最新ニュース Semtech (NASDAQ:SMTC) 株価情報

Semtech

Semtech Corp is engaged in designing, developing, manufacturing and marketing analog and mixed-signal semiconductors, algorithms and wireless semiconductors, connectivity modules, gateways, routers and connected services for IoT. The company operates in four reportable segments' 1) Signal Integrity, 2) Advanced Protection and Sensing, 3) IoT System and 4) IoT Connected Services. The majority of the company's revenue is earned through Advanced Protection and Sensing Products segment. Geographically majority of the company's revenue is earned from Asia Pacific region.

Semtech Corp

WIIM

SMTC

Semtech shares are trading higher. UBS initiated coverage on the stock with a Buy rating and announced a price target of $85.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Stifel analyst Jeff Stantial initiated coverage on Flutter Entertainment PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>) with a Buy rating and announced a price target of $320. Flutter Entertainment shares closed at $257.56 on Thursday. <a href="https://www.benzinga.com/quote/flut/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Raymond James analyst Sam Darkatsh initiated coverage on Watsco Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSO#NYSE">WSO</a>) with a Market Perform rating. Watsco shares closed at $491.10 on Thursday. <a href="https://www.benzinga.com/quote/wso/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>DA Davidson analyst Brent Thelman initiated coverage on Orion Group Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORN#NYSE">ORN</a>) with a Buy rating and announced a price target of $11. Orion shares closed at $7.29 on Thursday. <a href="https://www.benzinga.com/quote/orn/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS analyst Timothy Arcuri initiated coverage on Semtech Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) with a Buy rating and announced a price target of $85. Semtech shares closed at $68.93 on Thursday. <a href="https://www.benzinga.com/quote/smtc/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>William Blair analyst Louie DiPalma initiated coverage on Sterling Infrastructure Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRL#NASDAQ">STRL</a>) with an Outperform rating. Sterling Infrastructure shares closed at $178.48 on Thursday. <a href="https://www.benzinga.com/quote/strl/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying SMTC stock? Here&#8217;s what analysts think:
<img decoding="async" src="https://www.benzinga.com/files/images/story/2025/1737123127_0.png" alt="" />
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This Semtech Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Friday

UBS analyst Timothy Arcuri initiates coverage on Semtech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) with a Buy rating and announces Price Target of $85.

Price Target

UBS Initiates Coverage On Semtech with Buy Rating, Announces Price Target of $85

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Shares of semiconductor companies are trading higher amid overall market strength after CPI data was in line with estimates and core CPI rose by less than expected.

