Semtech (NASDAQ:SMTC) Price Target Raised to $225.00

Semtech (NASDAQ:SMTC) had its price target increased by analysts at Robert W. Baird from $110.00 to $225.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the semiconductor company’s stock. Robert W. Baird’s price objective suggests a potential upside of 36.81% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. Susquehanna boosted their price objective on Semtech from $110.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, May 20th. Citigroup cut Semtech from a “buy” rating to a “market perform” rating in a report on Tuesday. Craig Hallum boosted their price objective on Semtech from $80.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, March 17th. Northland Securities cut Semtech from an “outperform” rating to a “market perform” rating in a report on Tuesday. Finally, UBS Group boosted their price objective on Semtech from $105.00 to $165.00 and gave the company a “buy” rating in a report on Monday, May 18th. Thirteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $141.67.

Semtech Stock Performance

Shares of SMTC opened at $164.46 on Wednesday. The stock has a 50-day moving average of $104.05 and a two-hundred day moving average of $87.58. Semtech has a one year low of $34.59 and a one year high of $168.29. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.66 and a current ratio of 2.37. The stock has a market cap of $15.31 billion, a P/E ratio of -373.77 and a beta of 2.22.

Semtech (NASDAQ:SMTC) last issued 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. The business had revenue of $291.00 million during the quarter, compared to analysts’ expectations of $283.53 million. Semtech had a positive return on equity of 18.09% and a negative net margin of 3.86%.The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 EPS. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. As a group, research analysts predict that Semtech will post 1.6 EPS for the current year.

Insider Buying and Selling

In related news, CEO Hong Q. Hou sold 2,000 shares of the company’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $90.11, for a total value of $180,220.00. Following the completion of the transaction, the chief executive officer owned 73,228 shares of the company’s stock, valued at approximately $6,598,575.08. This represents a 2.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark Lin sold 9,186 shares of the company’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $75.05, for a total value of $689,409.30. Following the completion of the transaction, the chief financial officer directly owned 32,710 shares of the company’s stock, valued at $2,454,885.50. The trade was a 21.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 36,884 shares of company stock worth $3,069,245 in the last ninety days. 0.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Semtech

A number of large investors have recently bought and sold shares of the business. Leonteq Securities AG raised 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 worth $90,000 after purchasing an additional 118 shares during the period. Evergreen Capital Management LLC raised its holdings in Semtech by 2.3% in the 4th quarter. Evergreen Capital Management LLC now owns 5,945 shares of the semiconductor company’s stock worth $438,000 after purchasing an additional 136 shares during the period. Stephens Inc. AR raised its holdings in Semtech by 3.3% in the 4th quarter. Stephens Inc. AR now owns 4,410 shares of the semiconductor company’s stock worth $325,000 after purchasing an additional 142 shares during the period. Journey Strategic Wealth LLC raised its holdings in Semtech by 3.2% in the 3rd quarter. Journey Strategic Wealth LLC now owns 5,074 shares of the semiconductor company’s stock worth $363,000 after purchasing an additional 159 shares during the period. Finally, Captrust Financial Advisors increased its stake in Semtech by 0.8% during the 4th quarter. Captrust Financial Advisors now owns 19,302 shares of the semiconductor company’s stock worth $1,422,000 after buying an additional 162 shares in the last quarter.

Key Headlines Impacting Semtech

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Semtech delivered a beat-and-raise quarter, with Q1 earnings and revenue both above estimates and Q2 guidance well above expectations. Semtech Announces First Quarter of Fiscal Year 2027 Results
• Positive Sentiment: Management pointed to faster data center growth, driven by 800G FiberEdge and 1.6T ramps, which supports a stronger second-half outlook. SMTC Q1 Earnings Call Flags Faster Data Center Growth
• Positive Sentiment: UBS and Baird both reiterated bullish ratings and raised their price targets to $225, signaling rising confidence in the company’s optical and data center momentum. Semtech Price Target Raised to $225…
• Neutral Sentiment: Northland Securities downgraded the stock to market perform, which partially offsets the otherwise positive post-earnings analyst tone.

Semtech Company Profile

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.