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Semtech (SMTC, Semiconductors) Stock Valuation & Fair Value Significantly overvalued

Semtech (SMTC, Semiconductors) trades at a blended P/E of 67.9, about 155% above its historical normal valuation, with a forward growth estimate of 48.5% and a PEG of 1.40. Analysts' one-year estimates have been hit 27% of the time. Priced at its historical normal P/E of 26.6 on the same blended earnings, the 2026-10-02 close of $194.88 corresponds to about $76.30 a share. This is a valuation reference, not a price target.

DATA AS OF 2026-10-05
Blended P/E
67.9
Normal P/E
26.6
PEG
1.40
Fwd growth
48.5%
Div yield
0.0%
RSI (14)
59.2
Neutral
Technical context
  • Price $187.49 at the 2026-10-08 close, 5.3% above the 20-day average ($177.99) and 23.2% above the 50-day ($152.14).
  • RSI (14) at 59.2.
  • 52-week range $62.57 to $197.20: the price is 4.9% below the high and 199.6% above the low.

The Street vs SeerForecast

Wall Street's mean price target for SMTC is $210.33 across 15 analysts, 12.2% above the current price. The average analyst rating is Strong Buy. Our SeerForecast read of the same stock, formed without analyst targets: significantly overvalued. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating has been significantly overvalued since 2026-08-21.

Blended P/E and rating by weekBlended P/E moved from 56.2 to 67.9 between 2026-08-21 and 2026-10-02, against a normal P/E of 26.6, with 0 rating changes over 16 recorded weeks.2026-08-21: P/E 56.2, Significantly overvalued, recalculated for the week of 2026-08-212026-08-21: P/E 55.8, Significantly overvalued, recorded live 2026-08-242026-08-27: P/E 55.8, Significantly overvalued, recalculated for the week of 2026-08-272026-08-28: P/E 55.8, Significantly overvalued, recalculated for the week of 2026-08-282026-08-28: P/E 55.8, Significantly overvalued, recalculated for the week of 2026-08-302026-08-28: P/E 48.6, Significantly overvalued, recorded live 2026-08-312026-09-04: P/E 48.6, Significantly overvalued, recalculated for the week of 2026-09-052026-09-04: P/E 54.1, Significantly overvalued, recorded live 2026-09-072026-09-11: P/E 54.1, Significantly overvalued, recalculated for the week of 2026-09-122026-09-11: P/E 60.4, Significantly overvalued, recorded live 2026-09-142026-09-18: P/E 60.4, Significantly overvalued, recalculated for the week of 2026-09-192026-09-18: P/E 66.1, Significantly overvalued, recorded live 2026-09-212026-09-25: P/E 66.1, Significantly overvalued, recalculated for the week of 2026-09-262026-09-25: P/E 64.3, Significantly overvalued, recorded live 2026-09-282026-10-02: P/E 64.3, Significantly overvalued, recalculated for the week of 2026-10-032026-10-02: P/E 67.9, Significantly overvalued, recorded live 2026-10-0540.060.0Aug 21Aug 31Sep 11Sep 22Oct 2Normal P/E 26.6
Significantly overvalued

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

Selected weeks: the first, the latest, and the cheapest and dearest.

WeekBlended P/EPremium to normal P/ERating
2026-08-21P/E 56.2+111%Significantly overvalued (recalculated)
2026-08-31P/E 48.6+83%Significantly overvalued
2026-10-05P/E 67.9+155%Significantly overvalued ← now
Show all 16 weeks
WeekBlended P/EPremium to normal P/ERating
2026-08-21P/E 56.2+111%Significantly overvalued (recalculated)
2026-08-24P/E 55.8+110%Significantly overvalued
2026-08-27P/E 55.8+110%Significantly overvalued (recalculated)
2026-08-28P/E 55.8+110%Significantly overvalued (recalculated)
2026-08-30P/E 55.8+110%Significantly overvalued (recalculated)
2026-08-31P/E 48.6+83%Significantly overvalued
2026-09-05P/E 48.6+83%Significantly overvalued (recalculated)
2026-09-07P/E 54.1+103%Significantly overvalued
2026-09-12P/E 54.1+103%Significantly overvalued (recalculated)
2026-09-14P/E 60.4+127%Significantly overvalued
2026-09-19P/E 60.4+127%Significantly overvalued (recalculated)
2026-09-21P/E 66.1+148%Significantly overvalued
2026-09-26P/E 66.1+148%Significantly overvalued (recalculated)
2026-09-28P/E 64.3+142%Significantly overvalued
2026-10-03P/E 64.3+142%Significantly overvalued (recalculated)
2026-10-05P/E 67.9+155%Significantly overvalued ← now

Frequently asked questions

Is Semtech stock overvalued?

At a blended P/E of 67.9 versus its historical normal P/E of 26.6, Semtech trades about 155% above its typical valuation, with a PEG of 1.40 on 48.5% forward growth. tickerseer currently rates it significantly overvalued.

What is Semtech's fair value and PEG?

Semtech trades at a blended P/E of 67.9 against a historical normal P/E of 26.6, a PEG of 1.40, and a forward growth estimate of 48.5%. Priced at its historical normal P/E of 26.6 on the same blended earnings, the 2026-10-02 close of $194.88 corresponds to about $76.30 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Semtech changed?

tickerseer's rating has been significantly overvalued since 2026-08-21.

What is the analyst price target for Semtech?

The mean Wall Street price target for Semtech is $210.33 across 15 analysts, 12.2% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Semiconductors. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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