Semtech (SMTC) Stock Forecast, Price Target & Predictions
SMTC Stock Forecast
Semtech stock forecast is as follows: an average price target of $49.50 (represents a -2.75% downside from SMTC’s last price of $50.90) and a rating consensus of 'Buy', based on 14 wall street analysts offering a 1-year stock forecast.
SMTC Price Target
The average price target for Semtech (SMTC) is $49.50 based on 1-year price targets from 14 Wall Street analysts in the past 3 months, with a price target range of $61.00 to $36.50. This represents a potential -2.75% downside from SMTC's last price of $50.90.
SMTC Analyst Ratings
According to 14 Wall Street analysts, Semtech's rating consensus is 'Buy'. The analyst rating breakdown for SMTC stock is 0 'Strong Buy' (0.00%), 11 'Buy' (78.57%), 2 'Hold' (14.29%), 1 'Sell' (7.14%), and 0 'Strong Sell' (0.00%).
Semtech Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 28, 2024 | Craig Ellis | B.Riley Financial | $61.00 | $41.28 | 47.77% | 19.84% |
| Jun 07, 2024 | Tore Svanberg | Stifel Nicolaus | $45.00 | $31.18 | 44.32% | -11.59% |
| Jun 06, 2024 | Angelo Zino | CFRA | $46.00 | $37.86 | 21.50% | -9.63% |
| Jun 06, 2024 | Tore Svanberg | Stifel Nicolaus | $50.00 | $45.62 | 9.61% | -1.77% |
| Jun 06, 2024 | Anthony Stoss | Craig-Hallum | $48.00 | $38.68 | 24.10% | -5.70% |
| Jun 06, 2024 | Scott Searle | Roth Capital | $50.00 | $38.68 | 29.27% | -1.77% |
| Jun 06, 2024 | Craig Ellis | B.Riley Financial | $58.00 | $38.68 | 49.95% | 13.95% |
| Jun 06, 2024 | Christopher Rolland | Susquehanna | $55.00 | $38.68 | 42.19% | 8.06% |
| Jun 06, 2024 | Quinn Bolton | Needham | $50.00 | $38.68 | 29.27% | -1.77% |
| May 29, 2024 | Harsh Kumar | Piper Sandler | $60.00 | $41.84 | 43.40% | 17.88% |
The latest Semtech stock forecast, released on Aug 28, 2024 by Craig Ellis from B.Riley Financial, set a price target of $61.00, which represents a 47.77% increase from the stock price at the time of the forecast ($41.28), and a 19.84% increase from SMTC last price ($50.90).
Semtech Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 19 |
| Avg Price Target | - | $61.00 | $45.13 |
| Last Closing Price | $50.90 | $50.90 | $50.90 |
| Upside/Downside | -100.00% | 19.84% | -11.34% |
In the current month, the average price target of Semtech stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Semtech's last price of $50.90. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 22, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Sep 20, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Aug 28, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Aug 28, 2024 | Craig-Hallum | Buy | Buy | Hold |
| Aug 28, 2024 | B. Riley | Buy | Buy | Hold |
| Aug 27, 2024 | Summit Insights Group | Buy | Hold | Downgrade |
| Jun 07, 2024 | Oppenheimer | Perform | Perform | Hold |
| Jun 06, 2024 | CFRA | Buy | Buy | Hold |
| Jun 06, 2024 | Craig-Hallum | Buy | Buy | Hold |
| Jun 06, 2024 | Susquehanna | Positive | Positive | Hold |
Semtech's last stock rating was published by Piper Sandler on Oct 22, 2024. The company gave SMTC a "Overweight" rating, the same as its previous rate.
