Research Analysts Offer Predictions for Semtech Q1 Earnings

Semtech Co. (NASDAQ:SMTC) – Northland Capmk issued their Q1 2027 earnings per share estimates for shares of Semtech in a research report issued to clients and investors on Friday, March 14th. Northland Capmk analyst G. Richard forecasts that the semiconductor company will post earnings per share of $0.28 for the quarter. The consensus estimate for Semtech’s current full-year earnings is ($0.02) per share. Northland Capmk also issued estimates for Semtech’s Q2 2027 earnings at $0.39 EPS.

A number of other research firms also recently issued reports on SMTC. B. Riley raised their price target on Semtech from $61.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Northland Securities raised their price target on Semtech from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Craig Hallum dropped their price target on Semtech from $70.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. UBS Group dropped their price target on Semtech from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Finally, Needham & Company LLC restated a “buy” rating and set a $54.00 price target on shares of Semtech in a research note on Friday, March 14th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.55.

Semtech Stock Down 2.0 %

NASDAQ:SMTC opened at $38.65 on Monday. The stock’s 50 day moving average price is $50.63 and its 200 day moving average price is $51.22. The company has a market capitalization of $2.93 billion, a PE ratio of -2.96, a P/E/G ratio of 2.12 and a beta of 1.69. Semtech has a 52-week low of $21.56 and a 52-week high of $79.52.

Semtech (NASDAQ:SMTC) last issued its earnings results on Thursday, March 13th. The semiconductor company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.08. The business had revenue of $251.00 million for the quarter, compared to analyst estimates of $249.40 million. During the same period last year, the business posted ($0.06) EPS. Semtech’s revenue was up 30.1% on a year-over-year basis.

Insider Buying and Selling at Semtech

In related news, CFO Mark Lin sold 10,890 shares of Semtech stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $34.68, for a total value of $377,665.20. Following the sale, the chief financial officer now directly owns 11,625 shares in the company, valued at $403,155. The trade was a 48.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Imran Sherazi sold 1,338 shares of Semtech stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $75.00, for a total value of $100,350.00. Following the completion of the sale, the senior vice president now owns 14 shares in the company, valued at approximately $1,050. This trade represents a 98.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,523 shares of company stock worth $1,070,791. 0.60% of the stock is currently owned by insiders.

Institutional Trading of Semtech

A number of institutional investors have recently modified their holdings of SMTC. Whale Rock Capital Management LLC boosted its stake in shares of Semtech by 364.2% in the fourth quarter. Whale Rock Capital Management LLC now owns 3,266,202 shares of the semiconductor company’s stock valued at $202,015,000 after buying an additional 2,562,602 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Semtech by 827.0% in the fourth quarter. Wellington Management Group LLP now owns 2,143,081 shares of the semiconductor company’s stock valued at $132,550,000 after buying an additional 1,911,890 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Semtech by 13.0% in the fourth quarter. Vanguard Group Inc. now owns 11,542,545 shares of the semiconductor company’s stock valued at $713,906,000 after buying an additional 1,326,226 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in Semtech during the fourth quarter worth $51,315,000. Finally, Fred Alger Management LLC raised its holdings in Semtech by 122.6% during the fourth quarter. Fred Alger Management LLC now owns 1,491,844 shares of the semiconductor company’s stock worth $92,271,000 after purchasing an additional 821,671 shares during the last quarter.

Semtech Company Profile

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.