Confused? Buy or Sell in volatile market – Analyst report Semtech Stock Forecast, Price & News (NASDAQ:SMTC)

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Earnings results for Semtech Stock Forecast, Price & News (NASDAQ:SMTC)

Semtech Corporation is expected* to report earnings on 08/26/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 7 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.27. The reported EPS for the same quarter last year was $0.25.

Semtech last announced its quarterly earnings results on May 27th, 2020. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $132.70 million for the quarter, compared to analyst estimates of $129.18 million. Its revenue for the quarter was up 1.3% compared to the same quarter last year. Semtech has generated $0.91 earnings per share over the last year and currently has a price-to-earnings ratio of 118.2. Semtech has confirmed that its next quarterly earnings report will be published on Wednesday, August 26th, 2020.

Analyst Opinion on Semtech Stock Forecast, Price & News (NASDAQ:SMTC)

14 Wall Street analysts have issued ratings and price targets for Semtech in the last 12 months. Their average twelve-month price target is $56.07, predicting that the stock has a possible downside of 10.51%. The high price target for SMTC is $70.00 and the low price target for SMTC is $6.00. There are currently 2 hold ratings and 12 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Semtech has received a consensus rating of Buy. The company’s average rating score is 2.86, and is based on 12 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $56.07, Semtech has a forecasted downside of 10.5% from its current price of $62.65. Semtech has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Semtech Stock Forecast, Price & News (NASDAQ:SMTC)

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

Insiders buying/selling: Semtech Stock Forecast, Price & News (NASDAQ:SMTC)

In the past three months, Semtech insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,467,628.00 in company stock. Only 1.79% of the stock of Semtech is held by insiders. 95.98% of the stock of Semtech is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Semtech Stock Forecast, Price & News (NASDAQ:SMTC

Earnings for Semtech are expected to grow by 41.74% in the coming year, from $1.15 to $1.63 per share. The P/E ratio of Semtech is 118.21, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.60. The P/E ratio of Semtech is 118.21, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 53.05. Semtech has a PEG Ratio of 4.25. PEG Ratios above 1 indicate that a company could be overvalued. Semtech has a P/B Ratio of 6.13. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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