Semtech Financial Forecast
Semtech Revenue Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $192.95M | $200.90M | $238.37M | $236.54M | $167.51M | $177.62M | $209.25M | - | $190.55M | $194.93M | - | $170.37M | $164.67M | $154.08M | $143.66M | $132.70M | $138.00M | $141.01M |
| Avg Forecast | $312.20M | $312.55M | $289.35M | $270.00M | $291.19M | $284.14M | $261.73M | $245.23M | $242.03M | $232.89M | $212.30M | $200.15M | $190.72M | $200.55M | $237.37M | $235.00M | $150.08M | $175.44M | $208.29M | $199.98M | $189.34M | $193.21M | $182.80M | $167.85M | $158.24M | $149.87M | $141.81M | $129.33M | $134.24M | $140.08M |
| High Forecast | $327.79M | $328.15M | $303.80M | $283.48M | $305.73M | $298.33M | $274.80M | $257.48M | $254.74M | $235.10M | $212.30M | $200.15M | $190.72M | $204.51M | $249.22M | $246.73M | $157.58M | $181.81M | $215.86M | $207.25M | $196.22M | $200.23M | $189.44M | $173.95M | $163.99M | $155.32M | $146.96M | $134.02M | $139.12M | $145.17M |
| Low Forecast | $291.52M | $291.85M | $270.19M | $252.12M | $271.91M | $265.32M | $244.40M | $228.99M | $226.91M | $230.40M | $212.30M | $200.15M | $190.72M | $199.62M | $221.65M | $219.43M | $140.14M | $166.92M | $198.18M | $190.27M | $180.15M | $183.83M | $173.92M | $159.70M | $150.56M | $142.59M | $134.92M | $123.05M | $127.72M | $133.28M |
| # Analysts | 7 | 4 | 7 | 4 | 7 | 3 | 6 | 3 | 8 | 9 | 6 | 4 | 4 | 9 | 5 | 4 | 8 | 6 | 3 | 3 | 6 | 6 | 4 | 4 | 6 | 10 | 10 | 10 | 10 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.00% | 1.00% | 1.01% | 1.12% | 1.01% | 1.00% | - | 1.01% | 1.01% | - | 1.02% | 1.04% | 1.03% | 1.01% | 1.03% | 1.03% | 1.01% |
Semtech's average Quarter revenue forecast for Apr 24 based on 4 analysts is $200.15M, with a low forecast of $200.15M, and a high forecast of $200.15M. SMTC's average Quarter revenue forecast represents a 3.73% increase compared to the company's last Quarter revenue of $192.95M (Jan 24).
Semtech EBITDA Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 4 | 7 | 4 | 7 | 3 | 6 | 3 | 8 | 9 | 6 | 4 | 4 | 9 | 5 | 4 | 8 | 6 | 3 | 3 | 6 | 6 | 4 | 4 | 6 | 10 | 10 | 10 | 10 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $-619.96M | $-12.37M | $1.47M | $14.87M | $-51.53M | $46.31M | $54.67M | - | $51.97M | $47.25M | - | $36.37M | $29.74M | $29.00M | $24.70M | $21.09M | $9.69M | $32.85M |
| Avg Forecast | $-14.02M | $-14.04M | $-12.99M | $-12.13M | $-13.08M | $-12.76M | $-11.75M | $-11.01M | $-10.87M | $-10.46M | $-9.53M | $61.97M | $-8.57M | $-9.01M | $-10.66M | $56.33M | $50.53M | $22.20M | $26.36M | $51.21M | $23.96M | $24.45M | $23.13M | $27.88M | $20.02M | $18.96M | $17.94M | $8.30M | $16.99M | $17.72M |
| High Forecast | $-13.09M | $-13.11M | $-12.13M | $-11.32M | $-12.21M | $-11.92M | $-10.98M | $-10.28M | $-10.19M | $-10.35M | $-9.53M | $74.36M | $-8.57M | $-8.97M | $-9.95M | $67.60M | $60.64M | $23.00M | $27.31M | $61.45M | $24.83M | $25.33M | $23.97M | $33.46M | $20.75M | $19.65M | $18.59M | $9.96M | $17.60M | $18.37M |
| Low Forecast | $-14.72M | $-14.74M | $-13.64M | $-12.73M | $-13.73M | $-13.40M | $-12.34M | $-11.56M | $-11.44M | $-10.56M | $-9.53M | $49.57M | $-8.57M | $-9.18M | $-11.19M | $45.07M | $40.42M | $21.12M | $25.08M | $40.97M | $22.79M | $23.26M | $22.01M | $22.30M | $19.05M | $18.04M | $17.07M | $6.64M | $16.16M | $16.86M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 72.38% | 1.37% | -0.14% | 0.26% | -1.02% | 2.09% | 2.07% | - | 2.17% | 1.93% | - | 1.30% | 1.49% | 1.53% | 1.38% | 2.54% | 0.57% | 1.85% |
9 analysts predict SMTC's average Quarter EBITDA for Oct 23 to be $-9.01M, with a high of $-8.97M and a low of $-9.18M. This is -711.88% lower than Semtech's previous annual EBITDA (Jul 23) of $1.47M.
