SMTC Stock Overview
Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$30.60|
|52 Week High||US$94.92|
|52 Week Low||US$29.19|
|1 Month Change||-34.69%|
|3 Month Change||-41.12%|
|1 Year Change||-60.75%|
|3 Year Change||-37.15%|
|5 Year Change||-18.40%|
|Change since IPO||12,956.00%|
Recent News & Updates
|SMTC||US Semiconductor||US Market|
Return vs Industry: SMTC underperformed the US Semiconductor industry which returned -25.1% over the past year.
Return vs Market: SMTC underperformed the US Market which returned -20.3% over the past year.
|SMTC Average Weekly Movement||9.7%|
|Semiconductor Industry Average Movement||7.9%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: SMTC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: SMTC's weekly volatility (10%) has been stable over the past year.
About the Company
Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products 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 also 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 wireless 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 used in industrial and consumer applications.
Semtech Fundamentals Summary
|SMTC fundamental statistics|
Is SMTC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SMTC income statement (TTM)|
|Cost of Revenue||US$285.03m|
Last Reported Earnings
Jul 31, 2022
Next Earnings Date
|Earnings per share (EPS)||2.50|
|Net Profit Margin||19.94%|
How did SMTC perform over the long term?See historical performance and comparison
Is SMTC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for SMTC?
Other financial metrics that can be useful for relative valuation.
|What is SMTC's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does SMTC's PE Ratio compare to its peers?
|SMTC PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
CSIQ Canadian Solar
SIMO Silicon Motion Technology
MTSI MACOM Technology Solutions Holdings
Price-To-Earnings vs Peers: SMTC is good value based on its Price-To-Earnings Ratio (12.2x) compared to the peer average (13.6x).
Price to Earnings Ratio vs Industry
How does SMTC's PE Ratio compare vs other companies in the US Semiconductor Industry?
Price-To-Earnings vs Industry: SMTC is good value based on its Price-To-Earnings Ratio (12.2x) compared to the US Semiconductor industry average (15.7x)
Price to Earnings Ratio vs Fair Ratio
What is SMTC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||12.2x|
|Fair PE Ratio||14.4x|
Price-To-Earnings vs Fair Ratio: SMTC is good value based on its Price-To-Earnings Ratio (12.2x) compared to the estimated Fair Price-To-Earnings Ratio (14.4x).
Share Price vs Fair Value
What is the Fair Price of SMTC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: SMTC ($30.6) is trading below our estimate of fair value ($114.37)
Significantly Below Fair Value: SMTC is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is Semtech forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SMTC's earnings are forecast to decline over the next 3 years (-0.4% per year).
Earnings vs Market: SMTC's earnings are forecast to decline over the next 3 years (-0.4% per year).
High Growth Earnings: SMTC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SMTC's revenue is expected to decline over the next 3 years (-0.7% per year).
High Growth Revenue: SMTC's revenue is forecast to decline over the next 3 years (-0.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SMTC's Return on Equity is forecast to be high in 3 years time
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How has Semtech performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SMTC has high quality earnings.
Growing Profit Margin: SMTC's current net profit margins (19.9%) are higher than last year (13.4%).
Past Earnings Growth Analysis
Earnings Trend: SMTC's earnings have grown significantly by 25% per year over the past 5 years.
Accelerating Growth: SMTC's earnings growth over the past year (75.8%) exceeds its 5-year average (25% per year).
Earnings vs Industry: SMTC earnings growth over the past year (75.8%) exceeded the Semiconductor industry 54.4%.
Return on Equity
High ROE: SMTC's Return on Equity (19.9%) is considered low.
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How is Semtech's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: SMTC's short term assets ($577.1M) exceed its short term liabilities ($140.1M).
Long Term Liabilities: SMTC's short term assets ($577.1M) exceed its long term liabilities ($260.7M).
Debt to Equity History and Analysis
Debt Level: SMTC has more cash than its total debt.
Reducing Debt: SMTC's debt to equity ratio has reduced from 36.5% to 21.5% over the past 5 years.
Debt Coverage: SMTC's debt is well covered by operating cash flow (142.4%).
Interest Coverage: SMTC's interest payments on its debt are well covered by EBIT (33.6x coverage).
