Semtech (NASDAQ:SMTC) Upgraded at Zacks Research

Semtech (NASDAQ:SMTC) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday, Zacks reports.

SMTC has been the topic of a number of other reports. Citigroup cut shares of Semtech from a “buy” rating to a “market perform” rating in a research note on Tuesday, May 26th. BMO Capital Markets began coverage on shares of Semtech in a research report on Wednesday, August 26th. They set an “outperform” rating and a $155.00 target price for the company. Stifel Nicolaus increased their price target on Semtech from $157.00 to $188.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Susquehanna raised their price target on Semtech from $170.00 to $200.00 and gave the stock a “positive” rating in a research report on Wednesday, May 27th. Finally, Weiss Ratings raised Semtech from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $204.71.

Semtech Stock Performance

Shares of NASDAQ:SMTC opened at $174.33 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.31 and a debt-to-equity ratio of 0.47. Semtech has a 1-year low of $57.50 and a 1-year high of $190.64. The stock has a market capitalization of $16.27 billion, a P/E ratio of 115.45 and a beta of 2.35. The business has a 50-day moving average price of $138.64 and a two-hundred day moving average price of $127.43.

Semtech (NASDAQ:SMTC) last issued its earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.10. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The company had revenue of $341.87 million for the quarter, compared to analyst estimates of $328.67 million. During the same quarter last year, the firm earned $0.41 EPS. 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 2.64 earnings per share for the current year.

Insider Transactions at Semtech

In other news, CFO Mark Lin sold 683 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $159.90, for a total value of $109,211.70. Following the completion of the transaction, the chief financial officer owned 35,366 shares of the company’s stock, valued at $5,655,023.40. The trade was a 1.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rodolpho C. Cardenuto sold 5,321 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $877,965.00. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 23,238 shares of company stock valued at $3,274,388. Corporate insiders own 0.44% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Leonteq Securities AG grew its holdings in Semtech by 11.2% during the 1st quarter. Leonteq Securities AG now owns 1,171 shares of the semiconductor company’s stock worth $90,000 after acquiring an additional 118 shares during the last quarter. Corient Private Wealth LP raised its stake in shares of Semtech by 4.0% during the second quarter. Corient Private Wealth LP now owns 3,147 shares of the semiconductor company’s stock valued at $515,000 after acquiring an additional 122 shares during the last quarter. ABS Investment Management LLC bought a new position in shares of Semtech during the second quarter valued at $178,035,000. FNY Investment Advisers LLC lifted its holdings in shares of Semtech by 900.0% during the second quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 180 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Semtech during the second quarter worth $32,000.

Semtech News Roundup

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Semtech’s LoRa Plus LR2021 transceiver, based on fourth-generation LoRa technology, won the 2026 EDGE Award for Design Innovation. The recognition may strengthen the company’s position in low-power, connected IoT applications and validate its product technology. Semtech LoRa Plus LR2021 EDGE Award
• Positive Sentiment: The company announced full production availability of its 50G optical fronthaul portfolio for next-generation 5G-Advanced radio deployments. The products address rising uplink-capacity requirements and could benefit from the industry’s move toward 50G interfaces and eventual 6G networks. Semtech 50G Optical Transition
• Positive Sentiment: Semtech joined the XPO Multi-Source Agreement and introduced 200G-per-lane modulator-driver and transimpedance-amplifier ICs for high-density optical interconnects. These offerings target bandwidth-intensive AI data-center infrastructure, a major secular growth market. Semtech XPO Optical Interconnects
• Neutral Sentiment: A Zacks analysis identifies Semtech as a strong momentum candidate, supported by its sharp recent appreciation and favorable technical trend. However, momentum signals do not by themselves establish the company’s fundamental valuation or future earnings performance. Semtech Momentum Stock Analysis
• Negative Sentiment: A Semtech director sold approximately $878,000 of company stock. While one insider transaction is not necessarily a change in business outlook, it can add near-term selling pressure or raise caution after the stock’s substantial rally. Semtech Director Stock Sale

About Semtech

Semtech Corporation (NASDAQ:SMTC) is a global semiconductor and technology company that designs and supplies analog and mixed-signal products. Its solutions are used to manage, protect, connect and process electronic signals in infrastructure, data centers, industrial systems, automotive applications, consumer devices and communications equipment.

The company’s portfolio includes signal-integrity and connectivity products, power-management and protection devices, wireless and radio-frequency solutions, and specialized semiconductors.