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Semtech (SMTC) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

SMTC Stock Forecast

Semtech stock forecast is as follows: an average price target of $61.00 (represents a -4.01% downside from SMTC’s last price of $63.55) 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 $61.00 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 $61.00. This represents a potential -4.01% downside from SMTC's last price of $63.55.

SMTC Analyst Ratings

Buy

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 28, 2024Craig EllisB.Riley Financial$61.00$41.2847.77%-4.01%
Jun 07, 2024Tore SvanbergStifel Nicolaus$45.00$31.1844.32%-29.19%
Jun 06, 2024Angelo ZinoCFRA$46.00$37.8621.50%-27.62%
Jun 06, 2024Tore SvanbergStifel Nicolaus$50.00$45.629.61%-21.32%
Jun 06, 2024Anthony StossCraig-Hallum$48.00$38.6824.10%-24.47%
Jun 06, 2024Scott SearleRoth Capital$50.00$38.6829.27%-21.32%
Jun 06, 2024Craig EllisB.Riley Financial$58.00$38.6849.95%-8.73%
Jun 06, 2024Christopher RollandSusquehanna$55.00$38.6842.19%-13.45%
Jun 06, 2024Quinn BoltonNeedham$50.00$38.6829.27%-21.32%
May 29, 2024Harsh KumarPiper Sandler$60.00$41.8443.40%-5.59%
Apr 01, 2024Anthony StossCraig-Hallum$36.00$27.4930.96%-43.35%
Apr 01, 2024Christopher RollandSusquehanna$45.00$27.4963.70%-29.19%
Apr 01, 2024Angelo ZinoCFRA$32.00$27.4916.41%-49.65%
Apr 01, 2024Gus RichardNorthland Securities$36.50$27.4932.78%-42.56%
Apr 01, 2024Tristan GerraRobert W. Baird$50.00$27.4981.88%-21.32%
Apr 01, 2024Harsh KumarPiper Sandler$40.00$27.4945.51%-37.06%
Apr 01, 2024Tore SvanbergStifel Nicolaus$31.00$27.4912.77%-51.22%
Apr 01, 2024Quinn BoltonNeedham$38.00$27.4938.23%-40.20%
Mar 28, 2024Tore SvanbergStifel Nicolaus$26.00$27.97-7.04%-59.09%
Sep 14, 2023Christopher RollandSusquehanna$30.00$24.5022.42%-52.79%
Sep 13, 2023Tore SvanbergStifel Nicolaus$32.00$22.6041.59%-49.65%
Sep 06, 2023Quinn BoltonNeedham$35.00$25.4837.34%-44.93%
Jun 12, 2023Baird RatingsRobert W. Baird$40.00$21.4086.92%-37.06%
Jun 01, 2023Christopher RollandSusquehanna$25.00$22.3411.91%-60.66%
Nov 30, 2022Harsh KumarPiper Sandler$45.00$30.7446.39%-29.19%
Sep 01, 2022Robert W. Baird$48.00$31.7950.99%-24.47%
Sep 01, 2022Cowen & Co.$43.00$46.19-6.91%-32.34%
Sep 01, 2022Piper Sandler$60.00$46.1929.90%-5.59%
Jun 02, 2022Needham$75.00$64.3816.50%18.02%
Jun 01, 2022Susquehanna$72.00$64.0812.36%13.30%
May 05, 2022Harsh KumarPiper Sandler$95.00$60.9155.97%49.49%

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 -4.01% decrease from SMTC last price ($63.55).

Semtech Price Target by Period

1M3M12M
# Anlaysts--19
Avg Price Target--$45.13
Last Closing Price$63.55$63.55$63.55
Upside/Downside-100.00%-100.00%-28.99%