Needham analyst N. Quinn Bolton noted 2024&#8217;s divergence of the fortunes of <a href="https://www.benzinga.com/topic/semiconductors" target="_blank" rel="noreferrer noopener">semiconductor companies exposed</a> to different end markets. 
Semiconductor suppliers exposed to the PC, smartphone, industrial, and automotive sectors generally noticed fundamentals under pressure throughout the year.
On the other hand, the AI segment experienced strong demand for accelerating deployments of AI infrastructure.
Also Read: <a href="https://www.benzinga.com/government/regulations/25/01/42907937/taiwan-semiconductor-hits-26-3-billion-q4-revenue-reportedly-ends-powerair-deal-over-huawei-chip-breach-amid-us-sanctions" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor Hits $26.3 Billion Q4 Revenue, Reportedly Ends PowerAIR Deal Over Huawei Chip Breach Amid US Sanctions</a>
As a result, AI-driven semiconductor stocks significantly outperformed the S&amp;P 500 Index and non-AI-driven semiconductor stocks in 2024.
The performance of AI and non-AI stocks may begin to see some mean reversion, Bolton says. Growth in AI revenue will begin to decelerate and fundamentals for analog/mixed-signal semiconductor companies will start to recover.
Bolton named Allegro MicroSystems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGM#NASDAQ">ALGM</a>) his top pick for 2025 and added the company to Needham&#8217;s Conviction List.
Bolton noted that 2024 was the year of the &#8220;haves&#8221; and the &#8220;have nots&#8221; in the semiconductor industry. Due to the combination of weak demand conditions and digestion of excess inventory, semiconductor suppliers exposed to the PC, smartphone, industrial, and automotive end markets generally experienced revenue and earnings declines in 2024.
While the S&amp;P 500 Index returned 23% in calendar year 2024, the average return for the &#8220;non-AI&#8221;-driven semiconductor companies in Bolton&#8217;s coverage universe was -17 %.
On the other hand, driven by strong demand for accelerating deployments of AI infrastructure, semiconductor companies with exposure to AI saw robust revenue and earnings growth.
On average, the stock prices of AI-driven companies in Bolton&#8217;s coverage universe increased 147% in 2024, significantly outperforming the 23% return of the S&amp;P 500 over this period.
Bolton noted that broad-based, analog/mixed-signal, and cyclical recovery stocks may outperform in 2025. In 2025, Bolton expects the performance of AI and non-AI stocks to begin to see some mean reversion as growth in AI revenue begins to decelerate and fundamentals for analog/mixed-signal semiconductor companies begin to recover.
Bolton did not call for this rotation from AI names to analog/mixed-signal or other semiconductor cycle plays to necessarily occur in early 2025. The near-term outlook for many analog/mixed-signal stocks remains muted in the near-term while he expects continued momentum in revenue and earnings for the AI-related stocks. However, Bolton noted this rotation could begin in the Spring to early Summer.
AI spending is decelerating, which may lead to multiple contractions.
Potential catalysts for the rotation included the end of inventory digestion and improvements in end market demand. The trend toward autonomy and electrification in autos is intact and should drive semiconductor growth, and valuations that are more compelling than those for AI-driven stocks.
Bolton also remains positive on Silicon Laboratories, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLAB#NASDAQ">SLAB</a>), Lattice Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>), and ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>).
Bolton noted Silicon Labs as an idiosyncratic semiconductor play that is not dependent on a macro recovery in 2025 as new design win ramps in smart meters in India, electronic shelf labeling and continuous glucose monitors, as well as the ramp of new single-stream WiFi 6 and Bluetooth 6 products, should drive sequential growth through the year. 
Bolton also explained that Lattice Semiconductor is poised for the second half of calendar 2025 recovery as the inventory correction in its Industrial &amp; Automotive segment clears and the company ramps up new Nexus and Avant product offerings. 
Lastly, while ON Semiconductor management expects sub-seasonal results in the first half of calendar 2025, Bolton noted the company is highly leveraged to a cyclical recovery and could see the name perform well in the second half of calendar 2025.
Bolton noted Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) (Buy, $160 price target), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), and Marvell Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) (Buy, $120 price target) will all benefit from the strong unit growth of XPUs, both general purpose GPUs and hyperscaler custom ASICs, over the coming years.
Bolton&#8217;s favorite ways to play the connectivity trend in AI data centers include:
<ul>
<li>Astera Labs Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) — Buy, $140 price target</li>
<li>Credo Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) — Buy, $80 price target</li>
<li>MACOM Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTSI#NASDAQ">MTSI</a>) — Buy, $150 price target</li>
<li>Semtech Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) — Buy, $74 price target. </li>
</ul>
Bolton increased his price targets on Astera Labs $100 to $140 and Credo Technology from $70 to $80. 
Also Read:
<ul>
<li><a href="https://www.benzinga.com/25/01/42900314/nvidia-teams-up-with-dutch-government-to-build-cutting-edge-ai-supercomputer-facility" target="_blank" rel="noreferrer noopener">Nvidia Teams Up with Dutch Government to Build Cutting-Edge AI Supercomputer Facility</a></li>
</ul>
Image: Shutterstock

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Nvidia, Broadcom, Marvell Positioned For Growth As AI Demand Drives Semiconductor Momentum

Stifel analyst Tore Svanberg maintains Semtech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) with a Buy and raises the price target from $65 to $75.

Stifel Maintains Buy on Semtech, Raises Price Target to $75

Semtech's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NYSE">SMTC</a>) short percent of float has fallen 6.01% since its last report. The company recently reported that it has 7.35 million shares sold short, which is 10.95% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.31 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Semtech Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734699620_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Semtech has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Semtech's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Semtech's peer group average for short interest as a percentage of float is 7.64%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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(SMTC) - Analyzing Semtech's Short Interest

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Shares of semiconductor companies are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

Needham analyst Quinn Bolton maintains Semtech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) with a Buy and raises the price target from $70 to $74.

Needham Maintains Buy on Semtech, Raises Price Target to $74

Northland Capital Markets analyst Gus Richard maintains Semtech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) with a Outperform and raises the price target from $60 to $66.

