Shares of Semtech Corporation (SMTC.O) crossed above their 5-day simple moving average today, signaling a potential bullish trend as the company prepares to announce its Q3 earnings on November 24th. Analysts anticipate a strong performance, with expected earnings per share of $0.45 and revenue of $266.42 million, reflecting a robust year-over-year growth. The semiconductor sector has shown mixed results recently, but Semtech's historical performance, including an 88% success rate in beating EPS estimates, has bolstered investor confidence ahead of the earnings report. As options volatility rises in anticipation of the announcement, market participants are closely monitoring the stock for potential price movements following the earnings release.
Wall Street analysts forecast SMTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SMTC is 82.87 USD with a low forecast of 67.00 USD and a high forecast of 95.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
Wall Street analysts forecast SMTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SMTC is 82.87 USD with a low forecast of 67.00 USD and a high forecast of 95.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Buy
1 Hold
0 Sell
Strong Buy
Current: 81.570
Low
67.00
Averages
82.87
High
95.00
Current: 81.570
Low
67.00
Averages
82.87
High
95.00
Stifel
Buy
maintain
$80 -> $90
2026-01-16
Reason
Stifel
Price Target
$80 -> $90
AI Analysis
2026-01-16
maintain
Buy
Reason
Stifel raised the firm's price target on Semtech to $90 from $80 and keeps a Buy rating on the shares as part of the firm's Q4 earnings preview for the analog, connectivity and processors group. The firm sees analog appetite returning, even as AI infrastructure remains strong and edge AI becomes "more of a reality," the analyst tells investors in the preview.
Piper Sandler
NULL
to
Overweight
maintain
$70 -> $95
2025-12-11
Reason
Piper Sandler
Price Target
$70 -> $95
2025-12-11
maintain
NULL
to
Overweight
Reason
Piper Sandler raised the firm's price target on Semtech to $95 from $70 and keeps an Overweight rating on the shares. The firm believes the IoT business contributes in the neighborhood of 19c to EPS after adjusting for taxes. Based on Piper's estimated sale value of roughly $640M, it expects the overall impact to EPS to be fairly minimal, in the range of 9c to 10c after interest income. The firm would also expect Semtech to deploy the proceeds towards its optical portfolio, more than likely adding to the existing TIA and driver portfolio. The company remains well positioned to capitalize on the fabric opportunity, Piper adds.
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Baird
NULL
to
Outperform
maintain
$70 -> $88
2025-11-25
Reason
Baird
Price Target
$70 -> $88
2025-11-25
maintain
NULL
to
Outperform
Reason
Baird raised the firm's price target on Semtech to $88 from $70 and keeps an Outperform rating on the shares. The firm updated its model to reflect the unfolding of multiple AI vectors and gross margins looking to rebound in 2026.
Benchmark
Buy
maintain
$76 -> $85
2025-11-25
Reason
Benchmark
Price Target
$76 -> $85
2025-11-25
maintain
Buy
Reason
Benchmark raised the firm's price target on Semtech to $85 from $76 and keeps a Buy rating on the shares. Semtech's "solid" October quarter and "encouraging" January revenue guidance was offset by mix-related gross margin pressure that resulted in its EPS outlook being one penny shy of the consensus, the analyst tells investors. With share trading near all-time highs, the firm says it understands "investors' knee-jerk reaction to sell immediately at the first sign of any fundamental concerns," but adds that it believes there were many positive elements in the company's report.
About SMTC
Semtech Corporation is a provider of high-performance semiconductor, Internet of Things (IoT) systems and cloud connectivity service solutions. The Company’s segments include Signal Integrity, Analog Mixed Signal and Wireless, and IoT Systems and Connectivity. The Signal Integrity segment designs, develops, manufactures and markets a portfolio of optical and copper data communications and video transport products used in a wide variety of infrastructure and industrial applications. The Analog Mixed Signal and Wireless segment designs, develops, manufactures and markets high-performance protection devices, which are often referred to as transient voltage suppressors (TVS) and specialized sensing products. The IoT Systems and Connectivity segment designs, develops, operates and markets a comprehensive product portfolio of IoT solutions that enable businesses to connect and manage their devices, collect and analyze data, and improve decision-making.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
