Stocks of Semtech Corporation (NASDAQ:SMTC) traded higher last session on Wall Street, up 10.10% to $25.18.
According to the data, Semtech Corporation (NASDAQ:SMTC) has 12 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $49.00 and a low of $30.00, we find $33.50. Given the previous closing price of $22.87, this indicates a potential upside of 46.48 percent. SMTC stock price is now -4.85% away from the 50-day moving average and -5.77% away from the 200-day moving average. The market capitalization of the company currently stands at $1.64B.
A total of 3 analysts have issued a hold rating and 8 have given it a buy rating. Brokers who have rated the stock have averaged $36.60 as their price target over the next twelve months.
With the price target maintained at $30, Susquehanna recently Upgraded its rating from Neutral to Positive for Semtech Corporation (NASDAQ: SMTC).
Insiders disposed of 61,306 shares of company stock worth roughly $1.54 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 SCOPIA CAPITAL MANAGEMENT LP during the first quarter worth $14,089,000. POLAR ASSET MANAGEMENT PARTNERS INC. invested $13,712,000 in shares of SMTC during the first quarter. In the first quarter, FULLER & THALER ASSET MANAGEMENT, INC. acquired a new stake in Semtech Corporation valued at approximately $12,781,000. CINCTIVE CAPITAL MANAGEMENT LP acquired a new stake in SMTC for approximately $7,901,000. AM SQUARED LTD purchased a new stake in SMTC valued at around $5,345,000 in the second quarter. In total, there are 338 active investors with 99.00% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $24.20 for Semtech Corporation (NASDAQ: SMTC). During the past 12 months, Semtech Corporation has had a low of $17.82 and a high of $35.18. As of last week, the company has a debt-to-equity ratio of 1.88, a current ratio of 2.10, and a quick ratio of 1.50. The fifty day moving average price for SMTC is $26.46 and a two-hundred day moving average price translates $26.70 for the stock.
The latest earnings results from Semtech Corporation (NASDAQ: SMTC) was released for Apr, 2023. According to the Semiconductors Company, earnings per share came in at $0.11, beating analysts’ expectations of $0.02 by 0.09. This compares to $0.81 EPS in the same period last year. The net profit margin was -0.80% and return on equity was -0.80% for SMTC. The company reported revenue of $238.37 million for the quarter, compared to $209.25 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.92 percent. For the current quarter, analysts expect SMTC to generate $247.68M 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.
