Semtech (SMTC)
Information Technology · analog and mixed-signal semiconductors · NASDAQ
Semtech provides high-performance semiconductors and integrated IoT connectivity solutions that power modern data center infrastructure, industrial automation, and connected devices.
What Semtech does
Semtech Corporation is a provider of high-performance semiconductors, IoT systems, and cloud connectivity services. The company designs, develops, and markets a portfolio of products for infrastructure applications—including data center networking and cellular infrastructure—as well as industrial IoT connectivity and high-end consumer electronics.
Themes: AI infrastructure, Internet of Things (IoT), edge computing, data center connectivity, cellular infrastructure
Fundamentals
- Price$136.20 as of 2026-10-20 close
- Market cap$12.7B as of 2026-08-21 (share count; price 2026-10-20)
- 1-year return+98.7% 2025-10-20 close $68.54 → 2026-10-20 close $136.20
- P/En/a negative earnings
- Net margin-3.8% FY2026, SEC XBRL
- Gross margin+51.6% FY2026, SEC XBRL
- ROE-7.3% FY2026, SEC XBRL
- ROICn/a No figure: its pre-tax income was zero or negative, so there is no tax rate to apply.
- Debt / equity0.86 borrowings, leases excluded / equity — 10-Q/10-K balance sheet 2026-04-26
- Revenue growth (YoY)+15.5% FY2026, SEC XBRL
- Revenue CAGR (3y)+11.5% SEC XBRL
- Beta2.62 as of 2026-09-02
- Last reported earnings2026-08-25 SEC EDGAR Form 8-K (Item 2.02)
How SMTC compares in its sector
- net profit marginmiddle range 379 covered Information Technology peers, as of 2026-09-02
- operating marginmiddle range 374 covered Information Technology peers, as of 2026-09-02
- gross marginmiddle range 310 covered Information Technology peers, as of 2026-09-02
- return on equitymiddle range 369 covered Information Technology peers, as of 2026-09-02
- 3-year revenue CAGRmiddle range 383 covered Information Technology peers
- free cash flow (absolute dollars, latest fiscal year)middle range 380 covered Information Technology peers, as of FY2026
Position among covered Information Technology companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Quarterly results
| Quarter | Revenue | Gross profit | Operating income | Net income | Diluted EPS | Operating cash flow | Capex |
|---|---|---|---|---|---|---|---|
| Q1 FY2027 2026-04-26 | $291M | $151M | $26M | $27M | $0.27 | $36M | $8M |
| Q4 FY2026 2026-01-25 | $274M† | $138M† | -$18M† | -$30M† | -$0.34† | $61M† | $2M† |
| Q3 FY2026 2025-10-26 | $267M | $138M | $31M | -$3M | -$0.03 | $47M† | $3M† |
| Q2 FY2026 2025-07-27 | $258M | $134M | -$16M | -$27M | -$0.31 | $44M† | $3M† |
| Q1 FY2026 2025-04-27 | $251M | $131M | $36M | $19M | $0.22 | $28M | $2M |
| Q4 FY2025 2025-01-26 | $251M† | $131M† | $21M† | $39M† | $0.68† | $33M† | $3M† |
| Q3 FY2025 2024-10-27 | $237M | $121M | $18M | -$8M | -$0.10 | $30M† | $483000† |
| Q2 FY2025 2024-07-28 | $215M | $105M | $8M | -$170M | -$2.61 | -$5M† | $3M† |
† Not filed as a discrete quarter: derived from the company's own year-to-date figures (for example the fourth quarter as the fiscal year minus the first nine months). A derived per-share figure is approximate, because the share count moves within the year.
Balance sheet at 2026-04-26
- Cash and equivalents$163M
- Total debt$492M borrowings only; leases excluded
- Net debt$329M total debt − cash − short-term investments
From the company's own SEC 10-Q and 10-K filings (XBRL), re-read every week. Figures in US dollars as filed; informational only — not financial advice.