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 $63.55. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 22, 2024Piper SandlerOverweightOverweightHold
Sep 20, 2024Piper SandlerOverweightOverweightHold
Aug 28, 2024Piper SandlerOverweightOverweightHold
Aug 28, 2024Craig-HallumBuyBuyHold
Aug 28, 2024B. RileyBuyBuyHold
Aug 27, 2024Summit Insights GroupBuyHoldDowngrade
Jun 07, 2024OppenheimerPerformPerformHold
Jun 06, 2024CFRABuyBuyHold
Jun 06, 2024Craig-HallumBuyBuyHold
Jun 06, 2024SusquehannaPositivePositiveHold
Jun 06, 2024NeedhamBuyBuyHold
May 29, 2024Piper SandlerOverweightOverweightHold
May 17, 2024B. RileyBuyBuyHold
Apr 01, 2024Craig-HallumOutperformOutperformHold
Apr 01, 2024Piper SandlerBuyBuyHold
Apr 01, 2024SusquehannaOutperformOutperformHold
Apr 01, 2024Craig-HallumBuyBuyHold
Apr 01, 2024CFRABuyBuyHold
Apr 01, 2024Piper SandlerOverweightOverweightHold
Mar 28, 2024NeedhamBuyBuyHold
Mar 28, 2024BenchmarkBuySellUpgrade
Mar 28, 2024SusquehannaPositivePositiveHold
Dec 07, 2023CFRABuyUpgrade
Dec 07, 2023NeedhamBuyBuyHold
Sep 14, 2023SusquehannaNeutralPositiveUpgrade
Sep 14, 2023Summit Insights GroupBuyUpgrade
Sep 13, 2023B. Riley SecuritiesBuyBuyHold
Sep 13, 2023SusquehannaNeutralNeutralHold
Sep 13, 2023NeedhamBuyBuyHold
Sep 06, 2023Keefe, Bruyette & WoodsOutperformInitialise
Sep 06, 2023Raymond JamesOutperformInitialise
Sep 06, 2023HSBCHoldInitialise
Jun 12, 2023B. RileyOutperformOutperformHold
Jun 01, 2023SusquehannaNeutralNeutralHold
Nov 30, 2022Piper SandlerOverweightOverweightHold
Sep 01, 2022CitigroupBuyInitialise
Sep 01, 2022JefferiesBuyInitialise
Sep 01, 2022OppenheimerPerformDowngrade
Aug 16, 2022BenchmarkBuyBuyHold
Jun 02, 2022NeedhamBuyBuyHold
Jun 01, 2022SusquehannaNeutralNeutralHold

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 27Oct 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 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$340.74M$336.09M$317.41M$301.09M$295.56M$290.07M$269.91M$255.27M$250.18M$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$344.08M$339.38M$320.52M$304.04M$298.45M$292.91M$272.55M$257.77M$252.55M$235.10M$212.30M$200.15M$190.72M$204.51M$239.70M$237.30M$151.56M$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$339.31M$334.68M$316.08M$299.82M$294.32M$288.86M$268.78M$254.20M$249.05M$230.39M$212.30M$200.15M$190.72M$199.62M$236.38M$234.01M$149.46M$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
# Analysts4474435399548944763366446101010109
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 27Oct 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19
# Analysts4474435399548944763366446101010109
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$32.85M
Avg Forecast$-15.30M$-15.09M$-14.26M$-13.52M$-13.27M$-13.03M$-12.12M$-11.46M$-11.24M$-10.46M$-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$17.72M
High Forecast$-15.24M$-15.03M$-14.20M$-13.47M$-13.22M$-12.97M$-12.07M$-11.42M$-11.19M$-10.35M$-9.53M$74.36M$-8.57M$-8.97M$-10.62M$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$18.37M
Low Forecast$-15.45M$-15.24M$-14.39M$-13.65M$-13.40M$-13.16M$-12.24M$-11.58M$-11.34M$-10.56M$-9.53M$49.57M$-8.57M$-9.18M$-10.76M$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 27Oct 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19
# Analysts4474435399548944763366446101010109
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$55.43M$53.78M$46.70M$41.27M$39.78M$38.82M$31.77M$26.64M$24.79M$17.53M$7.12M$41.50M$-3.36M$-11.30M$1.64M$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$56.14M$54.46M$47.29M$41.80M$40.29M$39.32M$32.18M$26.98M$27.04M$18.26M$7.14M$49.80M$-3.34M$-6.78M$1.66M$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$55.13M$53.48M$46.44M$41.05M$39.57M$38.61M$31.60M$26.49M$24.04M$16.80M$7.10M$33.20M$-3.40M$-15.82M$1.63M$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 %------------191.46%3.39%-232.46%-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 27Oct 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19
# Analysts4474435399548944763366446101010109
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$92.94M$91.67M$86.57M$82.12M$80.61M$79.12M$73.62M$69.62M$68.24M$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$93.85M$92.57M$87.42M$82.93M$81.40M$79.89M$74.34M$70.31M$68.88M$64.12M$57.90M$56.96M$52.02M$55.78M$65.38M$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$92.55M$91.28M$86.21M$81.78M$80.27M$78.79M$73.31M$69.33M$67.93M$62.84M$57.90M$37.98M$52.02M$54.45M$64.47M$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 27Oct 26Jul 26Apr 26Jan 26Oct 25Jul 25Apr 25Jan 25Oct 24Jul 24Apr 24Jan 24Oct 23Jul 23Apr 23Jan 23Oct 22Jul 22Apr 22Jan 22Oct 21Jul 21Apr 21Jan 21Oct 20Jul 20Apr 20Jan 20Oct 19
# Analysts4474435399548944763366446101010109
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$0.74$0.71$0.62$0.55$0.53$0.52$0.42$0.35$0.33$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$0.75$0.72$0.63$0.55$0.53$0.52$0.43$0.36$0.36$0.24$0.09$0.01$-0.04$-0.09$0.02$-0.08$0.49$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$0.73$0.71$0.62$0.55$0.53$0.51$0.42$0.35$0.32$0.22$0.09$0.01$-0.05$-0.21$0.02$-0.08$0.48$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 7 Wall Street analysts, Semtech's projected average Quarter EPS for Jan 23 is $0.48, with a low estimate of $0.48 and a high estimate of $0.49. This represents a 33.04% increase compared to SMTC previous annual EPS of $0.36 (Oct 22).

