Semtech (NASDAQ:SMTC) Stock Rating Lowered by Wall Street Zen

Semtech (NASDAQ:SMTC) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

Several other analysts have also recently weighed in on the stock. Susquehanna raised their target price on shares of Semtech from $65.00 to $80.00 and gave the company a “positive” rating in a report on Tuesday, November 18th. Robert W. Baird raised their price objective on shares of Semtech from $70.00 to $88.00 and gave the company an “outperform” rating in a report on Tuesday, November 25th. Piper Sandler reiterated an “overweight” rating and set a $95.00 target price (up previously from $70.00) on shares of Semtech in a research note on Thursday. Craig Hallum raised their price target on Semtech from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Finally, B. Riley lifted their price target on Semtech from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Semtech currently has an average rating of “Moderate Buy” and an average price target of $78.50.

Semtech Stock Down 8.6%

Semtech stock opened at $72.89 on Friday. The firm has a market capitalization of $6.75 billion, a P/E ratio of 235.13 and a beta of 2.01. The company has a current ratio of 2.43, a quick ratio of 1.71 and a debt-to-equity ratio of 0.87. Semtech has a twelve month low of $24.05 and a twelve month high of $81.32. The stock’s fifty day simple moving average is $70.31 and its 200-day simple moving average is $58.10.

Semtech (NASDAQ:SMTC) last released its earnings results on Monday, November 24th. The semiconductor company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $266.97 million during the quarter, compared to analysts’ expectations of $266.36 million. Semtech had a return on equity of 17.00% and a net margin of 2.77%.Semtech’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 EPS. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. As a group, equities analysts expect that Semtech will post -0.02 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Paul V. Walsh, Jr. sold 500 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $66.24, for a total value of $33,120.00. Following the completion of the sale, the director directly owned 26,779 shares of the company’s stock, valued at $1,773,840.96. This represents a 1.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark Lin sold 971 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $72.83, for a total value of $70,717.93. Following the transaction, the chief financial officer owned 17,844 shares in the company, valued at $1,299,578.52. This represents a 5.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 4,971 shares of company stock valued at $323,463. Insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Semtech

A number of institutional investors have recently modified their holdings of SMTC. Journey Strategic Wealth LLC increased its stake in Semtech by 3.2% in the third quarter. Journey Strategic Wealth LLC now owns 5,074 shares of the semiconductor company’s stock valued at $363,000 after purchasing an additional 159 shares during the period. AlphaQuest LLC grew its holdings in shares of Semtech by 42.5% during the third quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock worth $41,000 after buying an additional 173 shares during the last quarter. Archer Investment Corp raised its stake in Semtech by 10.8% during the 2nd quarter. Archer Investment Corp now owns 2,050 shares of the semiconductor company’s stock valued at $93,000 after acquiring an additional 200 shares during the last quarter. Amalgamated Bank lifted its position in Semtech by 0.9% during the 2nd quarter. Amalgamated Bank now owns 24,229 shares of the semiconductor company’s stock worth $1,094,000 after acquiring an additional 214 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in Semtech by 65.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 235 shares during the period.

About Semtech

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor 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.