Semtech Net Income Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 4 | 7 | 4 | 7 | 3 | 6 | 3 | 8 | 9 | 6 | 4 | 4 | 9 | 5 | 4 | 8 | 6 | 3 | 3 | 6 | 6 | 4 | 4 | 6 | 10 | 10 | 10 | 10 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-642.36M | $-38.25M | $-382.00M | $-29.41M | $-50.99M | $22.75M | $51.60M | - | $34.79M | $34.43M | - | $23.50M | $15.66M | $18.49M | $16.13M | $9.63M | $-4.39M | $17.60M |
| Avg Forecast | $38.84M | $39.17M | $31.33M | $25.46M | $33.65M | $31.81M | $23.92M | $18.52M | $17.51M | $15.19M | $6.17M | $41.50M | $-2.91M | $-9.79M | $1.42M | $37.73M | $36.82M | $41.26M | $55.68M | $34.30M | $45.26M | $47.13M | $40.41M | $14.68M | $31.39M | $29.87M | $27.14M | $-3.76M | $22.96M | $25.87M |
| High Forecast | $41.36M | $41.71M | $33.37M | $27.11M | $35.83M | $33.87M | $25.47M | $19.72M | $21.71M | $15.83M | $6.19M | $49.80M | $-2.66M | $-5.88M | $1.52M | $45.28M | $44.18M | $43.21M | $58.31M | $41.16M | $47.40M | $49.36M | $42.32M | $17.61M | $32.87M | $31.28M | $28.42M | $-3.01M | $24.05M | $27.09M |
| Low Forecast | $35.50M | $35.80M | $28.64M | $23.27M | $30.75M | $29.07M | $21.86M | $16.92M | $13.31M | $14.56M | $6.16M | $33.20M | $-3.10M | $-13.71M | $1.30M | $30.18M | $29.45M | $38.65M | $52.17M | $27.44M | $42.40M | $44.16M | $37.86M | $11.74M | $29.41M | $27.98M | $25.43M | $-4.51M | $21.51M | $24.24M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 220.90% | 3.91% | -268.20% | -0.78% | -1.39% | 0.55% | 0.93% | - | 0.77% | 0.73% | - | 1.60% | 0.50% | 0.62% | 0.59% | -2.56% | -0.19% | 0.68% |
Semtech's average Quarter net income forecast for Jan 23 is $36.82M, with a range of $29.45M to $44.18M. SMTC's average Quarter net income forecast represents a 61.86% increase compared to the company's last Quarter net income of $22.75M (Oct 22).
Semtech SG&A Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 4 | 7 | 4 | 7 | 3 | 6 | 3 | 8 | 9 | 6 | 4 | 4 | 9 | 5 | 4 | 8 | 6 | 3 | 3 | 6 | 6 | 4 | 4 | 6 | 10 | 10 | 10 | 10 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $55.20M | $47.66M | $65.02M | $58.12M | $101.95M | $42.37M | $48.12M | - | $39.81M | $47.62M | - | $38.80M | $47.09M | $42.89M | $38.26M | $34.60M | $51.06M | $33.80M |
| Avg Forecast | $85.15M | $85.25M | $78.92M | $73.64M | $79.42M | $77.50M | $71.39M | $66.89M | $66.01M | $63.52M | $57.90M | $47.47M | $52.02M | $54.70M | $64.74M | $43.15M | $50.93M | $47.91M | $56.88M | $39.23M | $51.70M | $52.76M | $49.92M | $44.14M | $43.21M | $40.93M | $38.72M | $43.76M | $36.66M | $38.25M |
| High Forecast | $89.40M | $89.50M | $82.86M | $77.32M | $83.39M | $81.37M | $74.95M | $70.23M | $69.48M | $64.12M | $57.90M | $56.96M | $52.02M | $55.78M | $67.97M | $51.79M | $61.11M | $49.65M | $58.95M | $47.08M | $53.58M | $54.68M | $51.73M | $52.97M | $44.78M | $42.41M | $40.13M | $52.52M | $37.99M | $39.64M |
| Low Forecast | $79.51M | $79.60M | $73.69M | $68.76M | $74.16M | $72.37M | $66.66M | $62.46M | $61.89M | $62.84M | $57.90M | $37.98M | $52.02M | $54.45M | $60.45M | $34.52M | $40.74M | $45.58M | $54.12M | $31.38M | $49.19M | $50.20M | $47.49M | $35.31M | $41.11M | $38.94M | $36.84M | $35.01M | $34.88M | $36.39M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | 0.87% | 1.00% | 1.35% | 2.00% | 0.88% | 0.85% | - | 0.77% | 0.90% | - | 0.88% | 1.09% | 1.05% | 0.99% | 0.79% | 1.39% | 0.88% |
Semtech's average Quarter SG&A projection for Apr 24 is $47.47M, based on 4 Wall Street analysts, with a range of $37.98M to $56.96M. The forecast indicates a -14.00% fall compared to SMTC last annual SG&A of $55.20M (Jan 24).
