Semtech (NASDAQ:SMTC) Stock Price Down 5.3% – Here’s Why

Posted by Brenda Bartman on Sep 3rd, 2026

Semtech Corporation (NASDAQ:SMTC – Get Free Report) shares traded down 5.3% on Thursday . The company traded as low as $127.14 and last traded at $126.7980. Approximately 161,636 shares were traded during trading, a decline of 94% from the average session volume of 2,730,529 shares. The stock had previously closed at $133.85.

Analysts Set New Price Targets

Several analysts recently weighed in on SMTC shares. UBS Group boosted their price objective on shares of Semtech from $225.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, August 26th. Oppenheimer set a $200.00 target price on Semtech in a report on Wednesday, May 27th. Roth Capital set a $220.00 price target on Semtech in a research report on Wednesday, August 26th. Morgan Stanley increased their price target on Semtech from $175.00 to $195.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 26th. Finally, Susquehanna raised their price objective on Semtech from $170.00 to $200.00 and gave the stock a “positive” rating in a research report on Wednesday, May 27th. Fifteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Semtech has an average rating of “Moderate Buy” and an average target price of $204.71.

Check Out Our Latest Stock Analysis on Semtech

Semtech Price Performance

The firm has a market cap of $12.44 billion, a P/E ratio of 88.14 and a beta of 2.35. The company has a quick ratio of 1.31, a current ratio of 1.70 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $133.13 and its two-hundred day moving average is $120.27.

Semtech (NASDAQ:SMTC – Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The business had revenue of $341.87 million for the quarter, compared to analysts’ expectations of $328.67 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The business’s quarterly revenue was up 32.7% compared to the same quarter last year. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. As a group, analysts anticipate that Semtech Corporation will post 2.64 earnings per share for the current year.

Insider Buying and Selling at Semtech

In other news, CEO Hong Q. Hou sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $133.00, for a total transaction of $266,000.00. Following the completion of the sale, the chief executive officer owned 64,799 shares of the company’s stock, valued at $8,618,267. This trade represents a 2.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Elliot Green sold 2,264 shares of Semtech stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $129.90, for a total transaction of $294,093.60. Following the completion of the sale, the executive vice president owned 8,611 shares of the company’s stock, valued at $1,118,568.90. This represents a 20.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,734 shares of company stock valued at $3,133,986 over the last ninety days. Insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On Semtech

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Royce & Associates LP boosted its holdings in Semtech by 144.5% in the fourth quarter. Royce & Associates LP now owns 107,617 shares of the semiconductor company’s stock worth $7,930,000 after acquiring an additional 63,603 shares in the last quarter. Argos Wealth Advisors LLC acquired a new position in shares of Semtech during the fourth quarter worth approximately $640,000. Geode Capital Management LLC lifted its holdings in shares of Semtech by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 2,099,033 shares of the semiconductor company’s stock worth $154,704,000 after purchasing an additional 6,715 shares in the last quarter. Swiss National Bank grew its position in Semtech by 6.9% in the 1st quarter. Swiss National Bank now owns 183,000 shares of the semiconductor company’s stock valued at $14,071,000 after purchasing an additional 11,800 shares during the period. Finally, Strs Ohio grew its position in Semtech by 558.9% in the 4th quarter. Strs Ohio now owns 48,100 shares of the semiconductor company’s stock valued at $3,544,000 after purchasing an additional 40,800 shares during the period.

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.