Semtech (NASDAQ:SMTC – Get Free Report) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday, Zacks reports.
Other research analysts have also issued reports about the stock. Citigroup lowered shares of Semtech from a “buy” rating to a “market perform” rating in a report on Tuesday, May 26th. Susquehanna increased their price target on shares of Semtech from $170.00 to $200.00 and gave the stock a “positive” rating in a research note on Wednesday, May 27th. Weiss Ratings upgraded shares of Semtech from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, September 9th. B. Riley Financial boosted their price objective on shares of Semtech from $165.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Finally, New Street Research set a $230.00 price objective on Semtech in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $204.71.
Check Out Our Latest Report on SMTC
Semtech Trading Down 1.7%
Semtech (NASDAQ:SMTC – Get Free Report) last released its earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.61 by $0.10. Semtech had a return on equity of 21.74% and a net margin of 13.11%.The firm had revenue of $341.87 million during the quarter, compared to analyst estimates of $328.67 million. During the same period 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. Analysts anticipate that Semtech will post 2.64 earnings per share for the current year.
Insiders Place Their Bets
In other news, CEO Hong Hou sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $133.00, for a total value of $266,000.00. Following the completion of the sale, the chief executive officer directly owned 64,799 shares in the company, valued at approximately $8,618,267. The trade was a 2.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Asaf Silberstein sold 8,500 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $127.80, for a total transaction of $1,086,300.00. Following the sale, the chief operating officer owned 96,862 shares of the company’s stock, valued at approximately $12,378,963.60. The trade was a 8.07% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 23,238 shares of company stock valued at $3,274,388. 0.44% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the stock. Leonteq Securities AG grew its holdings in Semtech by 11.2% in the 1st quarter. Leonteq Securities AG now owns 1,171 shares of the semiconductor company’s stock valued at $90,000 after buying an additional 118 shares during the last quarter. Corient Private Wealth LP lifted its holdings in shares of Semtech by 4.0% during the second quarter. Corient Private Wealth LP now owns 3,147 shares of the semiconductor company’s stock worth $515,000 after buying an additional 122 shares during the last quarter. ABS Investment Management LLC bought a new stake in shares of Semtech in the second quarter valued at approximately $178,035,000. FNY Investment Advisers LLC boosted its position in shares of Semtech by 900.0% in the second quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 180 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Semtech in the second quarter worth $32,000.
Key Headlines Impacting Semtech
Here are the key news stories impacting Semtech this week:
- Positive Sentiment: Semtech’s LoRa Plus LR2021 transceiver, based on fourth-generation LoRa technology, won the 2026 EDGE Award for Design Innovation. The recognition may strengthen the company’s position in low-power, connected IoT applications and validate its product technology. Semtech LoRa Plus LR2021 EDGE Award
- Positive Sentiment: The company announced full production availability of its 50G optical fronthaul portfolio for next-generation 5G-Advanced radio deployments. The products address rising uplink-capacity requirements and could benefit from the industry’s move toward 50G interfaces and eventual 6G networks. Semtech 50G Optical Transition
- Positive Sentiment: Semtech joined the XPO Multi-Source Agreement and introduced 200G-per-lane modulator-driver and transimpedance-amplifier ICs for high-density optical interconnects. These offerings target bandwidth-intensive AI data-center infrastructure, a major secular growth market. Semtech XPO Optical Interconnects
- Neutral Sentiment: A Zacks analysis identifies Semtech as a strong momentum candidate, supported by its sharp recent appreciation and favorable technical trend. However, momentum signals do not by themselves establish the company’s fundamental valuation or future earnings performance. Semtech Momentum Stock Analysis
- Negative Sentiment: A Semtech director sold approximately $878,000 of company stock. While one insider transaction is not necessarily a change in business outlook, it can add near-term selling pressure or raise caution after the stock’s substantial rally. Semtech Director Stock Sale
Semtech Company Profile
Semtech Corporation (NASDAQ:SMTC) is a global semiconductor and technology company that designs and supplies analog and mixed-signal products. Its solutions are used to manage, protect, connect and process electronic signals in infrastructure, data centers, industrial systems, automotive applications, consumer devices and communications equipment.
The company’s portfolio includes signal-integrity and connectivity products, power-management and protection devices, wireless and radio-frequency solutions, and specialized semiconductors.
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