Semtech (NASDAQ:SMTC) Price Target Raised to $105.00 at Craig Hallum

Semtech (NASDAQ:SMTC) had its target price hoisted by Craig Hallum from $80.00 to $105.00 in a research report released on Tuesday morning, Marketbeat Ratings reports. They currently have a buy rating on the semiconductor company’s stock.

Several other research analysts have also recently issued reports on SMTC. Summit Insights upgraded shares of Semtech from a “hold” rating to a “buy” rating in a report on Tuesday, November 25th. Morgan Stanley upped their price target on shares of Semtech from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Monday. Piper Sandler reissued an “overweight” rating and set a $95.00 price target (up from $70.00) on shares of Semtech in a research report on Thursday, December 11th. Oppenheimer reissued an “outperform” rating and issued a $100.00 price target (up from $81.00) on shares of Semtech in a report on Tuesday, March 10th. Finally, UBS Group restated a “buy” rating on shares of Semtech in a research report on Tuesday, November 25th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.14.

Semtech Trading Down 11.0%

NASDAQ SMTC opened at $79.21 on Tuesday. The firm has a market cap of $7.33 billion, a PE ratio of -180.02 and a beta of 1.99. Semtech has a 1-year low of $24.05 and a 1-year high of $96.46. The stock has a 50-day moving average of $84.01 and a 200-day moving average of $74.23. 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 posted its quarterly earnings results on Monday, March 16th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $274.40 million for the quarter, compared to analyst estimates of $273.14 million. Semtech had a positive return on equity of 17.99% and a negative net margin of 3.86%.Semtech’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $0.40 EPS. As a group, 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 the firm’s stock in a transaction on Friday, March 6th. The stock was 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 of the company’s stock, valued at $1,852,968.75. This trade represents a 22.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $75.50, for a total transaction of $78,067.00. Following the completion of the sale, the director owned 2,857 shares in the company, valued at approximately $215,703.50. This trade represents a 26.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 39,691 shares of company stock valued at $3,325,607. 0.48% of the stock is owned by insiders.

Institutional Investors Weigh In On Semtech

Large investors have recently modified their holdings of the stock. Evergreen Capital Management LLC increased its position in shares of Semtech by 2.3% during the fourth quarter. Evergreen Capital Management LLC now owns 5,945 shares of the semiconductor company’s stock valued at $438,000 after buying an additional 136 shares during the period. Stephens Inc. AR raised its position in shares of Semtech by 3.3% in the 4th quarter. Stephens Inc. AR now owns 4,410 shares of the semiconductor company’s stock worth $325,000 after acquiring an additional 142 shares in the last quarter. Journey Strategic Wealth LLC lifted its stake in shares of Semtech by 3.2% in the 3rd quarter. Journey Strategic Wealth LLC now owns 5,074 shares of the semiconductor company’s stock valued at $363,000 after purchasing an additional 159 shares during the period. Captrust Financial Advisors boosted its position in shares of Semtech by 0.8% during the fourth quarter. Captrust Financial Advisors now owns 19,302 shares of the semiconductor company’s stock valued at $1,422,000 after purchasing an additional 162 shares in the last quarter. Finally, AlphaQuest LLC boosted 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 purchasing an additional 173 shares in the last quarter.

Key Headlines Impacting Semtech

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.