Semtech stock: B.Riley reiterates USD 210 target after guidance update

Published on 10/22/2026 at 22:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter guidance reached USD 417.50 million. Semtech stock costs EUR 111.05 on October 22, 2026, down 14.45 percent versus Xetra close.

Analyst view and guidance

B.Riley reiterated its USD 210.00 target for Semtech on October 21, 2026.
Third-quarter fiscal 2027 revenue guidance has a USD 417.50 million midpoint.
Semtech stock costs EUR 111.05 at Lang & Schwarz on October 22, 2026 at 10:50 p.m. CEST, 14.45 percent below the Xetra close of October 21, 2026.
Semtech reported USD 341.90 million in second-quarter fiscal 2027 net sales.

SMTC, US8168501018, Illustration mit AI erstellt.

Semtech Corporation (ISIN US8168501018) remains covered by a USD 210.00 price target from B.Riley, which reiterated its Buy rating on October 21, 2026, according to Investing.com. Against the Nasdaq price of USD 125.12 on October 22, 2026, that target lies 67.84 percent above the stock. At Lang & Schwarz, Semtech was trading at EUR 111.05 on October 22, 2026 at 10:50 p.m. CEST, down 14.45 percent versus the Xetra close of October 21, 2026 at EUR 129.80.

Guidance reaches USD 417.50 million

Semtech's latest operating signal is its fiscal third-quarter 2027 outlook. The midpoint of revenue guidance is USD 417.50 million, above the previous midpoint of USD 410.00 million, according to the company's investor-relations page. The same page lists fiscal second-quarter 2027 net sales of USD 341.90 million, non-GAAP gross margin of 54.50 percent and non-GAAP operating margin of 24.40 percent. These figures put the next quarter's midpoint USD 75.60 million, or 22.11 percent, above the reported second-quarter sales base.

Semtech's fiscal second-quarter 2027 revenue was USD 341.90 million, compared with USD 291.02 million in the first quarter of fiscal 2027. The sequential increase was USD 50.88 million, or 17.48 percent. Net income attributable to common shareholders reached USD 160.12 million in the second quarter, while diluted earnings per share were USD 1.59.

Stock sits below the Xetra close

The euro quotation is 14.45 percent below the Xetra close of October 21, 2026. The Nasdaq quotation was USD 125.12 on October 22, 2026, while the 52-week range was USD 60.28 to USD 201.99. Semtech's market capitalization was USD 11.7 billion on October 22, 2026, and its price-to-earnings ratio was 83.00.

Data center targets shape valuation

B.Riley's October 21 note cited Semtech's data center opportunity and valued the company at 14.80 times fiscal 2029 earnings per share and 11.50 times fiscal 2030 earnings per share. The firm also cited a fiscal 2030 revenue target of USD 3.20 billion and non-GAAP earnings per share guidance of USD 12.40 to USD 13.00. These are forward targets, not reported results.

Semtech's investor-relations page identifies Nasdaq as the primary exchange and lists the second-quarter fiscal 2027 earnings call on August 25, 2026 and the Data Center Analyst Day on October 15, 2026. Its business spans signal integrity, analog mixed signal and wireless, IoT systems and connected services.

What the figures mean for Semtech

The current contrast is clear: B.Riley's USD 210.00 target is 67.84 percent above the Nasdaq price, while the euro quotation is 14.45 percent below the Xetra close. The next test is whether the USD 417.50 million third-quarter midpoint can support the longer-term data center ambitions described by management and analysts.

The further course of trading is shown by the continuously updated real-time quote of Semtech stock.