Semtech (SMTC) – Investment Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Semtech (NASDAQ: SMTC) in the last few weeks:

• 5/27/2026 – Semtech had its price target raised by Craig Hallum from $105.00 to $205.00. They now have a “buy” rating on the stock.
• 5/27/2026 – Semtech had its price target raised by Benchmark Co. from $120.00 to $230.00. They now have a “buy” rating on the stock.
• 5/27/2026 – Semtech had its price target raised by Morgan Stanley from $155.00 to $175.00. They now have an “equal weight” rating on the stock.
• 5/27/2026 – Semtech had its price target raised by Roth Mkm from $102.00 to $190.00. They now have a “buy” rating on the stock.
• 5/27/2026 – Semtech was given a new $200.00 price target by Oppenheimer Holdings, Inc..
• 5/27/2026 – Semtech had its price target raised by Susquehanna from $170.00 to $200.00. They now have a “positive” rating on the stock.
• 5/27/2026 – Semtech had its price target raised by UBS Group AG from $165.00 to $225.00. They now have a “buy” rating on the stock.
• 5/27/2026 – Semtech was given a new $225.00 price target by Mizuho.
• 5/27/2026 – Semtech had its price target raised by Stifel Nicolaus from $157.00 to $188.00. They now have a “buy” rating on the stock.
• 5/27/2026 – Semtech had its price target raised by B. Riley Financial, Inc. from $165.00 to $210.00. They now have a “buy” rating on the stock.
• 5/27/2026 – Semtech had its price target raised by Robert W. Baird from $110.00 to $225.00. They now have an “outperform” rating on the stock.
• 5/27/2026 – Semtech had its price target raised by Needham & Company LLC from $105.00 to $200.00. They now have a “buy” rating on the stock.
• 5/26/2026 – Semtech was downgraded by Citigroup Inc. from “buy” to “market perform”.
• 5/26/2026 – Semtech had its price target raised by Morgan Stanley from $89.00 to $155.00. They now have an “equal weight” rating on the stock.
• 5/26/2026 – Semtech was downgraded by Northland Securities from “outperform” to “market perform”.
• 5/22/2026 – Semtech had its price target raised by Oppenheimer Holdings, Inc. from $110.00 to $150.00. They now have an “outperform” rating on the stock.
• 5/21/2026 – Semtech was given a new $157.00 price target by Stifel Nicolaus.
• 5/20/2026 – Semtech had its price target raised by Susquehanna from $110.00 to $170.00. They now have a “positive” rating on the stock.
• 5/18/2026 – Semtech had its price target raised by UBS Group AG from $105.00 to $165.00. They now have a “buy” rating on the stock.
• 5/12/2026 – Semtech had its “buy” rating reaffirmed by B. Riley Financial, Inc..
• 4/16/2026 – Semtech had its price target raised by B. Riley Financial, Inc. from $115.00 to $122.00. They now have a “buy” rating on the stock.

Insiders Place Their Bets

In related news, Director Paul V. Walsh, Jr. sold 500 shares of the stock in a transaction that occurred 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 sale, the director owned 23,279 shares of the company’s stock, valued at $3,217,390.59. This represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Elliot Green sold 7,500 shares of Semtech 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 completion of the transaction, the executive vice president directly owned 8,811 shares of the company’s stock, valued at $720,123.03. This represents a 45.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 25,660 shares of company stock valued at $2,268,140 in the last quarter. Company insiders own 0.48% of the company’s stock.

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.