Semtech Corporation (SMTC) fair value analysis
Nasdaq · Updated 2026-10-19
SMTC price how computed
Valuation status
No verdict this weekSMTC: Next year's consensus is far above both what this company earned over the last four quarters and what its most recent quarter is earning.
Our model does not publish a verdict on a forecast that far from results; it is re-evaluated weekly.
- Last price
- $136.73
- Sector
- Technology
- 12-month range
- $62.57–$197.20
- Market cap
- $12.8B
- From 52-week high
- -30.7%
- Shares outstanding
- 93.3M
- Rank in Technology by quality score
- #69 of 274
Last price is our stored weekly price from 2026-10-16, older than the 2026-10-19 run that built this page; the chart runs through 2026-10-16.
Semtech Corporation is a technology company that designs and manufactures analog and mixed-signal semiconductors used in various applications including wireless communications, industrial automation, and consumer electronics. The company operates globally with manufacturing, design, and sales operations across multiple regions including North America, Europe, and Asia.
SMTC currently ranks #69 of 274 Technology stocks by quality score.
Fundamentals (4 quarters) how computed
- Market cap
- $12.8B
- P/E (trailing)
- 70x
- Revenue (TTM)
- $1.17B
- Net margin
- 13.1%
- EPS (TTM)
- $1.94
- Gross margin
- 53.8%
- Debt / equity
- 0.70
- Revenue growth (3-yr avg)
- 23.4%
- Shares outstanding
- 93.3M
Derived indicators how computed
- Quality grade
- A
- Margin trend
- Stable
- 52-week position
- The upper-middle quarter of its range
Technicals how computed
- RSI (14-day)
- 31 · neutral
- 50-day average
- $156.80
- 200-day average
- $121.92
- Moving-average state
- 50-day above 200-day (golden cross state); price between the averages
Earnings how computed
- Next earnings report
- 2026-11-23
- Last 8 quarters vs consensus
- 8 beat, 0 missed
- Quarter by quarter
- 2026-07 ▲ beat (+24.4%)
2026-04 ▲ beat (+13.3%)
2026-01 ▲ beat (+0.9%)
2025-10 ▲ beat (+6.7%)
2025-07 ▲ beat (+2.5%)
2025-04 ▲ beat (+2.7%)
2025-01 ▲ beat (+25.6%)
2024-10 ▲ beat (+13.0%)
Analyst consensus how computed
This is not TickrTrends' verdict.
- Analyst ratings
- 15 buy · 1 hold · 0 sell (16 analysts)
- Consensus lean
- Buy-leaning
- Consensus price target
- $217
- Target vs last price
- +58.7%
What our data shows for SMTC
- Our model validated 13 trailing price-to-earnings windows for SMTC, built from quarterly earnings records.
- Shares are trading in the middle of their 12-month price range of $62.57–$197.20.
- The 14-day relative strength index sits at a neutral 31.
What subscribers see
- Every published Forward Fair Value with its exact discount or premium
- The normalized P/E and quarter count behind each estimate
- Screeners and rankings across the full S&P 500 and Nasdaq universes
- SMTC's own verdict the week it qualifies, published automatically
Forward Fair Value applies a conservatively normalized historical price-to-earnings multiple to the consensus earnings estimate for the next full fiscal year; how TickrTrends computes it.
Recent SMTC news
TickrTrends' derived news-sentiment signal for SMTC is currently leaning positive, computed from recent coverage.
- Semtech Stock: The Market May Have Misread Its Growth Slowdown (NASDAQ:SMTC) (seekingalpha.com, 2026-10-22)
TickrTrends take: SMTC operates in the Technology sector and currently carries an Undervalued designation according to TickrTrends' valuation analysis. The headline suggests the market may have overreacted to a perceived slowdown in the company's growth trajectory, which could explain why the stock trades below levels that fundamentals might support. Investors focused on valuation metrics should monitor whether the company's actual growth performance validates or contradicts the market's apparent pessimism reflected in its current pricing. - Semtech (SMTC) Raises Q3 Outlook, Shares React Amid Valuation Debate (gurufocus.com, 2026-10-16)
TickrTrends take: Semtech's raise to its Q3 outlook provides concrete evidence of operational momentum that could support higher earnings, yet TickrTrends currently assesses the stock as overvalued based on its existing valuation metrics. For investors focused on valuation, the key question is whether the magnitude of this guidance improvement is sufficient to justify the current market price relative to fundamentals in the technology sector. The divergence between improving business performance and an overvalued assessment suggests monitoring how the company's actual Q3 results compare to these raised expectations and whether management's forward guidance continues to expand. - Northland Upgrades Semtech (SMTC) to Outperform with $186 Price Target Amid Share Price Drop (gurufocus.com, 2026-10-16)
TickrTrends take: Northland Capital's upgrade to Outperform with a $186 price target follows a decline in SMTC's share price, yet TickrTrends currently assesses the company as overvalued within the Technology sector. The disconnect between the analyst's bullish stance and the valuation verdict suggests investors should monitor whether the recent share price weakness has moved the stock closer to fair value or if the overvaluation persists despite the analyst upgrade. Valuation-focused readers should track SMTC's fundamental metrics and earnings trajectory to determine if the current market price has adjusted sufficiently to align with the analyst's price target and underlying business fundamentals.