Semtech EPS Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 4 | 7 | 4 | 7 | 3 | 6 | 3 | 8 | 9 | 6 | 4 | 4 | 9 | 5 | 4 | 8 | 6 | 3 | 3 | 6 | 6 | 4 | 4 | 6 | 10 | 10 | 10 | 10 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-9.98 | $-0.60 | $-5.97 | $-0.46 | $-0.80 | $0.36 | $0.81 | - | $0.54 | $0.53 | - | $0.36 | $0.24 | $0.28 | $0.25 | $0.15 | $0.04 | $0.27 |
| Avg Forecast | $0.59 | $0.60 | $0.48 | $0.39 | $0.52 | $0.49 | $0.37 | $0.28 | $0.27 | $0.23 | $0.09 | $0.01 | $-0.04 | $-0.15 | $0.02 | $-0.08 | $0.48 | $0.63 | $0.85 | $0.76 | $0.69 | $0.72 | $0.62 | $0.52 | $0.48 | $0.46 | $0.42 | $0.32 | $0.35 | $0.40 |
| High Forecast | $0.63 | $0.64 | $0.51 | $0.42 | $0.55 | $0.52 | $0.39 | $0.30 | $0.33 | $0.24 | $0.09 | $0.01 | $-0.04 | $-0.09 | $0.02 | $-0.07 | $0.51 | $0.66 | $0.89 | $0.80 | $0.73 | $0.76 | $0.65 | $0.55 | $0.50 | $0.48 | $0.44 | $0.34 | $0.37 | $0.42 |
| Low Forecast | $0.54 | $0.55 | $0.44 | $0.36 | $0.47 | $0.45 | $0.33 | $0.26 | $0.20 | $0.22 | $0.09 | $0.01 | $-0.05 | $-0.21 | $0.02 | $-0.08 | $0.44 | $0.59 | $0.80 | $0.71 | $0.65 | $0.68 | $0.58 | $0.49 | $0.45 | $0.43 | $0.39 | $0.30 | $0.33 | $0.37 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 224.04% | 4.00% | -273.63% | 5.88% | -1.67% | 0.57% | 0.95% | - | 0.78% | 0.73% | - | 0.69% | 0.50% | 0.61% | 0.60% | 0.47% | 0.11% | 0.68% |
According to 8 Wall Street analysts, Semtech's projected average Quarter EPS for Jan 23 is $0.48, with a low estimate of $0.44 and a high estimate of $0.51. This represents a 33.04% increase compared to SMTC previous annual EPS of $0.36 (Oct 22).
Semtech Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SYNA | Synaptics | $74.64 | $160.83 | 115.47% | Buy |
| QRVO | Qorvo | $67.87 | $115.55 | 70.25% | Hold |
| ALGM | Allegro MicroSystems | $20.75 | $32.00 | 54.22% | Buy |
| SIMO | Silicon Motion | $54.80 | $82.00 | 49.64% | Buy |
| SLAB | Silicon Laboratories | $103.44 | $151.00 | 45.98% | Buy |
| SGH | Penguin Solutions | $20.85 | $29.38 | 40.91% | Buy |
| AMKR | Amkor | $26.35 | $36.50 | 38.52% | Buy |
| MCHP | Microchip | $66.51 | $87.89 | 32.15% | Buy |
| POWI | Power Integrations | $62.41 | $79.00 | 26.58% | Buy |
| FORM | FormFactor | $40.78 | $51.17 | 25.48% | Buy |
| DIOD | Diodes | $59.17 | $74.00 | 25.06% | Buy |
| MPWR | Monolithic Power Systems | $572.47 | $706.67 | 23.44% | Buy |
| CRUS | Cirrus Logic | $102.55 | $115.09 | 12.23% | Buy |
| SMTC | Semtech | $50.90 | $49.50 | -2.75% | Buy |
| MTSI | MACOM Technology Solutions | $131.33 | $103.88 | -20.90% | Buy |
| AOSL | Alpha and Omega Semiconductor | $40.40 | $31.50 | -22.03% | Buy |