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What is Semtech current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Semtech Dividend Yield vs Market|
|Market Bottom 25% (US)||1.7%|
|Market Top 25% (US)||4.7%|
|Industry Average (Semiconductor)||2.1%|
|Analyst forecast in 3 Years (Semtech)||n/a|
Notable Dividend: Unable to evaluate SMTC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SMTC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SMTC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SMTC's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as SMTC has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mohan Maheswaran (58 yo)
Mr. Mohan R. Maheswaran has been the Chief Executive Officer and President of Semtech Corporation since joining on April 3, 2006. Mr. Maheswaran served as General Manager of Analog Signal Processing Produc...
CEO Compensation Analysis
|Mohan Maheswaran's Compensation vs Semtech Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jul 31 2022||n/a||n/a|
|May 01 2022||n/a||n/a|
|Jan 30 2022||US$2m||US$676k|
|Oct 31 2021||n/a||n/a|
|Aug 01 2021||n/a||n/a|
|May 02 2021||n/a||n/a|
|Jan 31 2021||US$2m||US$647k|
|Oct 25 2020||n/a||n/a|
|Jul 26 2020||n/a||n/a|
|Apr 26 2020||n/a||n/a|
|Jan 26 2020||US$26m||US$620k|
|Oct 27 2019||n/a||n/a|
|Jul 28 2019||n/a||n/a|
|Apr 28 2019||n/a||n/a|
|Jan 27 2019||US$6m||US$618k|
|Oct 28 2018||n/a||n/a|
|Jul 29 2018||n/a||n/a|
|Apr 29 2018||n/a||n/a|
|Jan 28 2018||US$6m||US$600k|
|Oct 29 2017||n/a||n/a|
|Jul 30 2017||n/a||n/a|
|Apr 30 2017||n/a||n/a|
|Jan 29 2017||US$5m||US$599k|
|Oct 30 2016||n/a||n/a|
|Jul 31 2016||n/a||n/a|
|May 01 2016||n/a||n/a|
|Jan 31 2016||US$4m||US$599k|
Compensation vs Market: Mohan's total compensation ($USD1.67M) is below average for companies of similar size in the US market ($USD5.56M).
Compensation vs Earnings: Mohan's compensation has been consistent with company performance over the past year.
Experienced Management: SMTC's management team is seasoned and experienced (5.8 years average tenure).
Experienced Board: SMTC's board of directors are considered experienced (8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|07 Jun 22||SellUS$123,385||Asaf Silberstein||Individual||1,971||US$62.60|
|07 Apr 22||SellUS$560,521||J. Wilson||Individual||9,000||US$62.28|
|28 Mar 22||SellUS$137,642||Christopher Chang||Individual||1,950||US$70.59|
|24 Mar 22||SellUS$1,753,367||Mohan Maheswaran||Individual||25,000||US$70.63|
|14 Jan 22||SellUS$80,500||Asaf Silberstein||Individual||1,000||US$80.50|
|13 Jan 22||SellUS$98,200||Alistair Fulton||Individual||1,200||US$81.83|
|21 Dec 21||SellUS$102,000||Alistair Fulton||Individual||1,200||US$85.00|
|15 Dec 21||SellUS$88,000||Asaf Silberstein||Individual||1,000||US$88.00|
|08 Dec 21||SellUS$3,579,390||Mohan Maheswaran||Individual||40,000||US$90.35|
|06 Dec 21||SellUS$369,706||Norris Powell||Individual||4,291||US$86.16|
|13 Oct 21||SellUS$102,078||Alistair Fulton||Individual||1,350||US$75.61|
|08 Oct 21||SellUS$69,892||Emeka Chukwu||Individual||890||US$78.53|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Semtech Corporation's employee growth, exchange listings and data sources
- Name: Semtech Corporation
- Ticker: SMTC
- Exchange: NasdaqGS
- Founded: 1960
- Industry: Semiconductors
- Sector: Semiconductors
- Implied Market Cap: US$1.944b
- Shares outstanding: 63.52m
- Website: https://www.semtech.com
Number of Employees
- Semtech Corporation
- 200 Flynn Road
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SMTC||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Aug 1972|
|SM2||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Aug 1972|
|SMTC *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Aug 1972|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/29 00:00|
|End of Day Share Price||2022/09/29 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.