Semtech (NASDAQ:SMTC) Given New $210.00 Price Target at B. Riley Financial

Semtech (NASDAQ:SMTC) had its price objective hoisted by B. Riley Financial from $165.00 to $210.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. B. Riley Financial’s price target would indicate a potential upside of 34.58% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Northland Securities cut shares of Semtech from an “outperform” rating to a “market perform” rating in a report on Tuesday. Citigroup downgraded shares of Semtech from a “buy” rating to a “market perform” rating in a research note on Tuesday. Oppenheimer set a $200.00 price target on shares of Semtech in a research note on Wednesday. TD Cowen reiterated a “buy” rating on shares of Semtech in a research note on Tuesday, February 24th. Finally, UBS Group set a $225.00 price target on shares of Semtech in a research note on Wednesday. Thirteen equities research 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $179.73.

Semtech Stock Down 5.1%

Shares of SMTC stock traded down $8.42 during trading on Wednesday, reaching $156.04. The company’s stock had a trading volume of 5,643,343 shares, compared to its average volume of 2,293,574. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.37 and a quick ratio of 1.66. The company has a market capitalization of $14.53 billion, a price-to-earnings ratio of -354.92 and a beta of 2.22. The stock’s 50-day moving average price is $104.05 and its 200 day moving average price is $87.58. Semtech has a 1-year low of $34.59 and a 1-year high of $172.36.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings data on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The firm had revenue of $291.00 million during the quarter, compared to analysts’ expectations of $283.53 million. Semtech had a negative net margin of 3.86% and a positive return on equity of 18.09%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 earnings per share. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. On average, research analysts anticipate that Semtech will post 1.6 EPS for the current year.

Insider Buying and Selling

In other news, EVP Jason Elliot Green sold 7,500 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $81.73, for a total transaction of $612,975.00. Following the transaction, the executive vice president directly owned 8,811 shares of the company’s stock, valued at $720,123.03. This represents a 45.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Hong Q. Hou sold 2,000 shares of the company’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $90.11, for a total transaction of $180,220.00. Following the transaction, the chief executive officer directly owned 73,228 shares in the company, valued at approximately $6,598,575.08. This trade represents a 2.66% 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 sold a total of 36,884 shares of company stock worth $3,069,245 in the last ninety days. Insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Semtech

A number of institutional investors and hedge funds have recently made changes to their positions in SMTC. Banque Cantonale Vaudoise acquired a new position in shares of Semtech during the 1st quarter worth $33,000. Hantz Financial Services Inc. grew its stake in shares of Semtech by 243.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 360 shares during the period. AlphaQuest LLC grew its stake in shares of Semtech by 42.5% during the 3rd quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 173 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Semtech by 65.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 235 shares during the period. Finally, Assetmark Inc. grew its stake in shares of Semtech by 1,745.5% during the 3rd quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 576 shares during the period.

Key Semtech News

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Semtech beat expectations with Q1 EPS of $0.51 versus $0.45 expected, and revenue of $291 million topped estimates while rising 15.9% year over year. Semtech Announces First Quarter of Fiscal Year 2027 Results
• Positive Sentiment: The company guided Q2 revenue to $323 million-$333 million and EPS to $0.59-$0.63, both above consensus, signaling continued momentum into the next quarter. Semtech forecasts $328M Q2 revenue as it targets 35% sequential data center growth
• Positive Sentiment: Analysts turned more constructive after the results, with multiple price-target increases including Baird to $225, UBS to $225, and Needham to $200, reinforcing the view that the post-earnings growth story is improving. Semtech Stock Gains After Q1 Results Beat Estimates, Analysts Raise Price Targets
• Positive Sentiment: Management said record data center revenue and design wins around 800G FiberEdge and 1.6T ramps should support faster growth, which is a key bullish catalyst for SMTC. SMTC Q1 Earnings Call Flags Faster Data Center Growth
• Neutral Sentiment: One broker downgrade from Northland Securities to “market perform” may temper some enthusiasm, but it appears outweighed by the stronger earnings and multiple target hikes. Northland downgrade coverage

About Semtech

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.