Semtech (NASDAQ:SMTC) Price Target Raised to $100.00

Semtech (NASDAQ:SMTC) had its price objective hoisted by Susquehanna from $90.00 to $100.00 in a report issued on Monday,Benzinga reports. Susquehanna currently has a positive rating on the semiconductor company’s stock.

A number of other research firms have also recently weighed in on SMTC. TD Cowen restated a “buy” rating on shares of Semtech in a research note on Tuesday, February 24th. Robert W. Baird lifted their price objective on shares of Semtech from $70.00 to $88.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Wall Street Zen downgraded shares of Semtech from a “strong-buy” rating to a “buy” rating in a report on Monday, January 26th. Stifel Nicolaus increased their price objective on shares of Semtech from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Finally, Oppenheimer restated an “outperform” rating and set a $81.00 target price on shares of Semtech in a research note on Tuesday, November 25th. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Semtech has a consensus rating of “Moderate Buy” and a consensus price target of $84.14.

Semtech Price Performance

NASDAQ:SMTC opened at $85.82 on Monday. Semtech has a 12-month low of $24.05 and a 12-month high of $96.46. The firm has a market capitalization of $7.94 billion, a price-to-earnings ratio of 276.84 and a beta of 1.99. The stock’s 50 day moving average price is $83.30 and its two-hundred day moving average price is $73.36. The company has a quick ratio of 1.71, a current ratio of 2.43 and a debt-to-equity ratio of 0.87.

Insider Transactions at Semtech

In other news, Director Saar Gillai sold 3,600 shares of the business’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $75.26, for a total value of $270,936.00. Following the completion of the sale, the director owned 9,523 shares of the company’s stock, valued at approximately $716,700.98. The trade was a 27.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gregory Michael Fischer sold 1,034 shares of the company’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $75.50, for a total transaction of $78,067.00. Following the completion of the transaction, the director owned 2,857 shares in the company, valued at $215,703.50. This trade represents a 26.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 33,549 shares of company stock worth $2,787,350. 0.48% of the stock is currently owned by company insiders.

Institutional Trading of Semtech

A number of institutional investors have recently bought and sold shares of SMTC. Evergreen Capital Management LLC increased its holdings in shares of Semtech by 2.3% during the fourth quarter. Evergreen Capital Management LLC now owns 5,945 shares of the semiconductor company’s stock worth $438,000 after purchasing an additional 136 shares during the period. Stephens Inc. AR boosted its stake in shares of Semtech by 3.3% in the fourth quarter. Stephens Inc. AR now owns 4,410 shares of the semiconductor company’s stock valued at $325,000 after buying an additional 142 shares during the period. Journey Strategic Wealth LLC boosted its stake in shares of Semtech by 3.2% in the third quarter. Journey Strategic Wealth LLC now owns 5,074 shares of the semiconductor company’s stock valued at $363,000 after buying an additional 159 shares during the period. Captrust Financial Advisors grew its position in Semtech by 0.8% during the fourth quarter. Captrust Financial Advisors now owns 19,302 shares of the semiconductor company’s stock worth $1,422,000 after buying an additional 162 shares in the last quarter. Finally, AlphaQuest LLC grew its position in Semtech by 42.5% during the third quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock worth $41,000 after buying an additional 173 shares in the last quarter.

Key Headlines Impacting Semtech

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Launched the FX86E 5G RedCap modem targeted at industrial IoT — expands addressable market for low-cost 5G/4G connectivity in industrial modules and private networks. Semtech Launches 5G RedCap Modem for Industrial IoT
• Positive Sentiment: Partnered with Digital Barriers to deliver an AI-powered, device-to-cloud video compression solution for cellular surveillance — could boost module/content sales and recurring connectivity/service revenue. Semtech Partners with Digital Barriers to Launch AI-Powered Video Compression
• Positive Sentiment: Analyst support is building — Susquehanna raised its price target to $100 and other firms (including Oppenheimer coverage noted in market reports) have higher targets or reaffirmed bullish views, underpinning upside expectations. Susquehanna Increases Semtech Price Target to $100.00
• Neutral Sentiment: Technical/valuation context: SMTC trades above its 50- and 200-day moving averages, market cap ~ $7.9B, but an elevated P/E (~275) implies high growth expectations that increase sensitivity to any slowdown.
• Neutral Sentiment: Morgan Stanley issued a “hold” on SMTC (mixed signal vs. other bullish research), which can temper momentum. Semtech Gets a Hold from Morgan Stanley
• Neutral Sentiment: Trading volume was below average today (less than the typical daily volume), suggesting the move may reflect selective profit-taking rather than broad conviction.
• Negative Sentiment: Insider selling: CFO Mark Lin sold 6,582 shares (~$551k), trimming his stake by ~23% — a disclosure that can prompt caution among some investors. SEC Form 4: Mark Lin

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.