(SMTC) Semtech - NASDAQ
Sector: Technology | Industry: Semiconductors | Exchange: NASDAQ (USA) | Market Cap: 15.052m USD | Total Return: 277.6% in 12m
Avg Turnover: 615M
EPS Trend: 46.5%
Qual. Beats: 0
Rev. Trend: 92.9%
Qual. Beats: -1
Warnings
High Debt/EBITDA (6.0) with thin interest coverage (0.4)
Interest Coverage Ratio 0.4 is critical
Tailwinds
Rs Leader, Confidence, Tailwind, Pullback 52w
Semtech Corporation (SMTC) is a global provider of analog and mixed-signal semiconductors, IoT systems, and cloud connectivity solutions. The company operates across three primary segments: Signal Integrity, Analog Mixed Signal and Wireless, and IoT Systems and Connectivity. Its product portfolio includes optical data communications components, voltage protection devices, and radio frequency products designed for industrial, medical, and enterprise infrastructure markets.
The company utilizes a business model focused on high-barrier-to-entry technical applications, serving original equipment manufacturers (OEMs) and solution providers through a mix of direct sales and independent distributors. As a key player in the semiconductor sector, Semtech benefits from the increasing integration of long-range, low-power wireless protocols (LoRa) which are essential for large-scale Internet of Things deployments. Investors may find additional performance metrics for this ticker on ValueRay.
Founded in 1960 and headquartered in Camarillo, California, Semtech supports mission-critical infrastructure including data centers, wireless base stations, and professional audio-video systems. The semiconductor industry is characterized by high research and development costs and cyclical demand driven by global digital transformation and telecommunications upgrades.
- LoRa technology adoption drives long-term Internet of Things connectivity revenue growth
- Data center infrastructure demand accelerates signal integrity product sales volume
- High debt levels from Sierra Wireless acquisition impact net margin stability
- Consumer electronics market volatility pressures analog mixed signal protection device demand
- Expansion of 5G base station deployments increases wireless infrastructure component orders
| Net Income: -33.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 5.75 > 1.0 |
| NWC/Revenue: 34.40% < 20% (prev 37.95%; Δ -3.54% < -1%) |
| CFO/TA 0.12 > 3% & CFO 177.9m > Net Income -33.2m |
| Net Debt (334.8m) to EBITDA (55.8m): 6.00 < 3 |
| Current Ratio: 2.37 > 1.5 & < 3 |
| Outstanding Shares: last quarter (98.0m) vs 12m ago 9.40% < -2% |
| Gross Margin: 51.50% > 18% (prev 51.09%; Δ 0.40% > 0.5%) |
| Asset Turnover: 75.93% > 50% (prev 66.64%; Δ 9.29% > 0%) |
| Interest Coverage Ratio: 0.38 > 6 (EBIT TTM 13.2m / Interest Expense TTM 35.1m) |
| A: 0.26 (Total Current Assets 648.7m - Total Current Liabilities 273.7m) / Total Assets 1.44b |
| B: -0.28 (Retained Earnings -409.5m / Total Assets 1.44b) |
| C: 0.01 (EBIT TTM 13.2m / Avg Total Assets 1.44b) |
| D: 0.66 (Book Value of Equity 573.3m / Total Liabilities 865.6m) |
| Altman-Z'' = 1.54 = BB |
| DSRI: 0.92 (Receivables 174.8m/165.7m, Revenue 1.09b/954.2m) |
| GMI: 0.99 (GM 51.09% / 51.50%) |
| AQI: 0.95 (AQ_t 0.48 / AQ_t-1 0.50) |
| SGI: 1.14 (Revenue 1.09b / 954.2m) |
| TATA: -0.15 (NI -33.2m - CFO 177.9m) / TA 1.44b) |
| Beneish M = -3.04 (Cap -4..+1) = AA |
As of June 20, 2026, the stock is trading at USD 158.23 with a total of 17,932,300 shares traded.
Over the past week, the price has changed by -3.26%,
over one month by +19.52%,
over three months by +115.66% and
over the past year by +277.55%.
Semtech has received a consensus analysts rating of 4.79. Therefore, it is recommended to buy SMTC.
