RankAlpha logo
Back to Rankings

SMTC

SemtechA
Nasdaq / Semiconductors & Semiconductor Equipment
Last Price
At close
2026-06-02
View Chart
Current thesis
Semtech delivered a beat-and-raise quarter with record sales, higher margins, and explicit commentary that data-center growth should accelerate as 1.6T FiberEdge/CopperEdge revenue layers in. The cleanest bullish read is that Q2 guidance and backlog commentary support sustained operating leverage rather than a one-quarter rebound.
Posture
Constructive
Lead driver
Momentum
What changed
3 setup hits (3d) with net bullish as of 2026-06-02.
What can break
Balance-sheet flexibility is still worth watching: the Q1 balance sheet shows $163.3M of cash and cash equivalents against $503.0M of total debt [#10-Q-2026-05-27].
Momentum
89
Value
51
Sentiment
60
Setup hits (3d)
3 · Net Bullish
AI TargetsBase $185.00 · Bull $225.00 · Bear $140.00
Data freshness
Prices
As of 2026-06-02
Fundamentals
As of 2026-06-01 • Vendor: Data Vendor v1
Scores
As of 2026-06-02 • Model: HYBRID_IC_RP
AI Memo
As of 2026-05-29 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-06-02
Supporting evidence
What
Grade A · Constructive
Confidence Medium · Net Bullish
Target $91.92
Why
Momentum89 · Δ7d +0.2
Value51 · Δ7d +0.2
Sentiment60 · Δ7d +75.1
So what
Strength-led posture (Net Bullish). Favor watchlist adds and disciplined entries.
Lead driver: Momentum · See technicals
Momentum
89
34% active weight
Current posture
7d trendImproving
Δ7d
+0.2
Δ21d
+3.7
Value
51
32% active weight
Current posture
7d trendFlat
Δ7d
+0.2
Δ21d
-0.9
Sentiment
60
33% active weight
Current posture
7d trendImproving
Δ7d
+75.1
Δ21d
+71.7
Why this grade

Composite grade A. Momentum 89.5 / Value 51.2 / Sentiment 60.0

Fundamentals (TTM)
As of 2026-06-01
Market Cap
$13.93B
Beta
2.02
Shares Out
92.54M
P/E (TTM)
210.7
P/S (TTM)
6.70
P/FCF (TTM)
50.07
Rev YoY
+12.7%
EPS YoY
+67.6%
Gross Margin
+52.1%
Op Margin
+5.0%
Net Debt
$387.07M
Current Ratio
2.43
As of 2026-06-02 • Updated nightlySource: Internal modelMethodology