More SMTC news
- Semtech Corporation (SMTC) Analyst/Investor Day Transcript (seekingalpha.com, 2026-10-16)
- Semtech (SMTC) Raises Q3 Revenue Guidance Above Consensus Amid Strategic Outlook (gurufocus.com, 2026-10-16)
- Tower Semiconductor and Semtech Expand SiGe Partnership to Scale Power-Efficient Analog Connectivity for Data Centers (manilatimes.net, 2026-10-13)
- Semtech retreats 10%, adds to recent retreat amid tech pullback (SMTC:NASDAQ) (seekingalpha.com, 2026-10-12)
- Can Palo Alto Networks Partnership Lift Semtech’s (SMTC) AirLink Portfolio? (insidermonkey.com, 2026-10-08)
- Oppenheimer Highlights Semtech (SMTC) as Top SMID-Cap Pick for Fall 2026 (gurufocus.com, 2026-10-06)
What people are saying
Follow the SMTC conversation: Stocktwits · Reddit · X
TickrTrends weekly updates
- 2026-10-19 — SMTC's technical trend state shifted from uptrend to mixed this week as indicated by the 50/200-day moving average relationship. The stock's relative valuation improved significantly, with its sector discount rank moving from 146th to 100th position within the Technology sector. TickrTrends' valuation verdict reversed from Overvalued to Undervalued based on this week's analysis.
- 2026-10-12 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-11 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-10 — SMTC's sector discount rank improved this week, moving from number 151 to number 144 among Technology sector companies. Despite this improvement in relative valuation positioning, the stock remains classified as overvalued according to TickrTrends' derived indicators.
- 2026-10-05 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-28 — SMTC moved from a mixed trend into an uptrend on its 50/200-day indicators this week, while its RSI shifted from overbought into neutral territory. The stock's sector discount rank declined significantly from 92 to 150, and its valuation verdict changed from undervalued to overvalued.
- 2026-09-21 — SMTC has experienced notable movement in its technical and valuation metrics this week. The RSI zone shifted from neutral to overbought territory, while the stock's sector discount rank improved from 131 to 92, indicating stronger relative valuation positioning within the Technology sector. The valuation verdict has upgraded from fairly valued to undervalued.
- 2026-09-17 — No material change this week: the verdict, bands and grades all held steady.
Frequently asked questions
Is SMTC stock undervalued?
SMTC does not yet have sufficient validated earnings history for a full Forward Fair Value verdict under TickrTrends' standards; it is re-evaluated every week.
What is SMTC's TickrTrends verdict?
SMTC is currently marked 'Awaiting full valuation' - a verdict publishes automatically once at least six validated trailing P/E windows accumulate.
How does SMTC compare to other Technology stocks?
SMTC ranks #69 of 274 Technology stocks in TickrTrends' coverage by quality score. It carries no fair-value verdict yet, so it is not ranked by discount.
Is SMTC overbought or oversold?
SMTC's 14-day RSI is in neutral territory - neither overbought nor oversold.
When does SMTC report earnings next?
SMTC's next earnings report is scheduled for 2026-11-23, per the published earnings calendar.
Does SMTC usually beat earnings estimates?
Over its last 8 reported quarters SMTC beat the consensus estimate 8 times and missed 0 times, by TickrTrends' comparison of reported and estimated EPS.
What do analysts say about SMTC?
Of 16 analysts covering SMTC, 15 rate it a buy, 1 a hold and 0 a sell - buy-leaning, with a consensus price target of $217 (+58.7% versus TickrTrends' last price). This is the analyst consensus, not TickrTrends' Forward Fair Value verdict.