How Semtech looks technically
Semtech (SMTC) is trading 12.3% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 295 trading days ago — a "golden cross", a bullish long-term signal. A trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 23 (a reading of 25+ marks a strong trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 36, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 8 trading days ago (its momentum flipped negative). It just made a new 20-day low, its first since 2026-09-03, breaking below its recent trading range. It is 32.6% below its highest point of the past year.
Trend
8
| Distance from the 200-day | it is trading 12.3% above its 200-day average, the long-term trend line — a longer-term uptrend | +12.3% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $156.95 | $156.95 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $121.26 | $121.26 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing high 18 calendar days ago — the swings before that are what the structure reading is measured on | 18 sessions |
| Wave structure | its recent swings can be read as a completed five-part upward sequence — the pattern Elliott-wave chartists call an impulse — which on that reading would now be due a pullback rather than more of the same; the labelling fails if price closes above 201.99. It is the only labelling that fits, and it describes the swings already printed, not what comes next. | possible five-wave upward sequence, complete |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 295 trading days ago — a "golden cross", a bullish long-term signal | 295 sessions |
| Trend strength (14-day ADX) | a trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 23 (a reading of 25+ marks a strong trend) | 22.6 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 36, neither overbought (above 70) nor oversold (below 30) | 35.6 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($132.72 to $201.99) — its "stochastic" reading is 5 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 5.0 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 8 trading days ago (its momentum flipped negative) | 8 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $201.99 | $201.99 |
|---|---|---|
| From the 52-week high | it is 32.6% below its 52-week high (its highest price of the past year) | -32.6% |
| Above the 52-week low | it is 125.9% above its 52-week low (its lowest price of the past year) | +126.0% |
| Below the 52-week high | it is 32.6% below its highest point of the past year | 32.6% |
| Since a 20-day breakout | it just made a new 20-day low, its first since 2026-09-03, breaking below its recent trading range | 1 session |
| Since a 55-day breakout | it made a new 55-day high about 11 trading days ago | 11 sessions |
| All-time high | its highest closing price on record is $201.99 (set on 2026-10-02) | $201.99 |
| Given back of the 52-week move | over the past year its closes ranged ($62.57 to $197.20), and it has given back around half of its rise from last year’s low — 45% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $109.69 to $114.00. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 45.3% |
| From the all-time high | it is 32.6% below its all-time high | -32.6% |
| Nearest price level | it is trading 16.2% above a support level at $114.17 — a price it turned at three times since 2026-04-24, most recently on 2026-08-24. Since 2024-10-21 it has 13 such levels below the current price and 0 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -16.2% |
| All-time low | its lowest closing price on record is $8.80 (set on 2008-11-19) | $8.80 |
| Above the all-time low | it is 1447.7% above its all-time low | +1,448% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are wider than usual versus its own recent 6-month history (wider than about 78% of it) | 78th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $12.84 between its high and its low — about 9.4% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $12.84 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $134.79 and $211.22 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $134.79 – $173.01 – $211.22 |
| Typical daily range (% of price) | its price moves about 9.4% in a typical session — among the most volatile in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 9.4% |
| Stretch from the 200-day average | it is trading 1.2 daily ranges above its 200-day average price (12.3% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 1.2 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.63× |
|---|
Analyst
2
| Change in the average price target | analysts have raised their average price target by 1.1% since the prior reading | +1.1% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Price gaps
3
| Gap at the open | it opened on 2026-10-20 3.0% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -3.0% |
|---|---|---|
| Open gap | it gapped 4.4% below the previous close 3 sessions ago and has not traded back through the level it left behind at 160.26 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -4.4% |
