Needham & Company LLC Raises Semtech (NASDAQ:SMTC) Price Target to $105.00

Semtech (NASDAQ:SMTC) had its target price upped by research analysts at Needham & Company LLC from $100.00 to $105.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s target price would indicate a potential upside of 17.98% from the company’s current price.

A number of other brokerages also recently issued reports on SMTC. B. Riley Financial boosted their price objective on shares of Semtech from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Oppenheimer reaffirmed an “outperform” rating and issued a $100.00 target price (up from $81.00) on shares of Semtech in a research report on Tuesday, March 10th. Benchmark reaffirmed a “buy” rating and set a $115.00 target price on shares of Semtech in a research note on Tuesday. Summit Insights raised shares of Semtech from a “hold” rating to a “buy” rating in a research note on Tuesday, November 25th. Finally, Susquehanna lifted their price objective on Semtech from $90.00 to $100.00 and gave the company a “positive” rating in a research report on Monday, March 9th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $87.21.

Semtech Trading Up 4.9%

NASDAQ SMTC opened at $89.00 on Tuesday. The stock has a market cap of $8.24 billion, a P/E ratio of 287.10 and a beta of 1.99. Semtech has a fifty-two week low of $24.05 and a fifty-two week high of $96.46. The stock has a 50 day simple moving average of $83.98 and a two-hundred day simple moving average of $74.08. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.71 and a current ratio of 2.43.

Semtech (NASDAQ:SMTC) last posted its earnings results on Monday, March 16th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The firm had revenue of $274.40 million for the quarter, compared to analysts’ expectations of $273.14 million. Semtech had a return on equity of 17.00% and a net margin of 2.77%.The business’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 earnings per share. On average, analysts forecast that Semtech will post -0.02 earnings per share for the current year.

Insider Activity at Semtech

In related news, COO Asaf Silberstein sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $92.00, for a total transaction of $920,000.00. Following the completion of the transaction, the chief operating officer owned 68,496 shares of the company’s stock, valued at $6,301,632. This trade represents a 12.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregory Michael Fischer sold 1,034 shares of the business’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $75.50, for a total value of $78,067.00. Following the completion of the sale, the director directly owned 2,857 shares in the company, valued at $215,703.50. This trade represents a 26.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 40,191 shares of company stock worth $3,361,412 over the last quarter. 0.48% of the stock is currently owned by company insiders.

Institutional Trading of Semtech

Several institutional investors have recently bought and sold shares of SMTC. Vanguard Group Inc. increased its stake in Semtech by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 11,858,352 shares of the semiconductor company’s stock valued at $873,842,000 after purchasing an additional 298,987 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Semtech by 3.7% in the third quarter. Ameriprise Financial Inc. now owns 7,373,744 shares of the semiconductor company’s stock worth $526,861,000 after buying an additional 261,647 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Semtech by 13.9% in the third quarter. Capital Research Global Investors now owns 4,691,676 shares of the semiconductor company’s stock worth $335,220,000 after buying an additional 571,372 shares in the last quarter. State Street Corp lifted its stake in shares of Semtech by 1.5% in the second quarter. State Street Corp now owns 4,037,107 shares of the semiconductor company’s stock worth $182,235,000 after buying an additional 60,788 shares in the last quarter. Finally, Whale Rock Capital Management LLC grew its holdings in shares of Semtech by 11.3% during the fourth quarter. Whale Rock Capital Management LLC now owns 3,901,469 shares of the semiconductor company’s stock valued at $287,499,000 after buying an additional 396,504 shares during the last quarter.

Semtech News Summary

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Semtech posted record Q4 net sales, a slight top- and bottom-line beat and sequential/YoY revenue growth, highlighting improved margins and a stronger datacenter/optical mix. Semtech Announces Fourth Quarter and Fiscal Year 2026 Results
• Positive Sentiment: Product roadmap boost — Semtech launched a 224Gbps IC family targeting linear optics and hyperscale datacenter links, supporting future revenue upside in high-bandwidth optical components. Semtech Launches 224Gbps IC Family for Linear Optics Era
• Positive Sentiment: Analyst bullishness: a recent Wall Street note highlights accelerating datacenter growth and a balanced copper-optical portfolio, underpinning a buy rating for the stock. Semtech: Accelerating Datacenter Growth and Balanced Copper-Optical Portfolio Underpin Buy Rating
• Positive Sentiment: Multiple outlets (Zacks, TipRanks summaries) note Semtech beat Q4 EPS/revenue estimates and posted improving key metrics vs. year-ago levels. Semtech (SMTC) Tops Q4 Earnings and Revenue Estimates
• Neutral Sentiment: Morgan Stanley raised its price target to $85 but kept an equal-weight rating, signaling mixed analyst sentiment despite the target increase. Benzinga
• Neutral Sentiment: Earnings call transcript and slide deck were posted for investor review — read for management commentary on demand trends and guidance drivers. Semtech Corporation (SMTC) Q4 2026 Earnings Call Transcript
• Negative Sentiment: Market reaction: shares slid after the report — investors appear disappointed by the modest beat, possibly cautious guidance or margins and the stock’s high valuation (elevated P/E), prompting profit-taking. Semtech Stock Slides On Q4 Earnings

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.