SemtechSMTC
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 Q3 regulatory filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]
55% more capital invested
Capital invested by funds: $2.49B [Q2] → $3.86B (+$1.38B) [Q3]
40% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 43
13% more repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 82
7% more funds holding
Funds holding: 255 [Q2] → 272 (+17) [Q3]
16.19% less ownership
Funds ownership: 128.7% [Q2] → 112.51% (-16.19%) [Q3]
36% less call options, than puts
Call options by funds: $67.1M | Put options by funds: $105M
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Needham Quinn Bolton 50% 1-year accuracy 66 / 131 met price target | 16%upside $74 | Buy Maintained | 12 Dec 2024 |
Northland Capital Markets Gus Richard 54% 1-year accuracy 15 / 28 met price target | 4%upside $66 | Outperform Maintained | 10 Dec 2024 |
B. Riley Securities Craig Kennison 39% 1-year accuracy 11 / 28 met price target | 34%upside $85 | Buy Maintained | 26 Nov 2024 |
Benchmark Cody Acree 57% 1-year accuracy 20 / 35 met price target | 29%upside $82 | Buy Maintained | 26 Nov 2024 |
Craig-Hallum Anthony Stoss 43% 1-year accuracy 15 / 35 met price target | 10%upside $70 | Buy Maintained | 26 Nov 2024 |
Financial journalist opinion
Based on 20 articles about SMTC published over the past 30 days
