Semtech (NASDAQ:SMTC) Hits New 12-Month High – What’s Next?

Semtech Corporation (NASDAQ:SMTC) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $81.39 and last traded at $78.86, with a volume of 101197 shares changing hands. The stock had previously closed at $79.68.

Analyst Ratings Changes

Several research analysts recently issued reports on SMTC shares. Weiss Ratings restated a “hold (c-)” rating on shares of Semtech in a research report on Monday, December 29th. Needham & Company LLC reissued a “buy” rating and issued a $80.00 price target on shares of Semtech in a report on Tuesday, November 25th. Stifel Nicolaus set a $80.00 price objective on Semtech in a research report on Wednesday, October 1st. UBS Group reiterated a “buy” rating on shares of Semtech in a research report on Tuesday, November 25th. Finally, Piper Sandler reissued an “overweight” rating and issued a $95.00 target price (up previously from $70.00) on shares of Semtech in a research note on Thursday, December 11th. Fifteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.50.

Semtech Trading Down 0.5%

The company has a quick ratio of 1.71, a current ratio of 2.43 and a debt-to-equity ratio of 0.87. The business’s fifty day moving average is $72.79 and its 200-day moving average is $63.13. The stock has a market capitalization of $7.33 billion, a PE ratio of 254.86 and a beta of 2.01.

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

Insider Buying and Selling

In other news, Director Saar Gillai sold 3,600 shares of the company’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $75.26, for a total value of $270,936.00. Following the completion of the sale, the director owned 9,523 shares of the company’s stock, valued at $716,700.98. This represents a 27.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Michael Wilson sold 5,000 shares of the stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $75.12, for a total value of $375,600.00. Following the completion of the sale, the insider owned 60,066 shares of the company’s stock, valued at approximately $4,512,157.92. This trade represents a 7.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,933 shares of company stock valued at $817,036 in the last 90 days. 0.48% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Semtech

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hantz Financial Services Inc. grew its holdings in Semtech by 243.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 360 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in Semtech in the 3rd quarter valued at about $41,000. AlphaQuest LLC grew its stake in shares of Semtech by 42.5% during the third quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 173 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Semtech by 65.5% during the third quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 235 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of Semtech by 1,745.5% during the third quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 576 shares during the last quarter.

About Semtech

Semtech Corporation is a leading supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms. The company’s products address a broad range of applications in the Internet of Things (IoT), data center and telecom, industrial, home automation, automotive, and aerospace markets. Semtech’s portfolio includes power management, signal integrity, protection devices, wireless and sensing technologies that enable smarter, more connected systems worldwide.

A core offering from Semtech is its LoRa® technology, a low-power, long-range wireless communication platform that has become a de facto standard for global IoT deployments.