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Semtech Corporation has seen a significant decrease in insider ownership, with recent sales totaling 27,637 shares worth $1.47 million. Hedge funds have adjusted their stakes, with Huntington National Bank increasing its position by over 105%. Analysts have cut price targets for Semtech, with UBS lowering it from $65 to $60, while the stock currently holds a "Moderate Buy" rating.
UBS has lowered its price target for Semtech Corporation from $65 to $60 while maintaining a Buy rating. Semtech specializes in high-performance semiconductors and IoT systems, with segments focused on Signal Integrity, Analog Mixed Signal and Wireless, and IoT Systems and Connectivity, offering a range of products and services for data communication and device management.
UBS analysts have initiated coverage of Semtech Corporation (SMTC) with a "Buy" rating, highlighting its significant role in the AI data center market, particularly with its CopperEdge product integrated into Nvidia’s Blackwell platform. Following a strong Q3 earnings report, Semtech's stock surged 18.1%, and UBS set a price target of $85, reflecting optimism for continued growth. With a consensus rating of "Strong Buy" from 10 out of 13 analysts, Semtech is positioned for further success in the booming AI sector.
Semtech Corporation is gaining traction in the AI-driven data center market, with UBS setting a price target of $85, indicating a potential 16.4% upside. The company reported strong Q3 earnings, with net sales of $236.8 million, and analysts maintain a consensus rating of “Strong Buy,” reflecting optimism for its growth prospects.
UBS has initiated a Buy rating on Semtech Corporation (NASDAQ:SMTC) with an $85 target, highlighting its potential in AI data center growth, particularly through the integration of its CopperEdge product into Nvidia's Blackwell platform. The company is also expected to benefit from smartphone growth and a recovery in industrial markets, with analysts believing current growth estimates for its Signal Integrity segment are too low. Semtech ranks 6th among notable AI stocks, with a focus on delivering higher returns in the evolving AI landscape.
Semtech Corporation's stock surged following its role in AI data centers, prompting UBS to initiate coverage with a "Buy" rating on Nvidia due to its content win. This development highlights the growing intersection of AI technology and semiconductor companies.
UBS has initiated coverage of Semtech Corporation with a "Buy" rating and a price target of $85, highlighting the company's shift towards artificial intelligence networking as a key growth driver. The CopperEdge product has gained traction in Nvidia’s Blackwell platform, with a total addressable market of $100 million, while the FiberEdge product is expected to follow suit. Traditional analog businesses are projected to grow steadily in fiscal 2025 and 2026, as the company focuses more on AI opportunities, which typically command higher earnings multiples.
Semtech Corporation, a semiconductor company, has seen significant institutional investment activity, with several firms increasing their stakes. Analysts have given the stock a "Moderate Buy" rating, with price targets ranging from $60 to $85, indicating potential upside. Recent insider sales have raised concerns, as executives sold over 10,000 shares in the last ninety days.
Eli Lilly is recommended as a buy, despite its fluctuating stock performance. Coinbase is highlighted as a winner, while IES is noted as a strong infrastructure investment. Marvell Technology is favored, and Apple is advised to be held long-term, with a suggestion to buy on dips. Conversely, Cameco is considered overpriced, and Semtech is viewed as a traditional semiconductor company, with a preference for Texas Instruments.
Semtech Corporation
Companies
| Symbol | SMTC |
| Name | Semtech Corporation |
| Currency | USD |
| Sector | Information Technology |
| IndustryGroup | Semiconductors & Semiconductor Equipment |
| Industry | Semiconductors & Semiconductor Equipment |
| Market | NASDAQ Global Select |
| Country | United States |
| State | CA |
| City | Camarillo |
| Zipcode | 93012-8790 |
| Website | http://www.semtech.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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