Semtech (NASDAQ:SMTC) Price Target Raised to $85.00 at Morgan Stanley

Semtech (NASDAQ:SMTC) had its price objective hoisted by Morgan Stanley from $75.00 to $85.00 in a report issued on Monday morning,Benzinga reports. They currently have an equal weight rating on the semiconductor company’s stock.

SMTC has been the subject of a number of other research reports. TD Cowen restated a “buy” rating on shares of Semtech in a report on Tuesday, February 24th. Roth Mkm increased their price objective on Semtech from $65.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. UBS Group reissued a “buy” rating on shares of Semtech in a research note on Tuesday, November 25th. Stifel Nicolaus lifted their target price on Semtech from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Semtech in a research report on Monday, December 29th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.43.

Semtech Trading Up 4.9%

Shares of SMTC opened at $89.00 on Monday. Semtech has a 12-month low of $24.05 and a 12-month high of $96.46. The firm has a market capitalization of $8.24 billion, a P/E ratio of 287.10 and a beta of 1.99. The firm has a 50-day moving average price of $83.98 and a 200 day moving average price of $74.08. 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 company had revenue of $274.40 million for the quarter, compared to the consensus estimate of $273.14 million. Semtech had a net margin of 2.77% and a return on equity of 17.00%. Semtech’s quarterly 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. Sell-side analysts forecast that Semtech will post -0.02 EPS for the current year.

Insider Activity

In related news, CFO Mark Lin sold 6,582 shares of Semtech stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $83.75, for a total value of $551,242.50. Following the completion of the sale, the chief financial officer owned 22,125 shares in the company, valued at approximately $1,852,968.75. This trade represents a 22.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory Michael Fischer sold 1,034 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The shares were 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 approximately $215,703.50. The trade was a 26.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 40,191 shares of company stock worth $3,361,412 in the last three months. 0.48% of the stock is currently owned by corporate insiders.

Institutional Trading of Semtech

A number of institutional investors and hedge funds have recently bought and sold shares of SMTC. Westfield Capital Management Co. LP lifted its holdings in Semtech by 107.8% during the 2nd 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 stake in shares of Semtech during the third quarter worth $58,618,000. Ameriprise Financial Inc. increased its position in shares of Semtech by 10.3% during the second quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock worth $321,040,000 after acquiring an additional 666,456 shares during the period. Atreides Management LP acquired a new stake in shares of Semtech in the second quarter valued at $29,880,000. Finally, Hood River Capital Management LLC raised its stake in shares of Semtech by 36.0% in the second quarter. Hood River Capital Management LLC now owns 2,244,631 shares of the semiconductor company’s stock valued at $101,323,000 after acquiring an additional 594,529 shares in the last quarter.

Key Headlines Impacting Semtech

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Beat on the quarter — Semtech reported $0.44 EPS vs. $0.43 expected and revenue of $274.4M, slightly topping consensus. The narrow beat is driving positive sentiment on execution. Semtech (SMTC) Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Record sales and margin improvement — the company posted record quarterly net sales and better margins, supporting near-term revenue strength and profitability trends. Semtech Posts Record Quarterly Sales Amid Improved Margins
• Positive Sentiment: New product adds growth optionality — Semtech unveiled a 224Gbps IC family targeting linear optics, which could expand addressable markets in high‑speed connectivity. Semtech Launches 224Gbps IC Family for Linear Optics Era
• Neutral Sentiment: Company materials and call available — press release, slide deck and conference call were published for investors to dig into details; these provide context but didn’t change the headline beat materially. Semtech Announces Fourth Quarter and Fiscal Year 2026 Results
• Neutral Sentiment: Third‑party takes mixed — Morgan Stanley raised its price target to $85 but kept an “equal weight” rating, signaling limited upside from their view despite the PT bump. Benzinga
• Negative Sentiment: Some knee‑jerk selling — at least one note observed the stock dipping after the print, suggesting traders who expected a larger beat or clearer guidance rotated out. That short-term volatility pressured shares despite the beat. Semtech Stock Slides On Q4 Earnings
• Negative Sentiment: Valuation and forward uncertainty — Semtech’s trailing P/E is elevated and some sell‑side forecasts remain cautious (the group expects FY EPS headwinds), which can cap multiple expansion despite the quarter. Semtech (SMTC) Reports Q4 Earnings: What Key Metrics Have to Say

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.