The price of Semtech Corp. (NASDAQ:SMTC) shares last traded on Wall Street rose 3.19% to $16.49.
Based on available information, 11 analysts follow Semtech Corp. (NASDAQ:SMTC). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $49.00 and a low of $26.00, we find $31.00. Given the previous closing price of $15.98, this indicates a potential upside of 93.99 percent. SMTC stock price is now -32.55% away from the 50-day moving average and -36.79% away from the 200-day moving average. The market capitalization of the company currently stands at $1.06B.
Among analysts, 1 rate the stock a hold while 9 rate it a buy. Brokers who have rated the stock have averaged $34.70 as their price target over the next twelve months.
With the price target maintained at $30, The Benchmark Company recently Upgraded its rating from Hold to Buy for Semtech Corp. (NASDAQ: SMTC).
In other news, Rodensky Michael W, SVP sold 18,227 shares of the company’s stock on Sep 28. The stock was sold for $464,788 at an average price of $25.50. Upon completion of the transaction, the SVP now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 18, Director Walsh Paul V Jr bought 20,000 shares of the business’s stock. A total of $496,520 was incurred on buying the stock at an average price of $24.83. This leaves the insider owning 20,888 shares of the company worth $0.34 million. Insiders disposed of 66,016 shares of company stock worth roughly $1.09 million over the past 1 year. A total of 1.27% 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 Corp. shares was purchased by SCOPIA CAPITAL MANAGEMENT LP during the first quarter worth $9,227,000. POLAR ASSET MANAGEMENT PARTNERS INC. invested $8,980,000 in shares of SMTC during the first quarter. In the first quarter, FULLER & THALER ASSET MANAGEMENT, INC. acquired a new stake in Semtech Corp. valued at approximately $8,370,000. CINCTIVE CAPITAL MANAGEMENT LP acquired a new stake in SMTC for approximately $5,174,000. AM SQUARED LTD purchased a new stake in SMTC valued at around $3,500,000 in the second quarter. In total, there are 338 active investors with 109.57% ownership of the company’s stock.
A candlestick chart of Semtech Corp. (NASDAQ: SMTC) showed a price of $16.22 on Friday morning. During the past 12 months, Semtech Corp. has had a low of $15.24 and a high of $35.18. As of last week, the company has a debt-to-equity ratio of 3.86, a current ratio of 1.96, and a quick ratio of 1.40. The fifty day moving average price for SMTC is $24.26 and a two-hundred day moving average price translates $26.02 for the stock.
The latest earnings results from Semtech Corp. (NASDAQ: SMTC) was released for Jul, 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 -53.62% and return on equity was -75.44% 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 $204.49M in revenue.
Semtech Corp.(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.
