SMTC
SemtechBNasdaq / Semiconductors & Semiconductor Equipment
Last Price
At close
2026-07-18
Current thesis
The bull case remains that the May 26 company release materially improved the near-term earnings base: record revenue, expanding non-GAAP operating margin, guide-up Q2 revenue and EPS, and management commentary pointing to accelerating data-center growth as FiberEdge and CopperEdge 1.6T revenues scale. The July 6 refinancing further reduces balance-sheet friction.
Posture
Constructive
Lead driver
Sentiment
What changed
Sentiment remains the lead driver in the composite, 7D delta +9.5.
What can break
Forward-looking statements in the May 26 earnings release explicitly flag cyclicality, AI-related demand concentration, supplier capacity constraints, export and tariff risks, customer concentration, and execution risk around product development and end-market transitions. [#SEC-8K-2026-05-26]
Momentum
63
Value
50
Sentiment
67
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $182.00 · Bull $210.00 · Bear $108.00
Data freshness
Prices
As of 2026-07-18
Fundamentals
As of 2026-07-17 • Vendor: Data Vendor v1
Scores
As of 2026-07-18 • Model: HYBRID_IC_RP
AI Memo
As of 2026-07-11 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-07-18
Investment thesis
As of 2026-07-18
Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Neutral
Target $198.69
Why
Momentum63 · Δ7d -4.0
Value50 · Δ7d -0.7
Sentiment67 · Δ7d +9.5
So what
Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.
Lead driver: Sentiment · See AI snapshot
Momentum
63
26% active weight
Current posture
7d trendImproving
Δ7d
-4.0
Δ21d
-14.8
Value
50
39% active weight
Current posture
7d trendFlat
Δ7d
-0.7
Δ21d
+0.2
Sentiment
67
34% active weight
Current posture
7d trendImproving
Δ7d
+9.5
Δ21d
+26.3
Why this grade
Composite grade B. Momentum 63.0 / Value 50.5 / Sentiment 66.7
Fundamentals (TTM)As of 2026-07-17
Fundamentals (TTM)
As of 2026-07-17
Market Cap
$11.64B
Beta
2.02
Shares Out
93.15M
P/E (TTM)
210.7
P/S (TTM)
6.70
P/FCF (TTM)
50.07
Rev YoY
+15.9%
EPS YoY
+25.5%
Gross Margin
+51.5%
Op Margin
+5.0%
Net Debt
$327.23M
Current Ratio
2.37
As of 2026-07-18 • Updated nightlySource: Internal modelMethodology