Semtech (NASDAQ:SMTC) Sets New 12-Month High – What’s Next?

Posted by Brenda Bartman on Jun 15th, 2026

Semtech Corporation (NASDAQ:SMTC – Get Free Report)’s share price reached a new 52-week high on Monday . The stock traded as high as $175.28 and last traded at $172.5520, with a volume of 22840 shares trading hands. The stock had previously closed at $166.71.

Analyst Upgrades and Downgrades

SMTC has been the subject of a number of recent analyst reports. Northland Securities downgraded shares of Semtech from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 26th. Robert W. Baird increased their price objective on Semtech from $110.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Craig Hallum raised their target price on Semtech from $105.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Morgan Stanley lifted their target price on Semtech from $155.00 to $175.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Finally, Benchmark upped their price target on Semtech from $120.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Thirteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Semtech has a consensus rating of “Moderate Buy” and a consensus price target of $179.73.

View Our Latest Report on SMTC

Semtech Stock Performance

The firm’s fifty day moving average price is $125.55 and its 200 day moving average price is $95.99. The company has a current ratio of 2.37, a quick ratio of 1.62 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $16.04 billion, a price-to-earnings ratio of -441.58 and a beta of 2.32.

Semtech (NASDAQ:SMTC – Get Free Report) last posted its 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. The firm had revenue of $291.02 million during the quarter, compared to the consensus estimate of $283.53 million. Semtech had a negative net margin of 3.05% and a positive return on equity of 18.31%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Analysts forecast that Semtech Corporation will post 1.81 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Paul V. Walsh, Jr. sold 500 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $138.21, for a total transaction of $69,105.00. Following the completion of the transaction, the director directly owned 23,279 shares in the company, valued at $3,217,390.59. This trade represents a 2.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Hong Q. Hou sold 2,000 shares of Semtech stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $162.10, for a total value of $324,200.00. Following the completion of the transaction, the chief executive officer directly owned 69,228 shares of the company’s stock, valued at approximately $11,221,858.80. This represents a 2.81% decrease in their ownership of the stock. 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. In the last three months, insiders sold 25,660 shares of company stock valued at $2,268,140. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its holdings in Semtech by 12,214.3% during the 1st quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock worth $89,000 after buying an additional 2,565 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Semtech by 11.5% in the first quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company’s stock worth $323,000 after acquiring an additional 968 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Semtech by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 411,814 shares of the semiconductor company’s stock worth $14,166,000 after acquiring an additional 22,629 shares during the period. Strs Ohio acquired a new stake in shares of Semtech in the first quarter valued at $65,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Semtech in the second quarter valued at $226,000.

About Semtech

(Get Free Report)

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.