Semtech (SMTC)

• Market cap: $3.17B
• 1 day: 5.05%
• 5 days: -3.43%
• 1 month: 2.92%
• 3 months: -41.03%
• 6 months: -10.81%
• Year to date: -41.03%
• 1 year: 29.90%
• 5 years: 0.58%
• 10 years: 38.50%
• Sector: Technology
• Industry: Semiconductors

About: Semtech Corp is engaged in designing, developing, manufacturing and marketing analog and mixed-signal semiconductors, algorithms and wireless semiconductors, connectivity modules, gateways, routers and connected services for IoT. The company operates in four reportable segments: Signal Integrity, Analog Mixed Signal and Wireless, IoT Systems and IoT Connected Services. The majority of the company's revenue is earned through Analog Mixed Signal and Wireless segment. Geographically majority of the company's revenue is earned from Asia Pacific region, company also operates in North America and Europe.

Employees: 1,838

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

250% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 7 (+5) [Q4]

248% more first-time investments, than exits

New positions opened: 115 | Existing positions closed: 33

88% more repeat investments, than reductions

Existing positions increased: 137 | Existing positions reduced: 73

52% more capital invested

Capital invested by funds: $3.9B [Q3] → $5.93B (+$2.03B) [Q4]

29% more funds holding

Funds holding: 272 [Q3] → 350 (+78) [Q4]

0.02% less ownership

Funds ownership: 113.5% [Q3] → 113.48% (-0.02%) [Q4]

58% less call options, than puts

Call options by funds: $56.7M | Put options by funds: $134M

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $54 47% upside
• Avg. target: $59 60% upside
• High target: $68 86% upside

6 analyst ratings

• positive: 6 100%
• neutral: 0 0%
• negative: 0 0%

UBS Timothy Arcuri 15% 1-year accuracy 4 / 27 met price target	64% upside $60	Buy Maintained	14 Mar 2025
Stifel Tore Svanberg 20% 1-year accuracy 9 / 46 met price target	47% upside $54	Buy Maintained	14 Mar 2025
Benchmark Cody Acree 7% 1-year accuracy 3 / 46 met price target	86% upside $68	Buy Maintained	14 Mar 2025
Needham Quinn Bolton 19% 1-year accuracy 28 / 147 met price target	47% upside $54	Buy Reiterated	14 Mar 2025
Piper Sandler Harsh Kumar 6% 1-year accuracy 2 / 36 met price target	50% upside $55	Overweight Reiterated	10 Feb 2025