SMTC

Semtech Corp

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Advanced Chart

50.850

-0.65(-1.262%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

52.0252

Open

51.930

VWAP

51.30

Vol

1.64M

Mkt Cap

4.41B

Low

50.720

Amount

84.05M

EV/EBITDA(TTM)

35.59

Total Shares

64.65M

4.78B

EV/OCF(TTM)

55.63

P/S(TTM)

4.15

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.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q4

FY2026Q3

FY2026Q2

260.83M

+3.92%

0.442

+10.44%

264.74M

+11.8%

0.438

+68.35%

256.06M

+18.9%

0.401

+264.81%

Estimates Revision

The market is revising Downward the revenue expectations for Semtech Corporation (SMTC) for FY2026, with the revenue forecasts being adjusted by -0.22% over the past three months. During the same period, the stock price has changed by 33.05%.

Revenue Estimates for FY2026

Revise Downward

-0.22%

In Past 3 Month

EPS Estimates for FY2026

Revise Downward

-0.52%

In Past 3 Month

Stock Price

Go Up

+33.05%

In Past 3 Month

11 Analyst Rating

15.81% Upside

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 58.89 USD with a low forecast of 50.00 USD and a high forecast of 68.00 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.

9 Buy

2 Hold

0 Sell

Strong Buy

15.81% Upside

Current: 50.850

Low

50.00

Averages

58.89

High

68.00

15.81% Upside

Current: 50.850

Low

50.00

Averages

58.89

High

68.00

Stifel

NULL -> Buy

upgrade

$45 -> $54

2025-07-18

Reason

Stifel

Price Target

$45 -> $54

2025-07-18

upgrade

NULL -> Buy

Reason

Stifel raised the firm's price target on Semtech to $54 from $45 and keeps a Buy rating on the shares. The inventory correction in the broader semiconductor industry over the past two years appears to have bottomed and a cyclical recovery is now likely underway, but the pace of the recovery remains uncertain, the analyst tells investors in an earnings preview for the group. The firm continues to recommend an Overweight position in AI-related semiconductor stocks, noting that its covered group of AI-focused companies is expected to deliver median revenue growth of 32% in 2025 and 17% in 2026.

Stifel

Buy

maintain

$42 -> $45

2025-05-28

Reason

Stifel

Price Target

$42 -> $45

2025-05-28

maintain

Buy

Reason

Stifel raised the firm's price target on Semtech to $45 from $42 and keeps a Buy rating on the shares. Semtech reported in-line April quarter results and gave an in-line July quarter outlook, the firm noted. Despite the near-term ACC business "air pocket," Semtech's next-gen CopperEdge ACC products continue to generate significant interest and infrastructure momentum continues, together with improving profitability, the analyst tells investors in a post-earnings note.

Morgan Stanley

Joseph Moore

Equal Weight

maintain

$40 -> $43

2025-05-28

Reason

Morgan Stanley

Joseph Moore

Price Target

$40 -> $43

2025-05-28

maintain

Equal Weight

Reason

Morgan Stanley analyst Joseph Moore raised the firm's price target on Semtech to $43 from $40 and keeps an Equal Weight rating on the shares. Semtech posted "a solid quarter and outlook," with numbers that were broadly in line with expectations, and seems to be tracking to growth from active copper cables and linear optics later this year, the analyst tells investors in a post-earnings note.

Stifel

Buy

maintain

$35 -> $42

2025-05-23

Reason

Stifel

Price Target

$35 -> $42

2025-05-23

maintain

Buy

Reason

Stifel raised the firm's price target on Semtech to $42 from $35 and keeps a Buy rating on the shares. The firm believes Semtech could report in-line April quarter results and could guide July quarter revenue in-line with its estimates, with slight potential upside, the analyst tells investors in a preview. The firm is reiterating its belief that the business "could look materially different and significantly more profitable" in calendar year 2025, the analyst added.

Stifel

Tore Svanberg

Strong Buy

Maintains

$54 → $35

2025-04-17

Reason

Stifel

Tore Svanberg

Price Target

$54 → $35

2025-04-17

Maintains

Strong Buy

Reason

Stifel analyst Tore Svanberg lowered the firm's price target on Semtech to $35 from $54 and keeps a Buy rating on the shares. Tariff-impacts, including secondary and tertiary impacts, leave the firm with an "overarching view" entering the Q1 earnings season for the Analog, Connectivity and Processors group to have generally in-line March quarter results, but softer June quarter outlooks. Regardless of where tariffs eventually shake out in magnitude, duration and breadth, the firm believes the likelihood of the overall semiconductor industry tipping over into a cyclical downturn has "increased materially," the analyst added in a preview note.

Morgan Stanley

Joseph Moore

Hold

Initiates

$30

2025-04-07

Reason

Morgan Stanley

Joseph Moore

Price Target

$30

2025-04-07

Initiates

Hold

Reason

Morgan Stanley analyst Joseph Moore initiated coverage of Semtech with an Equal Weight rating and $30 price target. The firm is "positively biased" on the shares, saying Semtech's valuation is below its small cap peers, and the company has opportunities to inflect in data center around new communications markets. However, with current tariff uncertainties in consumer markets, the firm is on the sidelines. Semtech "has been weighed down by several recent mishaps," the analyst tells investors in a research note.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Semtech Corp (SMTC.O) is 29.60, compared to its 5-year average forward P/E of 24.43. For a more detailed relative valuation and DCF analysis to assess Semtech Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

24.43

Current PE

29.60

Overvalued PE

117.12

Undervalued PE

-68.26

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Overvalued

5Y Average EV/EBITDA

18.69

Current EV/EBITDA

23.80

Overvalued EV/EBITDA

23.06

Undervalued EV/EBITDA

14.32

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

4.01

Current PS

4.29

Overvalued PS

5.94

Undervalued PS

2.07