Brokerages Set Semtech Corporation (NASDAQ:SMTC) Target Price at $84.14

Shares of Semtech Corporation (NASDAQ:SMTC) have been assigned an average recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $85.4286.

A number of equities analysts have recently weighed in on SMTC shares. B. Riley Financial boosted their price objective on shares of Semtech from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Semtech in a research note on Monday, December 29th. UBS Group reiterated a “buy” rating on shares of Semtech in a report on Tuesday, November 25th. Roth Mkm increased their price target on Semtech from $65.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Finally, Oppenheimer restated an “outperform” rating and set a $100.00 price objective (up from $81.00) on shares of Semtech in a report on Tuesday, March 10th.

Insider Activity

In other Semtech news, insider John Michael Wilson sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $75.12, for a total value of $375,600.00. Following the sale, the insider directly owned 60,066 shares of the company’s stock, valued at approximately $4,512,157.92. This trade represents a 7.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Asaf Silberstein sold 10,000 shares of Semtech stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $92.00, for a total value of $920,000.00. Following the completion of the sale, the chief operating officer owned 68,496 shares of the company’s stock, valued at $6,301,632. This trade represents a 12.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 40,191 shares of company stock valued at $3,361,412 in the last three months. Company insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Semtech

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Westfield Capital Management Co. LP raised its stake in Semtech by 107.8% during the second quarter. Westfield Capital Management Co. LP now owns 2,747,260 shares of the semiconductor company’s stock worth $124,011,000 after purchasing an additional 1,424,909 shares during the period. Think Investments LP purchased a new stake in shares of Semtech during the 3rd quarter valued at $58,618,000. Ameriprise Financial Inc. increased its holdings in shares of Semtech by 10.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock worth $321,040,000 after buying an additional 666,456 shares during the last quarter. Atreides Management LP acquired a new stake in shares of Semtech during the 2nd quarter worth $29,880,000. Finally, Hood River Capital Management LLC raised its position in shares of Semtech by 36.0% in the 2nd quarter. Hood River Capital Management LLC now owns 2,244,631 shares of the semiconductor company’s stock worth $101,323,000 after buying an additional 594,529 shares during the period.

More Semtech News

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Beat on the quarter — Semtech reported $0.44 EPS vs. $0.43 expected and revenue of $274.4M, slightly topping consensus. The narrow beat is driving positive sentiment on execution. Semtech (SMTC) Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Record sales and margin improvement — the company posted record quarterly net sales and better margins, supporting near-term revenue strength and profitability trends. Semtech Posts Record Quarterly Sales Amid Improved Margins
• Positive Sentiment: New product adds growth optionality — Semtech unveiled a 224Gbps IC family targeting linear optics, which could expand addressable markets in high‑speed connectivity. Semtech Launches 224Gbps IC Family for Linear Optics Era
• Neutral Sentiment: Company materials and call available — press release, slide deck and conference call were published for investors to dig into details; these provide context but didn’t change the headline beat materially. Semtech Announces Fourth Quarter and Fiscal Year 2026 Results
• Neutral Sentiment: Third‑party takes mixed — Morgan Stanley raised its price target to $85 but kept an “equal weight” rating, signaling limited upside from their view despite the PT bump. Benzinga
• Negative Sentiment: Some knee‑jerk selling — at least one note observed the stock dipping after the print, suggesting traders who expected a larger beat or clearer guidance rotated out. That short-term volatility pressured shares despite the beat. Semtech Stock Slides On Q4 Earnings
• Negative Sentiment: Valuation and forward uncertainty — Semtech’s trailing P/E is elevated and some sell‑side forecasts remain cautious (the group expects FY EPS headwinds), which can cap multiple expansion despite the quarter. Semtech (SMTC) Reports Q4 Earnings: What Key Metrics Have to Say

Semtech Trading Up 4.9%

Semtech stock opened at $89.00 on Friday. The stock has a market cap of $8.24 billion, a PE ratio of 287.10 and a beta of 1.99. The stock has a 50-day moving average price of $83.98 and a 200 day moving average price of $74.08. Semtech has a 52 week low of $24.05 and a 52 week high of $96.46. The company has a current ratio of 2.43, a quick ratio of 1.71 and a debt-to-equity ratio of 0.87.

Semtech (NASDAQ:SMTC) last released its earnings results on Monday, March 16th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Semtech had a net margin of 2.77% and a return on equity of 17.00%. The company had revenue of $274.40 million for the quarter, compared to analyst estimates of $273.14 million. During the same period in the prior year, the firm earned $0.40 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Equities research analysts predict that Semtech will post -0.02 earnings per share for the current fiscal year.

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.