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NASDAQ:SMTC

Semtech - SMTC Stock Forecast, Price & News

$54.41
+1.98 (+3.78%)
(As of 08/12/2022 05:43 PM ET)
Add
Compare
Today's Range
$52.66
$54.49
50-Day Range
$51.25
$62.58
52-Week Range
$49.91
$94.92
Volume
1.36 million shs
Average Volume
490,346 shs
Market Capitalization
$3.45 billion
P/E Ratio
25.31
Dividend Yield
N/A
Price Target
$78.64

Semtech MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
44.3% Upside
$78.64 Price Target
Short Interest
Healthy
2.17% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.71
Upright™ Environmental Score
News Sentiment
0.02mentions of Semtech in the last 14 days
Based on 6 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.

2.96 out of 5 stars

Computer And Technology Sector

47th out of 659 stocks

Semiconductors & Related Devices Industry

11th out of 96 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.

Analyst Upgrades and Downgrades

SMTC has been the topic of several research reports. B. Riley downgraded shares of Semtech from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $87.00 to $65.00 in a research note on Wednesday, June 15th. Susquehanna Bancshares dropped their price target on Semtech from $75.00 to $72.00 and set a "neutral" rating for the company in a research report on Wednesday, June 1st. Needham & Company LLC downgraded Semtech to a "hold" rating in a research report on Tuesday. StockNews.com upgraded Semtech from a "buy" rating to a "strong-buy" rating in a report on Thursday, July 14th. Finally, Susquehanna reduced their price target on Semtech from $75.00 to $72.00 and set a "hold" rating on the stock in a report on Wednesday, June 1st. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $78.64.

Semtech Price Performance

Semtech stock opened at $52.43 on Friday. The company's 50 day simple moving average is $56.11 and its 200-day simple moving average is $62.20. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.52 and a current ratio of 4.49. Semtech has a 1 year low of $49.91 and a 1 year high of $94.92. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 1.28 and a beta of 1.53.

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

Insider Buying and Selling

In other Semtech news, EVP Asaf Silberstein sold 1,971 shares of the stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $62.60, for a total value of $123,384.60. Following the transaction, the executive vice president now directly owns 59,000 shares in the company, valued at $3,693,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by 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
See More Headlines
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SMTC Company Calendar

Last Earnings
6/01/2022
Today
8/12/2022
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
+44.5%
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
$2.66 per share
Book Value
$11.51 per share

Miscellaneous

Free Float
62,780,000
Market Cap
$3.45 billion
Optionable
Optionable
Beta
1.53

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SMTC Stock - Frequently Asked Questions

Should I buy or sell Semtech stock right now?

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

What is Semtech's stock price forecast for 2022?

8 Wall Street research analysts have issued twelve-month price objectives for Semtech's stock. Their SMTC share price forecasts range from $55.00 to $95.00. On average, they anticipate the company's share price to reach $78.64 in the next year. This suggests a possible upside of 45.6% from the stock's current price.
View analysts price targets for SMTC
or view top-rated stocks among Wall Street analysts.

How have SMTC shares performed in 2022?

Semtech's stock was trading at $88.93 on January 1st, 2022. Since then, SMTC stock has decreased by 39.3% and is now trading at $54.00.
View the best growth stocks for 2022 here
.

When is Semtech's next earnings date?

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

How were Semtech's earnings last quarter?

Semtech Co. (NASDAQ:SMTC) issued its quarterly earnings data 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 semiconductor company earned $202.10 million during 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 firm's revenue was up 18.6% compared to the same quarter last year. During the same period last year, the business posted $0.38 earnings per share.

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

Semtech issued an update on 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 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 Chief Executive Officer Mohan R. Maheswaran on Glassdoor.com. Mohan R. Maheswaran has an approval rating of 85% among the company'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 many different institutional and retail investors. Top institutional investors include FMR LLC (2.68%), JPMorgan Chase & Co. (1.94%), Stephens Investment Management Group LLC (1.48%), Rice Hall James & Associates LLC (1.17%), Assenagon Asset Management S.A. (1.17%) and Geneva Capital Management LLC (0.94%). 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
.

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 $54.00.

How much money does Semtech make?

Semtech (NASDAQ:SMTC) has a market capitalization of $3.43 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?

The company 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 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.

This page (NASDAQ:SMTC) was last updated on 8/12/2022 by MarketBeat.com Staff

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