Semtech (NASDAQ:SMTC) Price Target Raised to $210.00

Key Points

• B. Riley Financial raised Semtech’s price target to $210 from $165 and kept a buy rating, implying about 34.6% upside from the prior close.
• Semtech reported a strong quarter, with EPS of $0.51 topping estimates and revenue of $291 million also beating expectations, while sales rose 15.9% year over year.
• Multiple analysts turned more bullish after the earnings report, with several price-target increases across the Street even as the stock fell 5.1% on the day.

Semtech (NASDAQ:SMTC - Get Free Report) had its price objective boosted by equities research analysts at B. Riley Financial from $165.00 to $210.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the semiconductor company's stock. B. Riley Financial's target price would suggest a potential upside of 34.58% from the company's previous close.

SMTC has been the topic of several other research reports. Morgan Stanley lifted their price target on shares of Semtech from $155.00 to $175.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Craig Hallum boosted their price target on shares of Semtech from $105.00 to $205.00 and gave the stock a "buy" rating in a research note on Wednesday. Benchmark boosted their price target on shares of Semtech from $120.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday. Susquehanna boosted their target price on shares of Semtech from $170.00 to $200.00 and gave the stock a "positive" rating in a report on Wednesday. Finally, Weiss Ratings downgraded shares of Semtech from a "hold (c-)" rating to a "sell (d-)" rating in a report on Tuesday, March 24th. Thirteen investment 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. According to MarketBeat.com, Semtech currently has a consensus rating of "Moderate Buy" and a consensus price target of $179.73.

Semtech Stock Down 5.1%

NASDAQ:SMTC traded down $8.42 during trading hours on Wednesday, reaching $156.04. 5,643,343 shares of the company traded hands, compared to its average volume of 2,293,574. The business's 50-day moving average price is $104.05 and its two-hundred day moving average price is $87.58. The stock has a market capitalization of $14.53 billion, a P/E ratio of -354.92 and a beta of 2.22. Semtech has a 1 year low of $34.59 and a 1 year high of $172.36. The company has a current ratio of 2.37, a quick ratio of 1.66 and a debt-to-equity ratio of 0.89.

Semtech (NASDAQ:SMTC - Get Free Report) last announced its quarterly earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06. Semtech had a negative net margin of 3.86% and a positive return on equity of 18.09%. The company had revenue of $291.00 million during the quarter, compared to the consensus estimate of $283.53 million. During the same quarter last year, the firm earned $0.38 earnings per share. The firm's quarterly revenue was up 15.9% compared to the same quarter last year. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Analysts predict that Semtech will post 1.6 earnings per share for the current year.

Insider Buying and Selling at Semtech

In other news, EVP Jason Elliot Green sold 7,500 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $81.73, for a total value of $612,975.00. Following the sale, the executive vice president owned 8,811 shares in the company, valued at $720,123.03. This represents a 45.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul V. Walsh, Jr. sold 500 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $138.21, for a total transaction of $69,105.00. Following the completion of the sale, the director owned 23,279 shares in the company, valued at $3,217,390.59. The trade was a 2.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 36,884 shares of company stock worth $3,069,245 in the last three months. 0.48% of the stock is owned by company insiders.

Institutional Investors Weigh In On Semtech

Several hedge funds and other institutional investors have recently bought and sold shares of SMTC. Banque Cantonale Vaudoise acquired a new stake in shares of Semtech during the first quarter valued at about $33,000. Hantz Financial Services Inc. increased its position in shares of Semtech by 243.2% during the third quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 360 shares during the last quarter. AlphaQuest LLC increased its position in shares of Semtech by 42.5% during the third quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company's stock valued at $41,000 after acquiring an additional 173 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Semtech by 65.5% during the third quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company's stock valued at $42,000 after acquiring an additional 235 shares during the last quarter. Finally, Assetmark Inc. increased its position in shares of Semtech by 1,745.5% during the third quarter. Assetmark Inc. now owns 609 shares of the semiconductor company's stock valued at $44,000 after acquiring an additional 576 shares during the last quarter.

Semtech News Summary

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.