Company LLC lowered Semtech from a "buy" rating to a "hold" rating in a research note on Wednesday. Oppenheimer lowered their price objective on Semtech from $100.00 to $85.00 in a research note on Thursday, May 26th. Finally, B. Riley lowered Semtech from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $87.00 to $65.00 in a research note on Wednesday, June 15th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $78.64.

Semtech Trading Down 0.8 %

SMTC traded down $0.47 during mid-day trading on Friday, reaching $55.74. The stock had a trading volume of 679,187 shares, compared to its average volume of 615,640. The stock has a market capitalization of $3.54 billion, a P/E ratio of 25.93, a P/E/G ratio of 1.35 and a beta of 1.53. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.52 and a current ratio of 4.49. The firm's fifty day simple moving average is $57.03 and its two-hundred day simple moving average is $62.64. Semtech has a 52 week low of $49.91 and a 52 week high of $94.92.

Semtech (NASDAQ:SMTC - Get Rating) last posted its quarterly earnings results on Wednesday, June 1st. The semiconductor company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.07. The company had revenue of $202.10 million for the quarter, compared to the consensus estimate of $199.98 million. Semtech had a return on equity of 20.24% and a net margin of 18.15%. The firm's quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.38 EPS. On average, equities analysts predict that Semtech will post 2.75 EPS for the current year.

Insider Activity

In related news, EVP Asaf Silberstein sold 1,971 shares of the firm's stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $62.60, for a total transaction of $123,384.60. Following the sale, the executive vice president now owns 59,000 shares of the company's stock, valued at approximately $3,693,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is currently owned by company insiders.

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SMTC Stock News Headlines

Form 8-K SEMTECH CORP For: Aug 02 - StreetInsider.com
Semtech To Snap Up Sierra Wireless At 25% Premium
Why Sierra Wireless Stock Was on Fire Monday
Semtech (NASDAQ:SMTC) Could Easily Take On More Debt
Benchmark Begins Coverage on Semtech (NASDAQ:SMTC)
Semtech (NASDAQ:SMTC) Earns "Initiates" Rating from Benchmark
Expert Ratings for Semtech - Benzinga
Here's Why Semtech (SMTC) is a Strong Growth Stock
See More Headlines
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SMTC Company Calendar

Last Earnings
6/01/2022
Today
8/08/2022
Next Earnings (Estimated)
9/07/2022
Fiscal Year End
1/31/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:SMTC
CUSIP
81685010
Employees
1,439
Year Founded
1960

Price Target and Rating

Average Stock Price Forecast
$78.64
High Stock Price Forecast
$95.00
Low Stock Price Forecast
$55.00
Forecasted Upside/Downside
+43.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
8 Analysts

Profitability

Net Income
$125.66 million
Pretax Margin
20.52%

Debt

Sales & Book Value

Annual Sales
$740.86 million
Cash Flow
$2.52 per share
Book Value
$11.51 per share

Miscellaneous

Free Float
62,780,000
Market Cap
$3.47 billion
Optionable
Optionable
Beta
1.53

Social Links















SMTC Stock - Frequently Asked Questions

Should I buy or sell Semtech stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Semtech in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Semtech stock.
View analyst ratings for Semtech
or view top-rated stocks.

What is Semtech's stock price forecast for 2022?

8 equities research analysts have issued 12-month price targets for Semtech's shares. Their SMTC stock forecasts range from $55.00 to $95.00. On average, they expect Semtech's share price to reach $78.64 in the next year. This suggests a possible upside of 41.4% from the stock's current price.
View analysts' price targets for Semtech
or view top-rated stocks among Wall Street analysts.

How has Semtech's stock performed in 2022?

Semtech's stock was trading at $88.93 at the beginning of the year. Since then, SMTC stock has decreased by 37.4% and is now trading at $55.63.
View the best growth stocks for 2022 here
.

When is Semtech's next earnings date?

Semtech is scheduled to release its next quarterly earnings announcement on Wednesday, September 7th 2022.
View our earnings forecast for Semtech
.

How were Semtech's earnings last quarter?

Semtech Co. (NASDAQ:SMTC) released its quarterly earnings results on Wednesday, June, 1st. The semiconductor company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.07. The semiconductor company had revenue of $202.10 million for the quarter, compared to analyst estimates of $199.98 million. Semtech had a net margin of 18.15% and a trailing twelve-month return on equity of 20.24%. The company's quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

What guidance has Semtech issued on next quarter's earnings?

Semtech updated its second quarter 2023 earnings guidance on Wednesday, June, 29th. The company provided earnings per share guidance of $0.80-$0.90 for the period, compared to the consensus earnings per share 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.

What is Mohan R. Maheswaran's approval rating as Semtech's CEO?

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.

What other stocks do shareholders of Semtech own?

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).

What is Semtech's stock symbol?

Semtech trades on the NASDAQ under the ticker symbol "SMTC."

Who are Semtech's major shareholders?

Semtech's stock is owned by a variety of retail and institutional investors. Top institutional investors include Stephens Investment Management Group LLC (1.48%), Assenagon Asset Management S.A. (1.17%), Geneva Capital Management LLC (0.94%), Loomis Sayles & Co. L P (0.71%), Allspring Global Investments Holdings LLC (0.64%) and Kornitzer Capital Management Inc. KS (0.38%). Company insiders that own Semtech 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 for Semtech
.

How do I buy shares of Semtech?

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.

What is Semtech's stock price today?

One share of SMTC stock can currently be purchased for approximately $55.63.

How much money does Semtech make?

Semtech (NASDAQ:SMTC) has a market capitalization of $3.53 billion and generates $740.86 million in revenue each year. The semiconductor company earns $125.66 million in net income (profit) each year or $2.15 on an earnings per share basis.

How many employees does Semtech have?

Semtech employs 1,439 workers across the globe.

Does Semtech have any subsidiaries?

The following companies are subsidiares of Semtech: AptoVision Technologies Inc., Cycleo, Gennum Corporation, Gennum UK Limited, Semtech Advanced Systems India Private Limited, Semtech Canada Corporation, Semtech Colorado Inc., Semtech Corpus Christi Corporation, Semtech Corpus Christi S.A. de CV, Semtech EMEA Limited, Semtech EV Inc., Semtech France SAS, Semtech Germany GmbH, Semtech International AG, Semtech Japan GK, Semtech Limited, Semtech Netherlands BV, Semtech Neuchatel SARL, Semtech New York Corporation, Semtech Quebec Inc., Semtech San Diego Corporation, Semtech Semiconductor (Chengdu) Co. Ltd., Semtech Semiconductor (Malaysia) Sdn Bhd, Semtech Semiconductor (Shanghai) Co. Ltd., Semtech Semiconductor (Shenzhen) Company Limited, Semtech Semiconductor Holdings Limited, Sierra Monolithics Inc., Sierra Monolithics Inc., Snowbush Mexico S.A.P.I. de C.V., Trackio International AG, Triune IP LLC, Triune Systems L.L.C, Triune Systems L.L.C., and XEMICS SA.
Read More

When was Semtech founded?

Semtech was founded in 1960.

How can I contact Semtech?

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.

This page (NASDAQ:SMTC) was last updated on 8/8/2022 by MarketBeat.com Staff

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