B. Riley Predicts Semtech's Q2 Earnings (NASDAQ:SMTC)

Semtech Co. (NASDAQ:SMTC - Free Report) - B. Riley lifted their Q2 2026 EPS estimates for shares of Semtech in a research note issued on Wednesday, May 28th. B. Riley analyst C. Ellis now forecasts that the semiconductor company will post earnings of $0.26 per share for the quarter, up from their prior estimate of $0.22. The consensus estimate for Semtech's current full-year earnings is ($0.02) per share. B. Riley also issued estimates for Semtech's Q3 2026 earnings at $0.29 EPS, Q4 2026 earnings at $0.29 EPS, FY2026 earnings at $1.16 EPS, Q1 2027 earnings at $0.25 EPS, Q2 2027 earnings at $0.30 EPS, Q3 2027 earnings at $0.45 EPS, Q4 2027 earnings at $0.43 EPS and FY2027 earnings at $1.42 EPS.

Several other equities research analysts have also issued reports on SMTC. Robert W. Baird lowered their price objective on Semtech from $80.00 to $60.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. UBS Group lowered their price target on Semtech from $60.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Stifel Nicolaus lifted their price objective on shares of Semtech from $35.00 to $42.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Craig Hallum cut their price objective on shares of Semtech from $70.00 to $55.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. Finally, Benchmark restated a "buy" rating and issued a $68.00 target price on shares of Semtech in a report on Wednesday, May 28th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Semtech currently has an average rating of "Moderate Buy" and an average price target of $58.58.

Semtech Trading Up 1.5%

Shares of NASDAQ:SMTC traded up $0.59 during trading on Monday, reaching $38.70. The company's stock had a trading volume of 888,438 shares, compared to its average volume of 2,184,920. The stock has a market capitalization of $3.35 billion, a PE ratio of -2.97, a price-to-earnings-growth ratio of 2.12 and a beta of 1.88. Semtech has a 12 month low of $24.05 and a 12 month high of $79.52. The firm's 50 day simple moving average is $32.88 and its two-hundred day simple moving average is $46.88.

Semtech (NASDAQ:SMTC - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.08. The business had revenue of $251.00 million for the quarter, compared to analysts' expectations of $249.40 million. During the same period in the previous year, the company earned ($0.06) EPS. Semtech's revenue for the quarter was up 30.1% compared to the same quarter last year.

Insider Buying and Selling at Semtech

In other Semtech news, CFO Mark Lin sold 10,890 shares of Semtech stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $34.68, for a total value of $377,665.20. Following the transaction, the chief financial officer now directly owns 11,625 shares of the company's stock, valued at approximately $403,155. The trade was a 48.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.60% of the company's stock.

Hedge Funds Weigh In On Semtech

Several hedge funds have recently made changes to their positions in the company. Rhumbline Advisers boosted its holdings in shares of Semtech by 3.5% in the 1st quarter. Rhumbline Advisers now owns 212,584 shares of the semiconductor company's stock valued at $7,313,000 after acquiring an additional 7,221 shares during the last quarter. Strs Ohio purchased a new position in shares of Semtech during the 1st quarter valued at about $65,000. Geneos Wealth Management Inc. purchased a new position in shares of Semtech during the 1st quarter valued at about $376,000. Intech Investment Management LLC lifted its holdings in shares of Semtech by 72.6% in the 1st quarter. Intech Investment Management LLC now owns 68,497 shares of the semiconductor company's stock valued at $2,356,000 after buying an additional 28,812 shares during the period. Finally, Bayforest Capital Ltd grew its holdings in Semtech by 149.7% during the first quarter. Bayforest Capital Ltd now owns 12,613 shares of the semiconductor company's stock worth $434,000 after acquiring an additional 7,562 shares during the period.

About Semtech

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.