Analysts Set Semtech Corporation (NASDAQ:SMTC) Price Target at $179.73

Semtech Corporation (NASDAQ:SMTC) has received a consensus recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $179.7333.

Several equities analysts have recently weighed in on SMTC shares. Needham & Company LLC raised their price target on Semtech from $105.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday. Stifel Nicolaus increased their price objective on Semtech from $157.00 to $188.00 and gave the company a “buy” rating in a research report on Wednesday. Northland Securities cut Semtech from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 26th. Citigroup cut Semtech from a “buy” rating to a “market perform” rating in a research report on Tuesday. Finally, Oppenheimer set a $200.00 price objective on Semtech in a research report on Wednesday.

Semtech Price Performance

SMTC opened at $152.54 on Thursday. Semtech has a 12-month low of $34.59 and a 12-month high of $172.35. The company has a current ratio of 2.37, a quick ratio of 1.66 and a debt-to-equity ratio of 0.86. The stock has a fifty day simple moving average of $108.74 and a two-hundred day simple moving average of $89.31. The company has a market cap of $14.21 billion, a price-to-earnings ratio of -391.13 and a beta of 2.22.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06. Semtech had a positive return on equity of 18.31% and a negative net margin of 3.05%.The firm had revenue of $291.00 million during the quarter, compared to the consensus estimate of $283.53 million. During the same period last year, the company earned $0.38 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Research analysts predict that Semtech will post 1.6 earnings per share for the current fiscal year.

Semtech News Summary

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Craig-Hallum reiterated a Buy rating on Semtech, adding to a generally constructive analyst backdrop after the company’s recent earnings beat and upbeat outlook.
• Positive Sentiment: Several other analysts recently raised or reiterated bullish price targets, with the latest cluster of targets still sitting well above the current trading range, reflecting confidence in Semtech’s data center connectivity and IoT momentum.
• Positive Sentiment: Recent coverage highlighted Semtech as an AI infrastructure and networking beneficiary, which can support the stock when sentiment around semis and AI hardware is strong.
• Neutral Sentiment: The company’s latest earnings update was solid, with revenue and EPS beating expectations, but that also created a “sell-the-news” setup after a sharp rally into the print.
• Neutral Sentiment: There were also signs of mixed positioning: some institutions added shares while others trimmed large stakes, which can add to volatility without pointing clearly in one direction.
• Negative Sentiment: Northland downgraded Semtech to Market Perform from Outperform, citing valuation concerns and higher near-term risk for semiconductor names, including possible supply-chain disruption and softer AI infrastructure spending. Article title
• Negative Sentiment: Recent insider selling and a new disclosed regulatory risk tied to unregistered securities sales may be weighing on investor confidence and reinforcing the pullback. Article title

Insiders Place Their Bets

In other news, EVP Jason Elliot Green sold 7,500 shares of Semtech stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $81.73, for a total transaction of $612,975.00. Following the transaction, the executive vice president directly owned 8,811 shares of the company’s stock, valued at $720,123.03. The trade was a 45.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul V. Walsh, Jr. sold 500 shares of Semtech stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $138.21, for a total value of $69,105.00. Following the transaction, the director directly owned 23,279 shares in the company, valued at approximately $3,217,390.59. The trade was a 2.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 36,884 shares of company stock valued at $3,069,245. 0.48% of the stock is currently owned by company insiders.

Institutional Trading of Semtech

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. New York State Common Retirement Fund increased its stake in Semtech by 55.7% in the 3rd quarter. New York State Common Retirement Fund now owns 277,661 shares of the semiconductor company’s stock worth $19,839,000 after acquiring an additional 99,335 shares during the last quarter. Argos Wealth Advisors LLC bought a new position in shares of Semtech during the 4th quarter valued at approximately $640,000. Lisanti Capital Growth LLC bought a new position in shares of Semtech during the 3rd quarter valued at approximately $4,318,000. Royce & Associates LP increased its position in shares of Semtech by 144.5% during the 4th quarter. Royce & Associates LP now owns 107,617 shares of the semiconductor company’s stock valued at $7,930,000 after purchasing an additional 63,603 shares during the last quarter. Finally, Hodges Capital Management Inc. bought a new position in shares of Semtech during the 3rd quarter valued at approximately $4,624,000.

About Semtech

Semtech Corporation is a leading supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms. The company’s products address a broad range of applications in the Internet of Things (IoT), data center and telecom, industrial, home automation, automotive, and aerospace markets. Semtech’s portfolio includes power management, signal integrity, protection devices, wireless and sensing technologies that enable smarter, more connected systems worldwide.

A core offering from Semtech is its LoRa® technology, a low-power, long-range wireless communication platform that has become a de facto standard for global IoT deployments.