Semtech plans to more than double its data center revenue by financial years 2028 and 2029, driven by growing AI infrastructure spending. Baird reaffirmed an 'outperform' rating and $300 price target, citing strong bookings and demand for copper, fiber, and optical connectivity solutions. Semtech's advanced products like the CopperEdge redriver and FiberEdge photonics are key to reducing power use and boosting speeds in data centers. The company targets $3.2 billion total revenue by 2030, with data center revenue reaching $2.1 billion and high profit margins, supported by growth in optical connectivity and IoT markets.
Semtech's stock is trading at USD 140.90 on Pluang, down 2.30% in the past day. The company holds a market cap of $13.46 billion as of Oct 16, 2026 22:41 WIB.
Halper Sadeh LLC is investigating whether certain officers and directors of Semtech Corporation breached their fiduciary duties to shareholders. Long-term Semtech stockholders may seek corporate governance reforms, financial incentives, or other reli...
Tower Semiconductor and Semtech have expanded their 20-year partnership with a multi-year agreement to secure dedicated silicon germanium (SiGe) manufacturing capacity across Tower's global fabs. This move supports Semtech's growing demand for power-...
