Semtech (NASDAQ:SMTC) Earns “Buy” Rating from Needham & Company LLC

Posted by Francis Steltz on Jul 13th, 2026

Semtech (NASDAQ:SMTC – Get Free Report)‘s stock had its “buy” rating reaffirmed by equities research analysts at Needham & Company LLC in a report released on Monday,Benzinga reports. They presently have a $200.00 target price on the semiconductor company’s stock. Needham & Company LLC’s price target would indicate a potential upside of 46.92% from the company’s previous close.

SMTC has been the subject of a number of other reports. UBS Group increased their price target on Semtech from $165.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. B. Riley Financial upped their price objective on Semtech from $165.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Zacks Research raised Semtech from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Citigroup cut shares of Semtech from a “buy” rating to a “market perform” rating in a research report on Tuesday, May 26th. Finally, Stifel Nicolaus raised their price objective on shares of Semtech from $157.00 to $188.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Semtech has an average rating of “Moderate Buy” and an average price target of $189.07.

View Our Latest Report on SMTC

Semtech Stock Performance

Shares of SMTC opened at $136.13 on Monday. The firm has a market capitalization of $12.68 billion, a PE ratio of -349.05 and a beta of 2.31. The company has a quick ratio of 1.62, a current ratio of 2.37 and a debt-to-equity ratio of 0.86. The firm has a 50-day moving average price of $147.85 and a 200 day moving average price of $106.72. Semtech has a 52-week low of $46.02 and a 52-week high of $177.35.

Semtech (NASDAQ:SMTC – Get Free Report) last posted its quarterly earnings data on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. Semtech had a negative net margin of 3.05% and a positive return on equity of 18.31%. The business had revenue of $291.02 million during the quarter, compared to analysts’ expectations of $283.53 million. During the same period last year, the firm posted $0.38 earnings per share. The business’s revenue 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 1.81 earnings per share for the current fiscal year.

Insider Activity

In other Semtech news, Director Paul V. Walsh, Jr. sold 500 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $164.99, for a total transaction of $82,495.00. Following the completion of the sale, the director directly owned 28,100 shares of the company’s stock, valued at approximately $4,636,219. This represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Michael Wilson sold 5,500 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $170.00, for a total transaction of $935,000.00. Following the completion of the transaction, the insider owned 80,876 shares of the company’s stock, valued at approximately $13,748,920. The trade was a 6.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 20,734 shares of company stock worth $2,990,056. 0.48% of the stock is owned by company insiders.

Institutional Trading of Semtech

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Semtech by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 11,858,352 shares of the semiconductor company’s stock worth $873,842,000 after buying an additional 298,987 shares during the period. Ameriprise Financial Inc. lifted its stake in Semtech by 3.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,373,744 shares of the semiconductor company’s stock worth $526,861,000 after acquiring an additional 261,647 shares in the last quarter. State Street Corp boosted its position in Semtech by 1.5% during the 2nd quarter. State Street Corp now owns 4,037,107 shares of the semiconductor company’s stock worth $182,235,000 after acquiring an additional 60,788 shares during the period. Whale Rock Capital Management LLC boosted its position in Semtech by 11.3% during the 4th quarter. Whale Rock Capital Management LLC now owns 3,901,469 shares of the semiconductor company’s stock worth $287,499,000 after acquiring an additional 396,504 shares during the period. Finally, Alliancebernstein L.P. grew its stake in Semtech by 8.7% during the 3rd quarter. Alliancebernstein L.P. now owns 3,607,697 shares of the semiconductor company’s stock valued at $257,770,000 after acquiring an additional 289,313 shares in the last quarter.

Semtech Company Profile

(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.