Semtech (NASDAQ:SMTC) Stock Gets Price Target Cut from Stifel Nicolaus

Semtech (NASDAQ:SMTC) had its price objective cut by Stifel Nicolaus from $220.00 to $200.00 in a research report report published on Friday morning, MarketBeat Ratings reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other equities analysts also recently commented on the stock. Morgan Stanley upped their price objective on shares of Semtech from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 26th. Benchmark reaffirmed a “buy” rating on shares of Semtech in a report on Thursday, August 20th. New Street Research set a $230.00 target price on shares of Semtech in a report on Thursday, August 20th. Northland Securities upgraded shares of Semtech from a “market perform” rating to an “outperform” rating and set a $186.00 price target on the stock in a research note on Friday. Finally, Needham & Company LLC reissued a “buy” rating and set a $200.00 price target on shares of Semtech in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $213.11.

Semtech Price Performance

Semtech stock opened at $136.73 on Friday. Semtech has a 12 month low of $60.28 and a 12 month high of $201.99. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.31. The business has a 50 day simple moving average of $156.97 and a 200-day simple moving average of $139.69. The stock has a market capitalization of $12.76 billion, a PE ratio of 90.55 and a beta of 2.41.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share for the quarter, topping 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 the consensus estimate of $328.67 million. During the same period last year, the company earned $0.41 earnings per share. The company’s revenue for the quarter was up 32.7% on a year-over-year basis. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Equities analysts predict that Semtech will post 2.75 earnings per share for the current year.

Insider Transactions at Semtech

In related news, CFO Mark Lin sold 967 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $178.87, for a total transaction of $172,967.29. Following the transaction, the chief financial officer owned 35,999 shares of the company’s stock, valued at $6,439,141.13. This represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rodolpho Cardenuto sold 5,321 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $165.00, for a total value of $877,965.00. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 13,737 shares of company stock valued at $2,267,877. 0.44% of the stock is owned by company insiders.

Hedge Funds Weigh In On Semtech

Institutional investors and hedge funds have recently made changes to their positions in the stock. Andar Capital Management HK Ltd acquired a new stake in shares of Semtech in the second quarter valued at about $162,000,000. BlackRock Inc. purchased 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 boosted its holdings 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 buying an additional 672,447 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings 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 buying an additional 596,373 shares in the last quarter. Finally, Jennison Associates LLC grew its position in Semtech by 15.6% during the first quarter. Jennison Associates LLC now owns 744,380 shares of the semiconductor company’s stock worth $57,235,000 after buying an additional 100,552 shares during the period.

Key Headlines Impacting Semtech

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Semtech raised its near-term Q3 guidance and presented a longer-term outlook through 2030, helping support a recovery in the stock. Northland Securities upgraded SMTC from “market perform” to “outperform” and set a $186 price target. Semtech rises as it boosts Q3 guidance, offers up 2030 outlook; Northland upgrades
• Positive Sentiment: The company expects data-center revenue to more than double in fiscal 2028 and 2029. Baird reaffirmed its “outperform” rating and $300 target, citing record bookings and strong two-year visibility from demand for copper, fiber and optical connectivity used in AI infrastructure. Semtech eyes data center revenue surge as AI infrastructure spending grows
• Positive Sentiment: TD Cowen maintained a “buy” rating with a $215 price target, while BMO raised its target to $230. These targets indicate analysts see substantial upside if Semtech delivers on its data-center growth plans.
• Positive Sentiment: Investors purchased approximately 6,179 SMTC call options, about 43% above average daily volume, signaling increased speculative interest in a rebound.
• Neutral Sentiment: Stifel lowered its price target from $220 to $200 but retained a “buy” rating, suggesting valuation or execution concerns while preserving a positive long-term view. Semtech Stock Rebounds as Wall Street Turns Focus to Near-Term Earnings Targets
• Negative Sentiment: Despite the improved outlook, some investors viewed SMTC as expensive after its roughly eightfold run over the past year. That valuation concern likely contributed to selling pressure around analyst day and could limit further gains unless earnings growth accelerates. Semtech Stock Looks Expensive After Its 8x Run

About Semtech

Semtech Corporation (NASDAQ:SMTC) is a global semiconductor and infrastructure technology company that develops analog and mixed-signal products for communications, industrial, data center, consumer, and automotive applications. Its portfolio is designed to improve connectivity, power efficiency, signal integrity, and protection in electronic systems.

The company’s products include high-speed connectivity solutions for data centers and communications networks, power management and protection devices, signal integrity components, and wireless and radio-frequency technologies.