Semtech (SMTC) Stock Price, News & Analysis

Company Overview

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. 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. In addition, it provides switching voltage regulators, combination switching and linear regulators, smart regulators, isolated switches, and wireless charging related products. Further, it offers portfolio of IoT solutions, such as modules, gateways, routers, and connected services; and portfolio of connected services, including wireless connectivity and cloud-based services for industrial, medical and communications applications. 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. Semtech Corporation was incorporated in 1960 and is headquartered in Camarillo, California.

Key Stats

• Today's Range: $43.30 to $46.92
• 50-Day Range: $39.35 to $52.82
• 52-Week Range: $15.05 to $53.22
• Volume: 1.88 million shs
• Average Volume: 1.04 million shs
• Market Capitalization: $3.32 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $52.60
• Consensus Rating: Moderate Buy

Semtech Stock Analysis - MarketRank™

Semtech scored higher than 74% of companies evaluated by MarketBeat, and ranked 262nd out of 659 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Semtech has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 10 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Semtech has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Semtech are expected to grow in the coming year, from ($0.07) to $0.78 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Semtech is -3.25, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Semtech is -3.25, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

9.09% of the outstanding shares of Semtech have been sold short.

Short Interest Ratio / Days to Cover

Semtech has a short interest ratio ("days to cover") of 4.4.

Change versus previous month

Short interest in Semtech has recently decreased by 5.39%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Semtech does not currently pay a dividend.

Dividend Growth

Semtech does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 1.7 / 5
• Environmental Score: -1.71

Percentage of Shares Shorted

9.09% of the outstanding shares of Semtech have been sold short.

Short Interest Ratio / Days to Cover

Semtech has a short interest ratio ("days to cover") of 4.4.

Change versus previous month

Short interest in Semtech has recently decreased by 5.39%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.07

News Sentiment

Semtech has a news sentiment score of 1.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Semtech this week, compared to 5 articles on an average week.

Search Interest

Only 3 people have searched for SMTC on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

MarketBeat Follows

4 people have added Semtech to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Semtech insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.60% of the stock of Semtech is held by insiders.

SMTC Stock Analysis - Frequently Asked Questions

How have SMTC shares performed this year?

Semtech's stock was trading at $21.91 at the beginning of 2024. Since then, SMTC stock has increased by 101.3% and is now trading at $44.10.
View the best growth stocks for 2024 here.

How were Semtech's earnings last quarter?

Semtech Co. (NASDAQ:SMTC) released its earnings results on Tuesday, August, 27th. The semiconductor company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The company's revenue was down 9.6% compared to the same quarter last year.

Does Semtech have any subsidiaries?

Semtech subsidiaries include Trackio International AG, IC Interconnect, AptoVision Technologies Inc., Triune Systems L.L.C, Enverv, Cycleo, Gennum Corporation, and others.

Who are Semtech's major shareholders?

Top institutional shareholders of Semtech include State Street Corp (4.87%), Disciplined Growth Investors Inc. MN (3.47%), Geode Capital Management LLC (2.15%) and Charles Schwab Investment Management Inc. (1.41%). Insiders that own company stock include Asaf Silberstein, Paul V Walsh Jr, John Michael Wilson, Mark Lin, Michael W Rodensky, Christopher H Chang, Norris B Powell, Alistair Fulton, Emeka Chukwu and Mohan Maheswaran.
View institutional ownership trends.

How do I buy shares of Semtech?

Shares of SMTC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Semtech own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Semtech investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Advanced Micro Devices (AMD), Adobe (ADBE), ServiceNow (NOW) and Arista Networks (ANET).

Company Calendar

• Last Earnings: 8/27/2024
• Today: 11/17/2024
• Next Earnings (Estimated): 12/04/2024
• Fiscal Year End: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Semiconductors & related devices
• Sub-Industry: Semiconductors
• Current Symbol: NASDAQ:SMTC
• CUSIP: 81685010
• CIK: 88941
• Web: www.semtech.com
• Phone: (805) 498-2111
• Fax: 805-498-3804
• Employees: 1,917
• Year Founded: 1960

Price Target and Rating

• Average Stock Price Target: $52.60
• High Stock Price Target: $61.00
• Low Stock Price Target: $46.00
• Potential Upside/Downside: +19.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.83
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($13.55)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-1,092,030,000.00
• Net Margins: -107.21%
• Pretax Margin: -106.79%
• Return on Equity: -154.99%
• Return on Assets: -2.40%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.41
• Quick Ratio: 1.72

Sales & Book Value

• Annual Sales: $815.31 million
• Price / Sales: 4.07
• Cash Flow: $11.61 per share
• Price / Cash Flow: 3.80
• Book Value: ($4.78) per share
• Price / Book: -9.23

Miscellaneous

• Outstanding Shares: 75,227,000
• Free Float: 74,776,000
• Market Cap: $3.32 billion
• Optionable: Optionable
• Beta: 1.54