- StrongBuy: 12
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 204.8 | 29.5% |
P/E Forward = 68.0272
P/S = 13.8103
P/B = 28.3334
P/EG = 3.389
Revenue TTM = 1.09b USD
EBIT TTM = 13.2m USD
EBITDA TTM = 55.8m USD
Long Term Debt = 492.0m USD (from longTermDebt, last quarter)
Short Term Debt = 6.08m USD (from shortTermDebt, last quarter)
Debt = 498.1m USD (from shortLongTermDebtTotal, last quarter) + Leases 6.06m
Net Debt = 334.8m USD (calculated: Debt 498.1m - CCE 163.3m)
Enterprise Value = 15.4b USD (15.1b + Debt 498.1m - CCE 163.3m)
Interest Coverage Ratio = 0.38 (Ebit TTM 13.2m / Interest Expense TTM 35.1m)
EV/FCF = 94.92x (Enterprise Value 15.4b / FCF TTM 162.1m)
FCF Yield = 1.05% (FCF TTM 162.1m / Enterprise Value 15.4b)
FCF Margin = 14.87% (FCF TTM 162.1m / Revenue TTM 1.09b)
Net Margin = -3.05% (Net Income TTM -33.2m / Revenue TTM 1.09b)
Gross Margin = 51.50% ((Revenue TTM 1.09b - Cost of Revenue TTM 528.7m) / Revenue TTM)
Gross Margin QoQ = 51.92% (prev 50.33%)
Tobins Q-Ratio = 10.69 (Enterprise Value 15.4b / Total Assets 1.44b)
Interest Expense / Debt = 7.05% (Interest Expense 35.1m / Debt 498.1m)
Taxrate = 0.37% (100k / 26.7m)
NOPAT = 13.2m (EBIT 13.2m * (1 - 0.37%))
Current Ratio = 2.37 (Total Current Assets 648.7m / Total Current Liabilities 273.7m)
Debt / Equity = 0.87 (Debt 498.1m / totalStockholderEquity, last quarter 573.3m)
Debt / EBITDA = 6.00 (Net Debt 334.8m / EBITDA 55.8m)
Debt / FCF = 2.07 (Net Debt 334.8m / FCF TTM 162.1m)
Total Stockholder Equity = 560.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -2.31% (Net Income -33.2m / Total Assets 1.44b)
RoE = -5.93% (Net Income TTM -33.2m / Total Stockholder Equity 560.4m)
RoCE = 1.26% (EBIT 13.2m / Capital Employed (Equity 560.4m + L.T.Debt 492.0m))
RoIC = 1.18% (NOPAT 13.2m / Invested Capital 1.12b)
WACC = 16.79% (E(15.1b)/V(15.6b) * Re(17.11%) + D(498.1m)/V(15.6b) * Rd(7.05%) * (1-Tc(0.00)))
Discount Rate = 17.11% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 77.78 | Cagr: 20.55%
[DCF] Terminal Value 55.43% ; FCFF base≈128.8m ; Y1≈147.7m ; Y5≈217.4m
[DCF] Fair Price = 10.31 (EV 1.29b - Net Debt 334.8m = Equity 960.2m / Shares 93.2m; r=16.79% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 46.53 | EPS CAGR: 64.24% | SUE: 0.21 | # QB: 0
Revenue Correlation: 92.88 | Revenue CAGR: 11.33% | SUE: -4.0 | # QB: -1
EPS current Quarter (2026-07-31): EPS=0.61 | Chg30d=+20.20% | Revisions=+75% | Analysts=13
EPS next Quarter (2026-10-31): EPS=0.73 | Chg30d=+18.13% | Revisions=+75% | Analysts=13
EPS current Year (2027-01-31): EPS=2.66 | Chg30d=+19.96% | Revisions=+75% | GrowthEPS=+55.4% | GrowthRev=+30.1%
EPS next Year (2028-01-31): EPS=3.89 | Chg30d=+33.45% | Revisions=+75% | GrowthEPS=+46.2% | GrowthRev=+24.6%
[Analyst] Revisions Ratio: +75%