Semtech (NASDAQ:SMTC) Price Target Raised to $110.00

Semtech (NASDAQ:SMTC) had its price target boosted by Robert W. Baird from $88.00 to $110.00 in a report published on Tuesday,Benzinga reports. They currently have an outperform rating on the semiconductor company’s stock.

Other equities analysts have also recently issued reports about the company. Wall Street Zen cut Semtech from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 26th. Morgan Stanley raised their target price on Semtech from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Monday. UBS Group reiterated a “buy” rating on shares of Semtech in a research report on Tuesday, November 25th. TD Cowen reissued a “buy” rating on shares of Semtech in a report on Tuesday, February 24th. Finally, Susquehanna raised their price objective on shares of Semtech from $90.00 to $100.00 and gave the company a “positive” rating in a research report on Monday, March 9th. Fourteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $93.14.

Semtech Trading Up 6.8%

Shares of NASDAQ:SMTC opened at $78.35 on Tuesday. The company has a 50 day moving average of $84.08 and a 200-day moving average of $74.25. The company has a current ratio of 2.37, a quick ratio of 1.71 and a debt-to-equity ratio of 0.89. The firm has a market cap of $7.25 billion, a P/E ratio of -178.07 and a beta of 1.99. Semtech has a twelve month low of $24.05 and a twelve month high of $96.46.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Monday, March 16th. The semiconductor company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $274.40 million for the quarter, compared to analyst estimates of $273.14 million. Semtech had a negative net margin of 3.86% and a positive return on equity of 18.09%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business earned $0.40 earnings per share. As a group, analysts anticipate that Semtech will post -0.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Mark Lin sold 6,582 shares of the business’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $83.75, for a total transaction of $551,242.50. Following the sale, the chief financial officer directly owned 22,125 shares of the company’s stock, valued at $1,852,968.75. The trade was a 22.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Saar Gillai sold 3,600 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $75.26, for a total value of $270,936.00. Following the sale, the director directly owned 9,523 shares of the company’s stock, valued at approximately $716,700.98. This represents a 27.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 39,691 shares of company stock worth $3,325,607. Corporate insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. raised its holdings in shares of Semtech by 243.2% during the third quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 360 shares during the period. Salomon & Ludwin LLC acquired a new position in Semtech in the 3rd quarter worth approximately $41,000. AlphaQuest LLC grew its position in Semtech by 42.5% during the 3rd quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 173 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Semtech by 65.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 235 shares during the period. Finally, Assetmark Inc. raised its stake in Semtech by 1,745.5% during the 3rd quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 576 shares during the period.

More Semtech News

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Multiple brokerages reiterated or raised bullish views and price targets on SMTC, signaling increased analyst conviction and supporting buying interest. Benchmark Reaffirms Buy Rating for Semtech (NASDAQ:SMTC)
• Positive Sentiment: Needham published a forecast calling for strong price appreciation, adding to the positive analyst momentum. Needham & Company LLC Forecasts Strong Price Appreciation for Semtech (NASDAQ:SMTC) Stock
• Positive Sentiment: Robert W. Baird and Stifel Nicolaus each issued notes expecting the stock to rise, contributing to consensus bullishness among sell‑side firms. Semtech (NASDAQ:SMTC) Stock Price Expected to Rise, Robert W. Baird Analyst Says Semtech (NASDAQ:SMTC) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says
• Positive Sentiment: Morgan Stanley raised its price target to $85, which can support further upside as institutional targets climb. Morgan Stanley Increases Semtech (NASDAQ:SMTC) Price Target to $85.00
• Positive Sentiment: Investors bought a high volume of call options on SMTC, indicating short‑term bullish positioning that can amplify upward moves. Investors Purchase High Volume of Call Options on Semtech (NASDAQ:SMTC)
• Positive Sentiment: Company results and commentary highlighted record sales, AI focus, and new product launches (including 224G and IoT efforts) that could help reframe Semtech’s profitability trajectory. A Look At Semtech (SMTC) Valuation After Record Sales And AI Focused Earnings Update How Record Sales and New 224G, IoT Launches Could Reframe Semtech’s (SMTC) Loss‑Making Story
• Neutral Sentiment: Press and analyst roundups (Globe and Mail / TipRanks) aggregated sell‑side commentary but offered mixed takeaways rather than new company‑specific catalysts. Analysts Offer Insights on Technology Companies: Semtech (SMTC)… Analysts Offer Insights on Technology Companies: Semtech (SMTC) and STMicroelectronics (STM)
• Negative Sentiment: Valuation scrutiny: some commentary questions whether current prices fully reflect the risks given Semtech’s recent loss history despite revenue growth — a potential headwind if sentiment shifts. Is Semtech Stock Overvalued At $80?

Semtech Company Profile

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.