In yesterday’s Wall Street session, Semtech Corporation (NASDAQ:SMTC) shares traded at $23.52, up 4.86% from the previous session.
12 analysts cover Semtech Corporation (NASDAQ:SMTC), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $54.00 and a low of $28.00, we find $40.00. Given the previous closing price of $22.43, this indicates a potential upside of 78.33 percent. SMTC stock price is now 9.64% away from the 50-day moving average and -18.23% away from the 200-day moving average. The market capitalization of the company currently stands at $1.48B.
The stock has received a hold rating from 5 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $39.22 as their price target over the next twelve months.
With the price target of $32, Northland Capital recently initiated with Outperform rating for Semtech Corporation (NASDAQ: SMTC).
Insiders disposed of 44,401 shares of company stock worth roughly $1.04 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SMTC stock. A new stake in Semtech Corporation shares was purchased by LION POINT CAPITAL, LP during the first quarter worth $57,691,000. BANK OF MONTREAL /CAN/ invested $5,772,000 in shares of SMTC during the first quarter. In the first quarter, MARSHALL WACE, LLP acquired a new stake in Semtech Corporation valued at approximately $5,182,000. CANADA PENSION PLAN INVESTMENT BOARD acquired a new stake in SMTC for approximately $3,675,000. PORTMAN SQUARE CAPITAL LLP purchased a new stake in SMTC valued at around $3,027,000 in the second quarter. In total, there are 362 active investors with 99.00% ownership of the company’s stock.
On Thursday morning Semtech Corporation (NASDAQ: SMTC) stock kicked off with the opening price of $26.88. During the past 12 months, Semtech Corporation has had a low of $17.82 and a high of $65.51. As of last week, the company has a debt-to-equity ratio of 1.77, a current ratio of 1.80, and a quick ratio of 1.30. According to the stock market information, the enterprise value for the company is $2.72B, which is based on a 24.68 price-to-earnings ratio, a 2.15 price-to-earnings-growth ratio, and a beta of 1.67. The fifty day moving average price for SMTC is $21.30 and a two-hundred day moving average price translates $28.63 for the stock.
The latest earnings results from Semtech Corporation (NASDAQ: SMTC) was released for Jan, 2023. According to the Semiconductors Company, earnings per share came in at $0.02, beating analysts’ expectations of -$0.08 by 0.1. This compares to $0.59 EPS in the same period last year. The net profit margin was 8.10% and return on equity was 8.00% for SMTC. The company reported revenue of $236.54 million for the quarter, compared to $202.15 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.01 percent. For the current quarter, analysts expect SMTC to generate $242.66M in revenue.
Semtech Corporation(SMTC) Company Profile
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 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 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 switching voltage regulators, combination switching and linear regulators, smart regulators, isolated switches, and wireless charging related products. The company serves original equipment manufacturers and industrial end-markets. It sells its products directly, as well as through independent sales representative firms and independent distributors in Asia- Pacific, North America, and Europe. The company was incorporated in 1960 and is headquartered in Camarillo, California.