Northland Capital Markets Maintains Outperform on Semtech, Raises Price Target to $66

<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="580" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213417/Top-Image-1024x580.jpg" alt="" class="wp-image-3926" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213417/Top-Image-1024x580.jpg 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213417/Top-Image-300x170.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213417/Top-Image-768x435.jpg 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213417/Top-Image.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">Overcoming A 44%+ Drop In A Top Stock</h2>
We&#8217;ve done well with Super Micro Computer (SMCI) recently, buying it at $21.86 last month (&#8220;<a href="https://www.benzinga.com/markets/24/11/42052075/turning-bullish-on-supermicro">Turning Bullish On Supermicro</a>&#8220;), and seeing the stock more than double since. 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="955" height="1024" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213503/SMCI-Monday-955x1024.jpg" alt="" class="wp-image-3927" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213503/SMCI-Monday-955x1024.jpg 955w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213503/SMCI-Monday-280x300.jpg 280w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213503/SMCI-Monday-768x824.jpg 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213503/SMCI-Monday.jpg 1119w" sizes="(max-width: 955px) 100vw, 955px" /></figure>
But SMCI was in some of our hedged portfolios created six months ago, and it dropped more than 44% over that time frame.&nbsp;
Here&#8217;s a look at one of those portfolios, and how hedging and security selection enabled it to still smoke the S&amp;P 500.&nbsp;
<h2 class="wp-block-heading">Our Hedged Portfolio From June 6th, 2024</h2>
This was the hedged portfolio our system created on June 6th, for an investor with $3,000,000 to put to work who didn&#8217;t want to risk a decline of more than 30% over the next six months. Our system started by dividing the money in seven equal parts, and allocating it to&nbsp;Abercrombie &amp; Fitch Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>),&nbsp;Century Aluminum Co.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENX#NASDAQ">CENX</a>)&nbsp;Dell Technologies&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>),&nbsp;Comfort Systems USA, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>),&nbsp;Powell Industries, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>), and&nbsp;Semtech Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>), in addition to&nbsp;Super Micro Computer Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>).&nbsp;
<figure class="wp-block-image aligncenter size-full"><img loading="lazy" decoding="async" width="700" height="538" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214000/1-Chart-.jpg" alt="" class="wp-image-3928" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214000/1-Chart-.jpg 700w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214000/1-Chart--300x231.jpg 300w" sizes="(max-width: 700px) 100vw, 700px" /></figure>
<figure class="wp-block-image aligncenter size-full"><img loading="lazy" decoding="async" width="700" height="646" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214220/2-Chart-1.jpg" alt="" class="wp-image-3930" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214220/2-Chart-1.jpg 700w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214220/2-Chart-1-300x277.jpg 300w" sizes="(max-width: 700px) 100vw, 700px" /></figure>
Screen captures via&nbsp;<a href="https://portfolioarmor.com/">Portfolio Armor</a>&nbsp;on 6/6/2024.
Next, it rounded down those seven dollar amounts to round lots of each of those names and their optimal hedges. Then it swept most of the leftover cash from that process into a tightly collared position in MicroStrategy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>). 
The dollar amount of the SMCI position (circled in red in the image above) at the start was $233,376 in underlying shares and $21,900 in puts for a total position value of $255,276. We&#8217;ll come back to that in a moment.&nbsp;
<h2 class="wp-block-heading">How That Portfolio Performed Over The Next 6 Months</h2>
Over the next six months, our portfolio was up 30.52%, net of hedging and trading costs, while the&nbsp;SPDR S&amp;P 500 Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 14.4%. So it more than doubled the performance of the market, despite SMCI dropping 44%.&nbsp;
<figure class="wp-block-image aligncenter size-full"><img loading="lazy" decoding="async" width="700" height="545" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214404/1-Portfolio-.jpg" alt="" class="wp-image-3931" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214404/1-Portfolio-.jpg 700w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214404/1-Portfolio--300x234.jpg 300w" sizes="(max-width: 700px) 100vw, 700px" /></figure>
<figure class="wp-block-image aligncenter size-full"><img loading="lazy" decoding="async" width="700" height="282" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214442/2-Portfolio.jpg" alt="" class="wp-image-3932" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214442/2-Portfolio.jpg 700w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214442/2-Portfolio-300x121.jpg 300w" sizes="(max-width: 700px) 100vw, 700px" /></figure>
You can view an interactive version of the chart above <a href="https://portfolioarmor.com/front_tests/5769" target="_blank" rel="noreferrer noopener nofollow">here</a>.
You can see the ending value for the $SMCI plus its put hedge circled in red above: $202,155.30. Recall that the starting value for that position was&nbsp;$255,276. $202,155.30 represents a 20.8% drop from $255,276.&nbsp;
<h2 class="wp-block-heading">How This Portfolio Beat The Market Despite SMCI&#8217;s 44% Drop&nbsp;</h2>
We mentioned two reasons above: hedging and security selection. Both are true, but there&#8217;s a bit more to it.&nbsp;
<ul>
<li>Although SMCI dropped by 44%&#8211;and its hedge was designed to protect against a &gt;30% drop&#8211;it nevertheless limited the drawdown to 20.8%. That was due to the positive hedging error inherent in our hedging algorithm.&nbsp;</li>
<li>Security selection helped overall here in picking mostly winners. POWL, for example, was up more than 73% over that six-month period.&nbsp;</li>
<li>Concentration helped here too. Since there were only 8 underlying securities in the portfolio, the 73% gain in POWL had a big impact.&nbsp;</li>
<li>Finally, knowing when to hedge with optimal puts rather than optimal collars was key. Our system has an algorithm to determine that, and since it hedged POWL with puts, we captured nearly all of its upside.&nbsp;</li>
</ul>
You can use our system to create hedged portfolios for dollar amounts as small as $30,000&#8211;you just need to enter the dollar amount you want to invest and largest drawdown you&#8217;re willing to risk, and our system does the rest.&nbsp;
<h2 class="wp-block-heading">If You Just Want To Hedge What You Already Have</h2>
If you are concerned about downside risk, as a reminder, you can download our iPhone hedging app by aiming your iPhone camera at the QR code below (or by&nbsp;<a href="https://apps.apple.com/us/app/portfolio-armor/id394951144">tapping here</a>, if you&#8217;re reading this on your phone).&nbsp;
<figure class="wp-block-image size-full"><a href="https://apps.apple.com/us/app/portfolio-armor/id394951144"><img loading="lazy" decoding="async" width="200" height="197" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09215017/QR-Code-2.jpg" alt="" class="wp-image-3933" /></a></figure>
And if you would like a heads up next time we place an aggressive trade, like our recent winner on QIFU Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QFIN#NASDAQ">QFIN</a>) 
<ol>
<li>Calls on QIFU Technologies ( QFIN 2.17%↑). Bought at $2.15 on 10/1/2024; sold (half) at $6.45 on 12/9/2024. Profit: 200%.</li>
</ol>
You can subscribe to our trading Substack/occasional email list below.&nbsp;

