TD Cowen Reiterates Buy Rating for Semtech Corporation
TD Cowen maintains its buy rating for Semtech, aiming for a $215 target, a 33.48% upside from the current price.
Key Points
- TD Cowen reiterated its buy rating for Semtech Corporation (SMTC) with a price target of $215 on June 22, 2026.
- TD Cowen's $215 price target implies 33.48% upside from Semtech Corporation's ($SMTC) current $161.07 share price.
- Shares of Semtech traded near $170.09 on Monday, with a market cap of approximately $14.7 billion and a forward P/E of 40.72.
- Insider transactions included multiple sales by executives on June 10, 2026, and analyst consensus targets range from $175 to $230.
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TD Cowen has reiterated its buy rating for Semtech Corporation (NasdaqGS: SMTC) with a price target of $215. This affirmation came on June 22, 2026, as shares traded near $170.09 on Monday.
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Other Institutional Activity in Semtech Corporation
BlackRock, Inc. grew its holdings by 1,033,164 shares, ending with 14,222,219 shares valued at about $1.09 billion. Ameriprise Financial Inc reduced its stake by 101,872 shares, leaving it with 7,450,380 shares worth approximately $572.6 million. Vanguard Portfolio Management LLC opened a new position with 6,922,634 shares valued at around $532.3 million. Capital Research Global Investors trimmed its holdings by 350,638 shares to 4,152,082 shares, valued at $319.3 million. State Street Corp added 211,021 shares, bringing its total to 4,059,266 shares worth $312.1 million.
Semtech Corporation Stock Up 22.8%
Shares of Semtech Corporation traded near $170.09 on Monday. The company has a market cap of approximately $14.7 billion and a forward P/E ratio of 40.72. Its beta is 2.324, indicating higher volatility compared to the market. The stock's 52-week range is between $40.25 and $177.35, with a 50-day moving average of $131.24 and a 200-day moving average of $88.84. The company's current ratio stands at 2.37, with a quick ratio of 1.235 and a debt-to-equity ratio of 90.284.
$SMTC price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Semtech Corporation reported revenue of about $1.09 billion, reflecting a growth rate of 15.9%. Despite this, the company posted a net margin of -3.042% and a return on equity of -5.806%. The next earnings report is scheduled for August 24, 2026.
Insider Buying and Selling at Semtech Corporation
On June 10, 2026, several insider transactions occurred at Semtech. John Michael Wilson, Chief Quality Officer and CTO, sold 1,400 shares with no price disclosed and 713 shares at an average price of $157.52. Asaf Silberstein, EVP and COO, sold 2,438 shares with no price disclosed and 1,241 shares at $157.52. EVP and CFO Mark Lin bought 2,349 shares, though the price was not disclosed. EVP and CCO Jason Elliot Green sold 2,510 shares with no price disclosed.
Analysts Set New Price Targets
On June 22, 2026, TD Cowen maintained its buy rating for Semtech with a price target of $215. Other firms, including UBS and B. Riley Securities, also maintained buy ratings, with targets of $225 and $210, respectively, on May 27, 2026. The consensus target among analysts is $204.83, based on 12 opinions.
About Semtech Corporation
Semtech Corporation, headquartered in Camarillo, California, is a technology company specializing in semiconductors and Internet of Things (IoT) systems. It operates in segments like Signal Integrity, Analog Mixed Signal and Wireless, and IoT Systems and Connectivity, providing products for data communications, video transport, and various industrial applications. Led by CEO Dr. Hong Q. Hou, the company employs approximately 1,920 people and serves markets across Asia-Pacific, North America, and Europe.
Bottom Line
TD Cowen's reiterated buy rating for Semtech Corporation reflects continued confidence in its growth potential. With a market cap of approximately $14.7 billion and a consistent analyst consensus, Semtech remains a key player in the semiconductor industry. As always, 13F filings and analyst reports are backward-looking and may not indicate current positions or future performance.
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