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Mar 17, 2026 12:00 PM

Semtech Beats Q4 Expectations, Analyst Says AI Data Center Demand Outpaces Legacy Business Model

Shares of Semtech Corp (NASDAQ:SMTC) tanked in early trading on Tuesday, after the company reported fourth-quarter results.

Here are the key analyst insights:

Needham analyst Quinn Bolton maintained a Buy rating, while raising the price target from $100 to $105.

Benchmark analyst Cody Acree reaffirmed a Buy rating and price target of $115.

Check out other analyst stock ratings.

Needham: Semtech reported solid results and slightly higher-than-expected revenue guidance for Q1 of fiscal 2027. Bolton highlighted:

Datacenter growth due to ACC adoption and the ramp of 1.6T optical modules in the back half of the year

The acquisition of optoelectronics manufacturer HieFo is expected to be earnings accretive within a year of the deal

LoRa is likely to ...