SemtechSMTC
Market Cap: $2.97B
About: Semtech Corp is engaged in designing, developing, manufacturing and marketing analog and mixed-signal semiconductors, algorithms and wireless semiconductors, connectivity modules, gateways, routers and connected services for IoT. The company operates in four reportable segments' 1) Signal Integrity, 2) Advanced Protection and Sensing, 3) IoT System and 4) IoT Connected Services. The majority of the company's revenue is earned through Advanced Protection and Sensing Products segment. Geographically majority of the company's revenue is earned from Asia Pacific region.
Employees: 1,917
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
49% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 43
9% more funds holding
Funds holding: 232 [Q1] → 253 (+21) [Q2]
8% more capital invested
Capital invested by funds: $2.27B [Q1] → $2.44B (+$170M) [Q2]
5% more call options, than puts
Call options by funds: $78.2M | Put options by funds: $74.3M
2.08% less ownership
Funds ownership: 128.25% [Q1] → 126.18% (-2.08%) [Q2]
16% less repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 91
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Roth MKM Scott Searle 54% 1-year accuracy 20 / 37 met price target | 27%upside $50 | Buy Maintained | 28 Aug 2024 |
Stifel Tore Svanberg 46% 1-year accuracy 22 / 48 met price target | 27%upside $50 | Buy Maintained | 28 Aug 2024 |
B. Riley Securities Craig Kennison 69% 1-year accuracy 18 / 26 met price target | 55%upside $61 | Buy Maintained | 28 Aug 2024 |
Needham Quinn Bolton 34% 1-year accuracy 44 / 130 met price target | 27%upside $50 | Buy Reiterated | 28 Aug 2024 |
Needham Quinn Bolton 34% 1-year accuracy 44 / 130 met price target | 27%upside $50 | Buy Reiterated | 15 Jul 2024 |
Financial journalist opinion
Based on 10 articles about SMTC published over the past 30 days