| Gap filled | a 3.0% gap down opened on 2026-10-20 has been "filled" today — price traded back through the level the gap left behind, and it closed again during the very session that opened it | today |
Price streaks
1
| Closing streak | it closed lower in its latest session, after a session that did not close lower — a single down day rather than a run | 1 session down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 27.3 percentage points (the stock lost 26.4% while the market gained 1.0%) | -27.3% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 4.6 percentage points (the stock gained 8.2% while the market gained 3.6%) | +4.6% |
| vs market, 6 months | over the past 6 months this stock beat the market by 20.1 percentage points (the stock gained 28.6% while the market gained 8.5%) | +20.1% |
| vs market, 12 months | over the past 12 months this stock beat the market by 84.2 percentage points (the stock gained 98.7% while the market gained 14.6%) | +84.2% |
Signal agreement
2
| Bullish technical signals | 4 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, outperforming the market over 6 months, near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 4 of 9 |
|---|---|---|
| Bearish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bearish state: a fresh 20-day low, MACD momentum is negative, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 3 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 0.4% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-14 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 6.2% of the share price. | -0.4% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 4% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $130.91 — a volume-weighted average of daily closes over 198 sessions, not a true tick-by-tick VWAP. | +4.0% |
|---|---|---|
| Vs the average paid since it last reported | the price is 15% below the average price paid since it last reported on 2026-08-25 (its 8-K), so the typical buyer over that stretch is under water. That average is $160.83 — a volume-weighted average of daily closes over 40 sessions, not a true tick-by-tick VWAP. | -15.3% |
Price levels it has turned at before
SMTC last closed at $136.20 on 2026-10-20. Since 2024-10-21 it has turned at 13 prices below its last close and 0 above; the 3 nearest below are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $114.17 | Support | 16.2% below the last close | turned there three times · 2026-04-24 to 2026-08-24 |
| $92.67 | Support | 32.0% below the last close | turned there twice · 2026-02-11 to 2026-04-28 |
| $83.86 | Support | 38.4% below the last close | turned there twice · 2026-01-22 to 2026-02-19 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now complete.
This labelling fails — stops being a possible reading at all — if it closes above $201.99.
It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
This reading has stood for 8 trading days, since 2026-10-09.
Read from daily closes as of 2026-10-20.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · Trading below the 50-day moving average · Pulled back from the 12-month high · Broke down to a new 20-day low · Analyst price target recently RAISED · beating the market | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-20. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingStrong Buy (1.19 mean, 1=Strong Buy…5=Strong Sell) — 15 analysts
- Mean price target$217.07 range $186.00 – $300.00; median $210.00
Analyst estimates, as of 2026-10-19. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for SMTC
- Consensus EPS estimate$1.13 next reporting period, as of 2026-10-19
- Estimate change, 30 days+$0.07667 (+7.3%) from $1.06, on 2026-09-14, 35-day window
- Readings revised upward29% of 7 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["High concentration of demand in AI-related semiconductors creating potential volatility","Heavy reliance on a limited number of suppliers and subcontractors","Significant indebtedness and associated covenant compliance requirements"]
What changed in the latest 10-Q
AI-assisted comparison of SMTC's 10-Q filed 2026-05-27 against the prior one filed 2025-11-25.
Management's Discussion & Analysis (MD&A)
- Added:
- Added description of 'photonic products' in Signal Integrity segment: 'Our photonic products include gain chips, semiconductor optical amplifiers, distributed feedback lasers for optical transceivers used across data center interconnects and intra-data center interconnects.' (newer filing 2026-05-27)
- Added 'force sensing' to Analog Mixed Signal and Wireless segment capabilities: 'Our unique sensing technology enables proximity sensing, force sensing, and advanced user interface solutions for mobile, consumer, computing and automotive products.' (newer filing 2026-05-27)
- Added reference to fiscal year ended January 25, 2026 in the opening paragraph (newer filing 2026-05-27)
- Removed:
- Removed reference to fiscal year ended January 26, 2025 from opening paragraph (older filing 2025-11-25)
- Removed 'Nine Months Ended' columns from net sales segment table and related data; table now shows only three-month comparison (newer filing 2026-05-27)