If you&#8217;d like to stay in touch
You can scan for optimal hedges, find our current top ten names, and&nbsp;create hedged portfolios&nbsp;on&nbsp;<a href="https://portfolioarmor.com/">our website</a>.&nbsp;You can also follow Portfolio Armor on X&nbsp;<a href="https://twitter.com/portfolioarmor">here</a>. Or become a free subscriber to our trading Substack using the link below (we&#8217;re using that for our occasional emails now).
<figure class="wp-block-image aligncenter size-full"><a href="https://portfolioarmor.substack.com/"><img loading="lazy" decoding="async" width="602" height="418" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09215518/Widget-2.jpg" alt="" class="wp-image-3934" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09215518/Widget-2.jpg 602w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09215518/Widget-2-300x208.jpg 300w" sizes="(max-width: 602px) 100vw, 602px" /></a></figure>

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How To Beat The Market When One Of Your Top Stocks Drops 44%

The size of the offering was increased from the previously announced $400 million of shares of common stock. The gross proceeds to the Company, before deducting the underwriting discounts and commissions and estimated offering expenses payable by the Company, are expected to be approximately $575 million.&nbsp; The Company intends to use the net proceeds from the proposed offering for the repayment of certain indebtedness under the Company's Third Amended and Restated Credit Agreement, dated September 26, 2022, with the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent.

Reported Earlier, Semtech Prices Upsized $575M Public Offering of 9,126,985 Common Shares At $63/Shares

Semtech shares are trading lower after the company announced a proposed $400 million public offering of common stock.

