Semtech (NASDAQ:SMTC) Earns “Buy” Rating from Benchmark

Semtech (NASDAQ:SMTC)‘s stock had its “buy” rating reissued by equities researchers at Benchmark in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $115.00 price objective on the semiconductor company’s stock. Benchmark’s price objective suggests a potential upside of 29.21% from the company’s current price.

Other analysts have also recently issued reports about the stock. B. Riley Financial lifted their target price on shares of Semtech from $90.00 to $91.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Robert W. Baird upped their price target on shares of Semtech from $70.00 to $88.00 and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Summit Insights upgraded shares of Semtech from a “hold” rating to a “buy” rating in a research note on Tuesday, November 25th. Piper Sandler reissued an “overweight” rating and set a $95.00 price objective (up from $70.00) on shares of Semtech in a report on Thursday, December 11th. Finally, Oppenheimer restated an “outperform” rating and issued a $100.00 target price (up from $81.00) on shares of Semtech in a research note on Tuesday, March 10th. 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, Semtech currently has an average rating of “Moderate Buy” and an average price target of $87.21.

Semtech Trading Up 4.9%

Shares of NASDAQ:SMTC opened at $89.00 on Tuesday. The business’s 50-day moving average is $83.98 and its 200 day moving average is $74.08. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.43 and a quick ratio of 1.71. Semtech has a 1 year low of $24.05 and a 1 year 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.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings results on Monday, March 16th. The semiconductor company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Semtech had a return on equity of 17.00% and a net margin of 2.77%.The business had revenue of $274.40 million during the quarter, compared to the consensus estimate of $273.14 million. During the same quarter last year, the company earned $0.40 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. On average, research analysts predict that Semtech will post -0.02 earnings per share for the current fiscal year.

Insider Activity at Semtech

In other Semtech news, insider John Michael Wilson sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $75.12, for a total value of $375,600.00. Following the completion of the transaction, the insider directly owned 60,066 shares of the company’s stock, valued at approximately $4,512,157.92. The trade was a 7.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gregory Michael Fischer sold 1,034 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $215,703.50. This represents a 26.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 40,191 shares of company stock valued at $3,361,412 in the last 90 days. 0.48% of the stock is currently owned by corporate insiders.

Institutional Trading of Semtech

A number of hedge funds have recently added to or reduced their stakes in SMTC. Hantz Financial Services Inc. grew its position in 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 buying an additional 360 shares during the period. Salomon & Ludwin LLC acquired a new position in shares of Semtech in the third quarter worth about $41,000. AlphaQuest LLC boosted its stake in shares of Semtech by 42.5% during the 3rd quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 173 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Semtech by 65.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 235 shares in the last quarter. Finally, Assetmark Inc. grew its position in shares of Semtech by 1,745.5% during the 3rd 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 period.

Key Stories Impacting Semtech

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Semtech posted record Q4 net sales, a slight top- and bottom-line beat and sequential/YoY revenue growth, highlighting improved margins and a stronger datacenter/optical mix. Semtech Announces Fourth Quarter and Fiscal Year 2026 Results
• Positive Sentiment: Product roadmap boost — Semtech launched a 224Gbps IC family targeting linear optics and hyperscale datacenter links, supporting future revenue upside in high-bandwidth optical components. Semtech Launches 224Gbps IC Family for Linear Optics Era
• Positive Sentiment: Analyst bullishness: a recent Wall Street note highlights accelerating datacenter growth and a balanced copper-optical portfolio, underpinning a buy rating for the stock. Semtech: Accelerating Datacenter Growth and Balanced Copper-Optical Portfolio Underpin Buy Rating
• Positive Sentiment: Multiple outlets (Zacks, TipRanks summaries) note Semtech beat Q4 EPS/revenue estimates and posted improving key metrics vs. year-ago levels. Semtech (SMTC) Tops Q4 Earnings and Revenue Estimates
• Neutral Sentiment: Morgan Stanley raised its price target to $85 but kept an equal-weight rating, signaling mixed analyst sentiment despite the target increase. Benzinga
• Neutral Sentiment: Earnings call transcript and slide deck were posted for investor review — read for management commentary on demand trends and guidance drivers. Semtech Corporation (SMTC) Q4 2026 Earnings Call Transcript
• Negative Sentiment: Market reaction: shares slid after the report — investors appear disappointed by the modest beat, possibly cautious guidance or margins and the stock’s high valuation (elevated P/E), prompting profit-taking. Semtech Stock Slides On Q4 Earnings

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.