Weekly Investment Analysts’ Ratings Updates for Semtech (SMTC)

Semtech (NASDAQ: SMTC) has recently received a number of price target changes and ratings updates:

• 3/14/2025 – Semtech had its price target lowered by analysts at UBS Group AG from $65.00 to $60.00. They now have a “buy” rating on the stock.
• 3/14/2025 – Semtech had its price target lowered by analysts at Stifel Nicolaus from $60.00 to $54.00. They now have a “buy” rating on the stock.
• 3/14/2025 – Semtech had its price target lowered by analysts at Craig Hallum from $70.00 to $55.00. They now have a “buy” rating on the stock.
• 3/14/2025 – Semtech had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $54.00 price target on the stock.
• 3/14/2025 – Semtech had its price target lowered by analysts at Benchmark Co. from $82.00 to $68.00. They now have a “buy” rating on the stock.
• 3/10/2025 – Semtech was given a new $60.00 price target on by analysts at Stifel Nicolaus.
• 2/10/2025 – Semtech had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $55.00 price target on the stock, down previously from $75.00.
• 2/10/2025 – Semtech had its price target lowered by analysts at Stifel Nicolaus from $75.00 to $70.00. They now have a “buy” rating on the stock.
• 2/10/2025 – Semtech had its price target lowered by analysts at Needham & Company LLC from $74.00 to $54.00. They now have a “buy” rating on the stock.
• 2/7/2025 – Semtech had its price target lowered by analysts at Robert W. Baird from $80.00 to $60.00. They now have an “outperform” rating on the stock.

Semtech Price Performance

SMTC stock traded down $1.38 during trading on Wednesday, hitting $38.69. The stock had a trading volume of 1,511,044 shares, compared to its average volume of 2,215,584. The company’s 50-day moving average price is $48.06 and its two-hundred day moving average price is $51.17. Semtech Co. has a twelve month low of $23.17 and a twelve month high of $79.52. The stock has a market capitalization of $2.93 billion, a P/E ratio of -2.96, a PEG ratio of 2.12 and a beta of 1.69.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings results on Thursday, March 13th. The semiconductor company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.32 by $0.08. The firm had revenue of $251.00 million for the quarter, compared to analysts’ expectations of $249.40 million. The firm’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. As a group, sell-side analysts expect that Semtech Co. will post -0.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other Semtech news, SVP Imran Sherazi sold 1,338 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $75.00, for a total transaction of $100,350.00. Following the transaction, the senior vice president now owns 14 shares of the company’s stock, valued at approximately $1,050. The trade was a 98.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Asaf Silberstein sold 2,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $70.00, for a total value of $140,000.00. Following the completion of the sale, the chief operating officer now directly owns 76,417 shares of the company’s stock, valued at $5,349,190. This trade represents a 2.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,577 shares of company stock valued at $884,310 in the last ninety days. 0.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Semtech

Institutional investors and hedge funds have recently bought and sold shares of the company. Natixis Advisors LLC raised its position in shares of Semtech by 100.2% during the 3rd quarter. Natixis Advisors LLC now owns 35,610 shares of the semiconductor company’s stock valued at $1,626,000 after buying an additional 17,823 shares during the period. Mutual of America Capital Management LLC raised its position in Semtech by 6.3% in the third quarter. Mutual of America Capital Management LLC now owns 11,285 shares of the semiconductor company’s stock valued at $515,000 after purchasing an additional 673 shares during the period. Intech Investment Management LLC lifted its stake in shares of Semtech by 128.3% in the 3rd quarter. Intech Investment Management LLC now owns 30,521 shares of the semiconductor company’s stock valued at $1,394,000 after purchasing an additional 17,150 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Semtech by 10.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,057,880 shares of the semiconductor company’s stock worth $48,303,000 after purchasing an additional 100,410 shares during the period. Finally, Citigroup Inc. grew its holdings in shares of Semtech by 50.0% during the 3rd quarter. Citigroup Inc. now owns 97,401 shares of the semiconductor company’s stock worth $4,447,000 after purchasing an additional 32,454 shares during the period.

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.