Semtech (NASDAQ:SMTC) Receives Buy Rating from Benchmark

Benchmark restated their buy rating on shares of Semtech (NASDAQ:SMTC) in a report published on Tuesday,Benzinga reports. They currently have a $115.00 price target on the semiconductor company’s stock.

Several other research analysts have also recently issued reports on SMTC. B. Riley Financial upped their price objective on Semtech from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Roth Mkm raised their target price on Semtech from $65.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Morgan Stanley boosted their target price on Semtech from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Monday. Susquehanna increased their price target on shares of Semtech from $90.00 to $100.00 and gave the company a “positive” rating in a research note on Monday, March 9th. Finally, Oppenheimer reissued an “outperform” rating and set a $100.00 price objective (up from $81.00) on shares of Semtech in a report on Tuesday, March 10th. Fourteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $93.14.

Semtech Price Performance

Shares of SMTC opened at $79.21 on Tuesday. The firm has a market capitalization of $7.33 billion, a price-to-earnings ratio of -180.02 and a beta of 1.99. The firm’s fifty day simple moving average is $84.01 and its 200-day simple moving average is $74.23. Semtech has a twelve month low of $24.05 and a twelve month high of $96.46. The company has a current ratio of 2.43, a quick ratio of 1.71 and a debt-to-equity ratio of 0.87.

Semtech (NASDAQ:SMTC) last issued its earnings results on Monday, March 16th. The semiconductor company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $274.40 million during the quarter, compared to the consensus estimate of $273.14 million. Semtech had a negative net margin of 3.86% and a positive return on equity of 17.99%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Equities analysts forecast that Semtech will post -0.02 EPS for the current fiscal year.

Insider Transactions at Semtech

In other Semtech news, Director Gregory Michael Fischer sold 1,034 shares of the firm’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 owned 2,857 shares of the company’s stock, valued at approximately $215,703.50. This trade represents a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Asaf Silberstein sold 10,000 shares of the business’s stock in a transaction 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 sale, the chief operating officer owned 68,496 shares in the company, valued at $6,301,632. The trade was a 12.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 39,691 shares of company stock valued at $3,325,607. 0.48% of the stock is owned by company insiders.

Hedge Funds Weigh In On Semtech

Large investors have recently made changes to their positions in the stock. Westfield Capital Management Co. LP boosted its holdings in Semtech by 107.8% during the second quarter. Westfield Capital Management Co. LP now owns 2,747,260 shares of the semiconductor company’s stock worth $124,011,000 after buying an additional 1,424,909 shares in the last quarter. Think Investments LP purchased a new position in Semtech in the third quarter valued at about $58,618,000. Ameriprise Financial Inc. lifted its position in shares of Semtech by 10.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock valued at $321,040,000 after acquiring an additional 666,456 shares during the period. Atreides Management LP acquired a new stake in shares of Semtech during the 2nd quarter valued at approximately $29,880,000. Finally, Hood River Capital Management LLC boosted its stake in shares of Semtech by 36.0% during the 2nd quarter. Hood River Capital Management LLC now owns 2,244,631 shares of the semiconductor company’s stock worth $101,323,000 after acquiring an additional 594,529 shares in the last quarter.

Key Semtech News

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Q4 results topped expectations — record net sales and a modest non‑GAAP EPS beat driven by stronger data‑center demand, supporting growth narrative. Zacks: Semtech’s Q4 Earnings Surpass Estimates
• Positive Sentiment: Wall Street pushed price targets higher and reiterated buy/outperform views (Needham, Baird, Stifel, Craig Hallum, Benchmark among those raising PTs), indicating analyst conviction that data‑center momentum and product roadmap justify higher valuations. StreetInsider: Craig Hallum PT Raise
• Positive Sentiment: Unusual options activity: large spike in call buying (≈5,552 calls, ~351% above normal), which signals some traders are positioning for upside despite the pullback.
• Neutral Sentiment: Management gave Q1 guidance roughly in line with expectations (net sales ≈ $283M ± $5M; non‑GAAP EPS ≈ $0.45 ± $0.03), so near‑term growth visibility remains steady but not clearly accelerating. BusinessWire: Q4 Results & Guidance
• Neutral Sentiment: Product roadmap continues: company launched new 224Gbps IC family for linear optics, supporting the long‑term data‑center TAM but with revenue contribution timing uncertain. Yahoo Finance: 224Gbps IC Launch
• Negative Sentiment: Q4 included sizable goodwill/intangible impairment charges that produced a GAAP loss (GAAP EPS negative), clouding near‑term profitability and prompting mark‑to‑market concerns. QuiverQuant: GAAP Loss & Impairment Analysis
• Negative Sentiment: Margin pressure from higher expenses and the impairments reduced headline profitability, and the report appears to have triggered a “sell‑the‑news” move after recent multiple expansion. Institutional repositioning and notable insider selling add to near‑term selling pressure. QuiverQuant: Institutional & Insider Activity

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.