Semtech (NASDAQ:SMTC) Given New $98.00 Price Target at Stifel Nicolaus

Semtech (NASDAQ:SMTC) had its target price increased by stock analysts at Stifel Nicolaus from $90.00 to $98.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 22.62% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. TD Cowen reaffirmed a “buy” rating on shares of Semtech in a research report on Tuesday, February 24th. Needham & Company LLC increased their price target on shares of Semtech from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday. UBS Group reissued a “buy” rating on shares of Semtech in a research report on Tuesday, November 25th. Robert W. Baird upped their price objective on Semtech from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Summit Insights raised Semtech from a “hold” rating to a “buy” rating in a report on Tuesday, November 25th. Fourteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Semtech currently has a consensus rating of “Moderate Buy” and an average target price of $89.36.

Semtech Stock Performance

SMTC traded down $9.08 during mid-day trading on Tuesday, reaching $79.92. 1,142,568 shares of the company traded hands, compared to its average volume of 1,472,455. The company’s fifty day moving average price is $83.98 and its 200-day moving average price is $74.08. The stock has a market capitalization of $7.40 billion, a P/E ratio of 257.52 and a beta of 1.99. The company has a quick ratio of 1.71, a current ratio of 2.43 and a debt-to-equity ratio of 0.87. Semtech has a 52-week low of $24.05 and a 52-week high of $96.46.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings data on Monday, March 16th. The semiconductor company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. Semtech had a return on equity of 17.00% and a net margin of 2.77%.The company had revenue of $274.40 million during the quarter, compared to analyst estimates of $273.14 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. Semtech’s revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts expect that Semtech will post -0.02 EPS for the current year.

Insider Buying and Selling at Semtech

In related news, insider John Michael Wilson sold 5,000 shares of the company’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $75.12, for a total transaction of $375,600.00. Following the sale, the insider owned 60,066 shares of the company’s stock, valued at $4,512,157.92. This represents a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory Michael Fischer sold 1,034 shares of Semtech stock in a transaction on Friday, January 9th. The stock was sold at an average price of $75.50, for a total transaction of $78,067.00. Following the completion of the transaction, the director directly owned 2,857 shares of the company’s stock, valued at $215,703.50. The trade was a 26.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 40,191 shares of company stock worth $3,361,412. Company insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Hantz Financial Services Inc. increased its stake in Semtech by 243.2% during the third quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 360 shares during the last quarter. Salomon & Ludwin LLC bought a new position in shares of Semtech during the 3rd quarter valued at approximately $41,000. AlphaQuest LLC raised its holdings in Semtech by 42.5% during the 3rd quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 173 shares during the period. Jones Financial Companies Lllp lifted its position in Semtech by 65.5% in the third quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock worth $42,000 after buying an additional 235 shares during the last quarter. Finally, Assetmark Inc. lifted its position in Semtech by 1,745.5% in the third quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock worth $44,000 after buying an additional 576 shares during the last quarter.

Semtech News Summary

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Baird raised its price target to $110 and set an “outperform” rating, signaling meaningful upside from current levels. Baird raises PT to $110 (Benzinga)
• Positive Sentiment: Needham raised its PT to $105 and assigned a “buy” rating — another vote of confidence from the sell side. Needham raises PT to $105 (TickerReport)
• Positive Sentiment: Benchmark reaffirmed a “buy” and keeps a $115 price target, the highest of the recent raises, which supports further upside expectations. Benchmark reaffirms buy with $115 PT (Benzinga)
• Positive Sentiment: Semtech reported Q4 results that slightly beat consensus (EPS $0.44 vs. $0.43; revenue $274.4M vs. ~$273.1M) and posted record quarterly sales with revenue up year‑over‑year — supporting the bullish analyst revisions. Semtech Q4 results press release (BusinessWire)
• Positive Sentiment: Product momentum: Semtech launched a 224Gbps IC family aimed at the linear‑optics datacenter market, reinforcing the company’s positioning in high‑growth optical connectivity. Semtech launches 224Gbps IC family (Yahoo)
• Neutral Sentiment: Analyst commentary and research notes (TipRanks, Zacks, others) highlight accelerating datacenter exposure and balanced copper/optical mix as reasons for buy ratings — useful context but not new catalyst by itself. TipRanks analyst note
• Neutral Sentiment: Market writeups (Zacks, Seeking Alpha transcript, earnings snapshots) provide detail on margins and metrics; informative for modeling but largely reiterative of the reported quarter. Zacks Q4 coverage
• Neutral Sentiment: Analyst roundup pieces (e.g., Benzinga lists) flagged multiple revisions across the tape — helpful for sentiment tracking but mixed in directional impact. Analyst roundup (Benzinga)
• Negative Sentiment: Some headlines reported that SMTC initially slid on the Q4 release, indicating that while results met/beat estimates, market reaction was mixed — a reminder that execution details and guidance matter. Semtech stock slides on Q4 earnings (Benzinga)
• Negative Sentiment: Morgan Stanley raised its PT to $85 but kept an “equal weight” rating — the lift is modest and implies limited near‑term upside vs. current levels. Morgan Stanley raises PT to $85 (Benzinga)

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.