Offerings

Semtech Announces Proposed $400M Public Offering of Common Stock

Semtech's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NYSE">SMTC</a>) short percent of float has fallen 4.35% since its last report. The company recently reported that it has 6.55 million shares sold short, which is 11.65% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Semtech Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732717816_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Semtech has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Semtech's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Semtech's peer group average for short interest as a percentage of float is 10.40%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Semtech's Recent Short Interest

<h3>Gainers</h3>
<ul>
<li>T Stamp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDAI#NASDAQ">IDAI</a>) stock rose 99.2% to $0.36 during Tuesday's pre-market session. The market value of their outstanding shares is at $8.2 million. </li>
<li>Toyo Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOYO#NASDAQ">TOYO</a>) stock increased by 93.1% to $5.6. The market value of their outstanding shares is at $248.2 million. </li>
<li>ZenaTech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENA#NASDAQ">ZENA</a>) shares rose 87.54% to $12.04. The market value of their outstanding shares is at $212.6 million. </li>
<li>SmartKem (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTK#NASDAQ">SMTK</a>) shares moved upwards by 40.88% to $7.65. The market value of their outstanding shares is at $13.6 million. </li>
<li>Maxeon Solar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) shares moved upwards by 21.67% to $9.71. The market value of their outstanding shares is at $148.4 million. </li>
<li>Semtech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) stock increased by 17.88% to $63.0. The market value of their outstanding shares is at $4.7 billion. As per the news, the Q3 earnings report came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) shares fell 26.7% to $15.95 during Tuesday's pre-market session. The market value of their outstanding shares is at $77.3 million. </li>
<li>Quantum Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) shares declined by 15.6% to $6.5. The company's market cap stands at $768.2 million. </li>
<li>Rigetti Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) stock declined by 13.1% to $2.39. The company's market cap stands at $459.5 million. </li>
<li>Arqit Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQQ#NASDAQ">ARQQ</a>) stock declined by 12.58% to $15.5. The market value of their outstanding shares is at $105.7 million. </li>
<li>Yxt.Com Group Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YXT#NASDAQ">YXT</a>) shares declined by 11.04% to $2.66. The market value of their outstanding shares is at $159.8 million. As per the press release, Q3 earnings came out today. </li>
<li>Kingsoft Cloud Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) stock declined by 10.51% to $6.22. The market value of their outstanding shares is at $1.4 billion. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Tuesday's Pre-Market Session

Semtech Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) shares are moving higher on Tuesday after the company reported better-than-expected third-quarter earnings Monday <a href="https://www.benzinga.com/24/11/42190320/semtech-analysts-raise-their-forecasts-after-upbeat-earnings">after the close.</a>
The Details: Semtech shares have soared nearly 20% on Tuesday after the company reported financial results for the third quarter of fiscal 2025. Semtech reported third-quarter adjusted earnings per share of 26 cents, beating analyst estimates of adjusted earnings per share of 23 cents.
Semtech reported net sales of $236.80 million, beating analyst estimates of $232.06 million, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. The company said $43.1 million of its revenue was generated from data center sales. Semtech also reported gross margin of 52.4% and adjusted EBITDA of $51.1 million.
The company issued strong guidance for the fourth quarter. Semtech sees revenue of $245 million to $255 million versus analyst estimates of $242.03 million. The company anticipates earnings between 29 cents and 35 cents per share versus analyst estimates of 27 cents per share.
&#8220;Our reported results and&nbsp;outlook&nbsp;demonstrate leverage in our operating model, targeting healthy net sales growth along with prudent spending,&#8221; said Mark Lin, Semtech&#8217;s executive vice president and CFO. 
&#8220;We reported positive operating and free cash flows, and consistent with our previously stated capital allocation priority, we made principal prepayments on our credit facility in both the third and fourth quarters of this fiscal year.&#8221;
Related Link: <a href="https://www.benzinga.com/news/global/24/11/42179729/as-nvidia-maintains-chip-supremacy-jim-cramer-says-the-so-called-enemies-of-semiconductor-giant-arent-really-enemies">As Nvidia Maintains Chip Supremacy, Jim Cramer Says Foes Of Semiconductor Giant &#8216;Aren&#8217;t Really Enemies&#8217;</a>
Analyst Changes: Following the earnings report, multiple analysts issued <a href="https://www.benzinga.com/quote/SMTC/analyst-ratings">price target adjustments</a>, which appears to be adding to the momentum in Semtech shares Tuesday.
<ul>
<li>Needham analyst Quinn Bolton reiterated a Buy and raised the price target from $50 to $70.</li>
</ul>
<ul>
<li>Piper Sandler analyst Harsh Kumar reiterated an <a href="https://www.benzinga.com/analyst-stock-ratings">Overweight</a> and raised the price target from $60 to $75.</li>
</ul>
<ul>
<li>Stifel analyst Tore Svanberg maintained a Buy and raised the price target from $58 to $65.</li>
</ul>
<ul>
<li>Benchmark analyst Cody Acree maintained a Buy and raised the price target from $56 to $82.</li>
</ul>
<ul>
<li>B. Riley Securities analyst Craig Kennison maintained a Buy and raised the price target from $61 to $85.</li>
</ul>
SMTC Price Action: At the time of writing, Semtech shares are trading 19.3% higher at $63.74, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Shutterstock.