Semtech Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
MCHPMicrochip$58.29$89.1352.91%Buy
QRVOQorvo$70.95$101.5643.14%Hold
ALGMAllegro MicroSystems$22.07$29.6734.44%Buy
MPWRMonolithic Power Systems$628.22$829.2532.00%Buy
AMKRAmkor$26.62$34.8030.73%Buy
CRUSCirrus Logic$103.31$132.8028.55%Buy
SYNASynaptics$78.76$96.6722.74%Buy
POWIPower Integrations$65.06$79.0021.43%Buy
FORMFormFactor$43.87$52.0018.53%Buy
DIODDiodes$63.45$74.0016.63%Buy
SIMOSilicon Motion$60.15$60.00-0.25%Buy
AOSLAlpha and Omega Semiconductor$42.51$42.00-1.20%Buy
SMTCSemtech$65.73$61.00-7.20%Buy
SLABSilicon Laboratories$128.96$117.50-8.89%Hold
MTSIMACOM Technology Solutions$138.18$120.00-13.16%Buy

SMTC Forecast FAQ

Is Semtech a good buy?

Yes, according to 14 Wall Street analysts, Semtech (SMTC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 11 'Buy' recommendations, accounting for 78.57% of SMTC's total ratings.

What is SMTC's price target?

Semtech (SMTC) average price target is $61 with a range of $61 to $61, implying a -4.01% from its last price of $63.55. The data is based on 14 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Semtech stock go up soon?

According to Wall Street analysts' prediction for SMTC stock, the company can go down by -4.01% (from the last price of $63.55 to the average price target of $61), down by -4.01% based on the highest stock price target, and down by -4.01% based on the lowest stock price target.

Can Semtech stock reach $100?

SMTC's average twelve months analyst stock price target of $61 does not support the claim that Semtech can reach $100 in the near future.

What are Semtech's analysts' financial forecasts?

Semtech's analysts financial forecasts for the fiscal year (Jan 2026) are as follows: average revenue is $1.11B (high $1.12B, low $1.11B), average EBITDA is $-49.887M (high $-49.679M, low $-50.376M), average net income is $137.01M (high $138.76M, low $136.27M), average SG&A $302.97M (high $305.94M, low $301.7M), and average EPS is $1.82 (high $1.84, low $1.81). SMTC's analysts financial forecasts for the fiscal year (Jan 2027) are as follows: average revenue is $1.3B (high $1.31B, low $1.29B), average EBITDA is $-58.174M (high $-57.931M, low $-58.744M), average net income is $197.19M (high $199.7M, low $196.11M), average SG&A $353.3M (high $356.76M, low $351.82M), and average EPS is $2.62 (high $2.65, low $2.6).

Did the SMTC's actual financial results beat the analysts' financial forecasts?

Based on Semtech's last annual report (Jan 2024), the company's revenue was $868.76M, beating the average analysts forecast of $863.63M by 0.59%. Apple's EBITDA was $-944M, missing the average prediction of $28.1M by -3460.53%. The company's net income was $-1.092B, missing the average estimation of $24.72M by -4517.61%. Apple's SG&A was $220.22M, beating the average forecast of $214.61M by 2.61%. Lastly, the company's EPS was $-17.03, beating the average prediction of $-0.251 by 6687.32%. In terms of the last quarterly report (Jan 2024), Semtech's revenue was $192.95M, beating the average analysts' forecast of $190.72M by 1.17%. The company's EBITDA was $-620M, beating the average prediction of $-8.565M by 7137.98%. Semtech's net income was $-642M, beating the average estimation of $-3.355M by 19045.96%. The company's SG&A was $55.2M, beating the average forecast of $52.02M by 6.11%. Lastly, the company's EPS was $-9.98, beating the average prediction of $-0.0445 by 22304.31%