Semtech (SMTC)
Designs data-center connectivity chips, LoRa radios, protection devices, and cellular IoT systems.
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Designs semiconductors for optical and copper data-center links, LoRa wireless IoT, circuit protection, power management, and professional video, while selling cellular IoT hardware and managed connectivity. Most manufacturing is outsourced, sales are concentrated in China, and an agreed sale of the cellular module business would narrow the portfolio toward data-center and LoRa connectivity.
Designs high-performance semiconductors for data-center networking, LoRa wireless IoT, circuit protection, power management, and professional video, while supplying cellular IoT modules, routers, gateways, and managed connectivity services. Signal Integrity products include optical and copper interfaces; Analog Mixed Signal and Wireless spans LoRa radios, protection and power devices, and video-over-IP; IoT Systems and Connectivity covers cellular hardware and connected services.
Serves infrastructure, industrial, and high-end consumer equipment makers worldwide. Competes through analog and mixed-signal engineering, customer design-ins, and a mostly outsourced manufacturing network, supplemented by HieFo's in-house optoelectronic-device production.
Has agreed to sell the cellular module business, subject to closing conditions, concentrating resources on data-center and LoRa connectivity. Sales are concentrated in China, while production depends substantially on third-party foundries, assembly, test, and electronics-manufacturing partners.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 27, 2026 | Robert W. Baird | Target | Target: $225 | Target: $300 |
| Aug 27, 2026 | Northland Securities | Target | Target: $53 | Target: $182 |
| Aug 26, 2026 | Morgan Stanley | Target | Target: $175 | Target: $195 |
| Aug 26, 2026 | Roth Capital | Target | Target: $190 | Target: $220 |
| Aug 26, 2026 | UBS | Reiterate | Rating: —Target: $225 | Target: $230 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 26, 2026Cash & short-term investments $204.1M · Total debt $525.0M · Total assets $1.65B · Shareholders' equity $748.9M
- Revenue
- $341.9M
- Operating income
- $55.8M
- Net income
- $160.1M
No dividends on record.
| Institutions | ≈ 93.25% | 87.03M shares | |
|---|---|---|---|
| 611 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.49% | 460.7K shares | |
| 16 holders · as of Sep 14, 2026 | |||
| Other | ≈ 6.26% | 5.83M shares | |
| remainder | |||
93.33M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 10.45% | 9.75M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.71% | 5.33M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.50% | 4.20M | as of Jun 30, 2026 |
Ameriprise Financial IncInstitution | 3.70% | 3.45M | as of Jun 30, 2026 |
State Street CorpInstitution | 3.63% | 3.39M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 16, 2026 | Rodolpho C. Cardenuto | director | −5,321 | $165.00 |
| Sep 10, 2026 | Mark Lin | officer: EVP and CFO | −683 | $159.90 |
| Sep 4, 2026 | Hong Q. Hou | director, officer: President and CEO | −2,000 | $138.71 |
| Sep 4, 2026 | Julie Garcia Ruehl | director | −1,500 | $145.00 |
| Aug 19, 2026 | Paul V. Jr Walsh | director | −500 | $135.48 |
- Marvell Technology
Dominant DSP optical IC maker contesting data-center transceiver sockets.
- STMicroelectronics (ADR)
Broad analog/IoT rival in TVS protection, LoRa chips, and wireless connectivity.
- Silicon Labs
Pure-play IoT wireless rival contesting LoRaWAN in LPWAN and smart-home markets.
- MACOM Technology Solutions
High-performance optical IC rival contesting LPO and 800G transceiver wins.
- Texas Instruments
Analog giant named in Semtech's 10-K for signal integrity, power, and wireless.
- Broadcom
Semiconductor giant with partial overlap in optical ICs and signal-integrity.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Semtech | $174.14 | −1.82% | $16.52B | 117.7 | 35.2 | 14.1 | +32.7% |
| Marvell Technology | $264.16 | +2.63% | $225.40B | 85.3 | 48.3 | 23.9 | +36.6% |
| STMicroelectronics (ADR) | $53.18 | +3.00% | $46.08B | 101.2 | 26.7 | 3.5 | +24.4% |
| Silicon Labs | $221.24 | +0.17% | $7.28B | — | 60.7 | 8.5 | +18.3% |
| MACOM Technology Solutions | $277.37 | −0.62% | $21.29B | 89.7 | 33.6 | 18.3 | +35.8% |
| Texas Instruments | $269.50 | −0.51% | $247.37B | 41.2 | 28.3 | 12.7 | +22.8% |
| Broadcom | $362.84 | +0.05% | $1.73T | 46.3 | 20.9 | 19.4 | +85.5% |
| Median | 85.3 | 31.0 | 15.5 | +30.1% |