---
title: "Semtech jumps over 5% on Oppenheimer upgrade to Outperform"
description: "Semtech shares rose 5.5% after Oppenheimer upgraded the semiconductor firm to Outperform, setting a price target of $81. The upgrade is driven by expected growth in Active Copper Cable adoption and st"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/259565278.md"
published_at: "2025-09-30T14:34:11.000Z"
---

# Semtech jumps over 5% on Oppenheimer upgrade to Outperform

> Semtech shares rose 5.5% after Oppenheimer upgraded the semiconductor firm to Outperform, setting a price target of $81. The upgrade is driven by expected growth in Active Copper Cable adoption and strong demand for LoRa technology, which is projected to sustain over 20% growth. Despite a Hold rating from Seeking Alpha, analysts remain bullish on the stock, which has seen a slight increase of 0.21% this year, lagging behind the S&P Index's 13% gain.

Semtech (NASDAQ:SMTC) shares jumped nearly 5.5% during early trading hours on Tuesday as Oppenheimer upgraded the semiconductor firm to Outperform from Perform. Oppenheimer set a price target of $81, stating that Active Copper Cable (ACC) adoption to accelerate beginning in F4Q. “We estimate SMTC ACC share 70-80% and see it as a top driver of growt...

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## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Versor Investments LP Purchases New Position in Semtech Corporation $SMTC | Versor Investments LP has acquired a new stake in Semtech Corporation (NASDAQ:SMTC), purchasing 11,448 shares valued at  | [Link](https://longbridge.com/en/news/275601865.md) |
| Allspring Global Investments Holdings LLC Acquires New Shares in Semtech Corporation $SMTC | Allspring Global Investments Holdings LLC acquired 127,795 shares of Semtech Corporation (NASDAQ:SMTC) valued at approxi | [Link](https://longbridge.com/en/news/271620808.md) |
| Has this back-from-the-dead semiconductor stock really gotten its mojo back? | Bulls are more optimistic than ever, but there's a lot of skepticism. | [Link](https://longbridge.com/en/news/275985722.md) |
| Shanghai Iluvatar CoreX Semiconductor CFO Exits; Successor Named | Shanghai Iluvatar CoreX Semiconductor CFO Exits; Successor Named | [Link](https://longbridge.com/en/news/275893717.md) |
| Inspire Investing LLC Has $627,000 Holdings in Semtech Corporation $SMTC | Inspire Investing LLC reduced its stake in Semtech Corporation by 72.3% in Q3, now holding 8,775 shares worth $627,000.  | [Link](https://longbridge.com/en/news/270891575.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.