Semtech (NASDAQ:SMTC) Stock Price Expected to Rise, Oppenheimer Analyst Says

Posted by Brian Himes on Oct 1st, 2026

Semtech (NASDAQ:SMTC – Get Free Report) had its target price upped by Oppenheimer from $200.00 to $225.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the semiconductor company’s stock. Oppenheimer’s price objective would indicate a potential upside of 26.16% from the stock’s current price.

A number of other research firms have also recently issued reports on SMTC. BMO Capital Markets initiated coverage on Semtech in a research report on Wednesday, August 26th. They issued an “outperform” rating and a $155.00 price objective for the company. Northland Securities raised Semtech from a “market perform” rating to an “outperform” rating and set a $182.00 target price on the stock in a report on Thursday, August 27th. Weiss Ratings upgraded Semtech from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. Zacks Research raised Semtech from a “hold” rating to a “strong-buy” rating in a report on Monday, September 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 price objective on shares of Semtech in a research report on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Semtech presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.18.

View Our Latest Stock Report on SMTC

Semtech Price Performance

NASDAQ:SMTC opened at $178.35 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.31 and a debt-to-equity ratio of 0.47. The firm has a fifty day simple moving average of $144.06 and a 200 day simple moving average of $131.29. Semtech has a 1-year low of $60.28 and a 1-year high of $190.64. The stock has a market capitalization of $16.65 billion, a PE ratio of 118.11 and a beta of 2.35.

Semtech (NASDAQ:SMTC – Get Free Report) last issued its earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share (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 company had revenue of $341.87 million for the quarter, compared to analysts’ expectations of $328.67 million. During the same period in the prior year, the firm earned $0.41 EPS. Semtech’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. On average, research analysts expect that Semtech will post 2.64 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Asaf Silberstein sold 8,500 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $127.80, for a total transaction of $1,086,300.00. Following the transaction, the chief operating officer owned 96,862 shares in the company, valued at approximately $12,378,963.60. This trade represents a 8.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 the business’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $129.90, for a total value 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 trade represents a 20.82% decrease in their ownership of the stock. 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 22,768 shares of company stock valued at $3,214,795 in the last ninety days. 0.44% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Semtech

Several institutional investors and hedge funds have recently modified their holdings of the business. Andar Capital Management HK Ltd bought a new position in shares of Semtech in the second quarter worth $162,000,000. BlackRock Inc. bought a new stake in Semtech during the second quarter worth about $1,577,947,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Semtech by 396.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,125 shares of the semiconductor company’s stock worth $136,298,000 after purchasing an additional 672,447 shares during the period. Assenagon Asset Management S.A. lifted its position in Semtech by 323.0% during the first quarter. Assenagon Asset Management S.A. now owns 781,003 shares of the semiconductor company’s stock worth $60,051,000 after purchasing an additional 596,373 shares during the period. Finally, Atreides Management LP acquired a new stake in Semtech during the second quarter worth about $89,214,000.

About Semtech

(Get Free Report)

Semtech Corporation is a global semiconductor and technology company that designs and supplies analog and mixed-signal products for communications, industrial, automotive, consumer, and infrastructure applications. Its solutions are used to manage, protect, connect, and transmit data in electronic systems.

The company’s portfolio includes signal-integrity products, protection devices, power-management components, optical and high-speed connectivity solutions, and video-processing technologies.