Needham & Company LLC Boosts Semtech (NASDAQ:SMTC) Price Target to $200.00

Semtech (NASDAQ:SMTC) had its price target boosted by Needham & Company LLC from $105.00 to $200.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price objective points to a potential upside of 21.61% from the stock’s previous close.

SMTC has been the subject of several other reports. Morgan Stanley raised their target price on Semtech from $89.00 to $155.00 and gave the company an “equal weight” rating in a research report on Tuesday. Oppenheimer raised their target price on Semtech from $110.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday. Susquehanna raised their target price on Semtech from $110.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, May 20th. Weiss Ratings lowered Semtech from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, March 24th. Finally, Stifel Nicolaus set a $157.00 price objective on Semtech in a report on Thursday, May 21st. Thirteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $141.67.

Semtech Trading Up 4.9%

Shares of Semtech stock opened at $164.46 on Wednesday. The stock has a fifty day simple moving average of $104.05 and a 200 day simple moving average of $87.58. Semtech has a 12-month low of $34.59 and a 12-month high of $168.29. The company has a market capitalization of $15.31 billion, a P/E ratio of -373.77 and a beta of 2.22. The company has a current ratio of 2.37, a quick ratio of 1.66 and a debt-to-equity ratio of 0.89.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings data on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. Semtech had a positive return on equity of 18.09% and a negative net margin of 3.86%.The firm had revenue of $291.00 million during the quarter, compared to the consensus estimate of $283.53 million. During the same quarter in the prior year, the company earned $0.38 EPS. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. On average, sell-side analysts anticipate that Semtech will post 1.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Martin Burvill sold 2,500 shares of Semtech stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $88.98, for a total value of $222,450.00. Following the completion of the sale, the director owned 4,409 shares of the company’s stock, valued at approximately $392,312.82. This trade represents a 36.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Mark Lin sold 974 shares of Semtech stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $78.42, for a total value of $76,381.08. Following the completion of the sale, the chief financial officer directly owned 33,343 shares of the company’s stock, valued at approximately $2,614,758.06. This trade represents a 2.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 36,884 shares of company stock worth $3,069,245 in the last quarter. 0.48% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SMTC. Think Investments LP bought a new position in Semtech in the 3rd quarter worth about $58,618,000. Ameriprise Financial Inc. boosted its stake in Semtech by 10.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock worth $321,040,000 after purchasing an additional 666,456 shares during the period. Atreides Management LP bought a new position in Semtech in the 2nd quarter worth about $29,880,000. Westfield Capital Management Co. LP boosted its stake in Semtech by 23.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,380,373 shares of the semiconductor company’s stock worth $241,528,000 after purchasing an additional 633,113 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in Semtech by 323.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 781,003 shares of the semiconductor company’s stock worth $60,051,000 after purchasing an additional 596,373 shares during the period.

Key Stories Impacting Semtech

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Semtech delivered a beat-and-raise quarter, with Q1 earnings and revenue both above estimates and Q2 guidance well above expectations. Semtech Announces First Quarter of Fiscal Year 2027 Results
• Positive Sentiment: Management pointed to faster data center growth, driven by 800G FiberEdge and 1.6T ramps, which supports a stronger second-half outlook. SMTC Q1 Earnings Call Flags Faster Data Center Growth
• Positive Sentiment: UBS and Baird both reiterated bullish ratings and raised their price targets to $225, signaling rising confidence in the company’s optical and data center momentum. Semtech Price Target Raised to $225…
• Neutral Sentiment: Northland Securities downgraded the stock to market perform, which partially offsets the otherwise positive post-earnings analyst tone.

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.