Guidance

What's Going On With Semtech Shares Tuesday?

The U.S. stock market traded mixed on Tuesday morning, with major indices showing tight movements as investors awaited the release of the Federal Reserve's <a href="https://www.benzinga.com/topic/interest-rates">November meeting minutes</a>. 
Reports are expected to provide fresh critical insights into the central bank's outlook for interest rates. Fed futures currently assign a 59% probability of a 25-basis-point rate cut in December. The remaining odds suggest the Fed may hold rates steady in the 4.5%-4.75% range, as per CME FedWatch.
Fed futures are currently assigning a 59% chance to a 25-basis-point Fed rate cut in December, while remaining odds point to the option of holding rates steady at 4.5%-4.75%, as per CME FedWatch. 
<h3 class="wp-block-heading">25% Tariffs On All Imports</h3>
In a relatively quiet trading session, both Mexican and Canadian assets saw a surge in volatility after President-elect Donald Trump pledged to <a href="https://www.benzinga.com/etfs/currency-etfs/24/11/42190765/trumps-tariff-threats-slam-mexican-peso-canadian-dollar-only-the-beginning-of-a-sorely-needed-repricing-expert-warns">raise tariffs to 25% on all imports from Mexico and Canada</a>, citing efforts to combat drug trafficking and illegal immigration.
The Mexican peso dropped 2.5%, falling to 22.80 per U.S. dollar, a level of weakness not seen since August 2022. The iShares MSCI Mexico ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWW#NYSE">EWW</a>) also declined sharply, tumbling 2.9%.
President Claudia Sheinbaum responded with a retaliatory warning, suggesting Mexico could impose its own tariffs, escalating the risk of economic damage for both nations.
The Canadian dollar fared slightly better, sliding 0.7% but still reaching its lowest level in more than four years.
U.S. Treasury yields ticked higher, reversing some of the sharp declines seen on Monday following President-elect Trump's announcement of Scott Bessent as his pick for Treasury Secretary. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) fell 0.5%, cooling off after Monday's 2.6% rally.
Gold traded flat, remaining near $2,010 per ounce. Oil prices fell 0.8% to $68.30 per barrel, as markets monitored developments around the ceasefire deal between Israel and Hezbollah as the Israeli Security Cabinet meets for the official approval.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose slightly by 0.7%, after logging its worst single-day performance in more than four months on Monday. 
<h3 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>% (1-day)</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,013.26</td>
<td>0.4%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,891.08</td>
<td>0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,656.98</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,426.91</td>
<td>-0.6%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:52 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent112524&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged 0.4% higher to $596.83, eyeing the seventh straight session of gains.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;inched 0.1% lower to $447.10.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.5% up to $508.98.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.4% to $241.28.</li>
<li>The&nbsp;Utilities Sector Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) outperformed, rising 1%. The&nbsp;Materials Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) lagged, down 0.9%.</li>
</ul>
<h3 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h3>
<ul>
<li>Shares of automakers fell after President-elect Donald Trump threatened tariffs on goods <a href="https://www.benzinga.com/news/global/24/11/42196251/general-motors-stellantis-lead-automaker-stock-declines-as-trump-proposes-aggressive-tariffs-on-mexico-canada">imported from Canada and Mexico.</a> Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) were down 2.3%, 8.4% and 5.3%, respectively. For GM this may potentially mark the worst day since August 2021. </li>
<li>Eli Lilly &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) rose 5.4% while Amgen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>) tumbled over 8%, after the latter saw weight-loss drug results coming in below analyst expectations. </li>
<li>Zoom Video Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) fell over 7% in reaction to quarterly earnings. </li>
<li>Other stocks reacting to quarterly results included Semtech Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>), up 18%, Analog Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), down 3%, Agilent Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/A#NYSE">A</a>), down 1.8%, Woodward Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WWD#NASDAQ">WWD</a>), up 6%, Best Buy Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>), down 7%, Dicks Sporting Goods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>), down 0.2%, VinFast Auto Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>), up 1%. </li>
</ul>
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