- Removed 'Recent Developments - Financing' section that began with 'On October 10, 2025, the Company issued and sold $402.5 million...' (older filing 2025-11-25)
- Removed phrase 'for our mobile and consumer products' after sensing technology description; newer version expands to 'for mobile, consumer, computing and automotive products' (newer filing 2026-05-27)
- Reworded:
- Changed company description from 'high-performance semiconductor, Internet of Things ("IoT") systems and cloud connectivity service solutions' to 'high-performance semiconductors powering data center networking, IoT connectivity and cellular infrastructure solutions' (newer 2026-05-27 vs. older 2025-11-25)
- Changed Signal Integrity description from 'integrated circuits ("ICs") for data centers' to 'integrated circuits ("ICs") and photonic products for data centers' (newer filing 2026-05-27)
- Changed phrase from 'next generation high-definition' to 'next-generation high-definition' (hyphenation change, newer filing 2026-05-27)
- Changed phrase from 'electrical over stress' to 'electrical over-stress' (hyphenation change, newer filing 2026-05-27)
- Changed phrase from 'smart phones' to 'smart-phones' (hyphenation change, newer filing 2026-05-27)
- Changed phrase from 'industry leading' to 'industry-leading' (hyphenation change, newer filing 2026-05-27)
- Notes:
- The newer filing (2026-05-27) presents Q2 data for quarters ended April 26, 2026 vs. April 27, 2025; the older filing (2025-11-25) presents Q3 data for quarters ended October 26, 2025 vs. October 27, 2024, making direct sales comparisons between filings non-equivalent
- The older filing text appears truncated at the end ('On October 10, 2025, the Company issued and sold $402.5 million in a'), preventing full assessment of removed content
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 11 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-16. The 5 days since 2026-10-16 have not been checked yet.
- Last 30 days · read to 2026-10-160 buys · 4 sells ($1M) — 4 selling insiders
- Last 90 days · read to 2026-10-160 buys · 11 sells ($4M) — 7 selling insiders
- Last 180 days · read to 2026-10-160 buys · 35 sells ($11M) — 10 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-10-07. Based on Form 4 filings read through 2026-10-16; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about SMTC's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
U.S. House trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 8 matched disclosures for SMTC from U.S. House Clerk Periodic Transaction Report filings.
U.S. House trading disclosures →Institutional ownership (13F)
6 institutional 13F filers reported holding SMTC as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 6
- Reported shares held 17,532,182
- Reported value $2,837,461,607
reported quarterly holdings change (2026-03-31 → 2026-06-30): 1 new, 2 increased, 3 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about SMTC's institutional holders → See what each manager we track holds →
Short interest (FINRA)
SMTC had 6,213,132 shares of reported short interest as of the 2026-09-30 FINRA settlement date (delayed, bi-monthly; not real-time).
SMTC had 6.66% of its shares outstanding sold short as of the 2026-09-30 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 1.71 days to cover at the same settlement.
- Reported short interest (shares) 6,213,132
- Short interest (% of shares outstanding) 6.66%
- Prior settlement (shares) 6,837,610
- Reported change -9.13%
- Days to cover (reported) 1.71
Reported to FINRA as of the 2026-09-30 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Broadcom (AVGO)
- Texas Instruments (TXN)
- Analog Devices (ADI)
- Skyworks Solutions (SWKS)
- Qorvo (QRVO)
- Infineon Technologies
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does Semtech (SMTC) do?
Semtech Corporation is a provider of high-performance semiconductors, IoT systems, and cloud connectivity services. The company designs, develops, and markets a portfolio of products for infrastructure applications—including data center networking and cellular infrastructure—as well as industrial IoT connectivity and high-end consumer electronics.
What sector is Semtech (SMTC) in?
Semtech (SMTC) is classified in the Information Technology sector. Its industry is analog and mixed-signal semiconductors. It trades on NASDAQ.
Who are Semtech's (SMTC) competitors?
Notable peers of Semtech (SMTC) include Broadcom, Texas Instruments, Analog Devices, Skyworks Solutions and Qorvo. This peer set is informational only — not financial advice.
Has there been recent U.S. House stock trading in SMTC?
Yes — we hold 8 matched STOCK Act disclosures for SMTC from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is Semtech (SMTC) overbought or oversold right now?
Semtech (SMTC) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 36, in the neutral middle (as of 2026-10-20). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on SMTC come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest; prices are market data, as of 2026-09-02; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-20.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.