Semtech Co. (NASDAQ:SMTC - Free Report) - Equities research analysts at B. Riley issued their Q1 2027 earnings per share (EPS) estimates for shares of Semtech in a report issued on Monday, May 19th. B. Riley analyst C. Ellis forecasts that the semiconductor company will earn $0.19 per share for the quarter. The consensus estimate for Semtech's current full-year earnings is ($0.02) per share. B. Riley also issued estimates for Semtech's Q2 2027 earnings at $0.24 EPS, Q3 2027 earnings at $0.37 EPS, Q4 2027 earnings at $0.35 EPS and FY2027 earnings at $1.15 EPS.
Semtech (NASDAQ:SMTC - Get Free Report) last released 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 company had revenue of $251.00 million during the quarter, compared to the consensus estimate of $249.40 million. During the same period in the previous year, the firm posted ($0.06) EPS. Semtech's revenue for the quarter was up 30.1% on a year-over-year basis.
SMTC has been the subject of a number of other reports. Needham & Company LLC reiterated a "buy" rating and issued a $54.00 price target on shares of Semtech in a report on Friday, March 14th. Piper Sandler reaffirmed an "overweight" rating and issued a $55.00 price objective (down previously from $75.00) on shares of Semtech in a report on Monday, February 10th. UBS Group dropped their target price on shares of Semtech from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Stifel Nicolaus reduced their price target on shares of Semtech from $54.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Benchmark lowered their price objective on shares of Semtech from $82.00 to $68.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $56.92.
View Our Latest Analysis on SMTC
Semtech Stock Down 2.0%
Shares of NASDAQ SMTC opened at $39.35 on Wednesday. The stock's 50 day moving average price is $33.30 and its two-hundred day moving average price is $47.62. Semtech has a 52-week low of $24.05 and a 52-week high of $79.52. The stock has a market capitalization of $3.41 billion, a P/E ratio of -3.02, a PEG ratio of 2.12 and a beta of 1.88.
Hedge Funds Weigh In On Semtech
A number of institutional investors and hedge funds have recently bought and sold shares of SMTC. Principal Financial Group Inc. lifted its stake in shares of Semtech by 15.8% in the 4th quarter. Principal Financial Group Inc. now owns 410,613 shares of the semiconductor company's stock worth $25,396,000 after acquiring an additional 56,108 shares during the period. Rhumbline Advisers raised its holdings in Semtech by 6.1% during the fourth quarter. Rhumbline Advisers now owns 205,363 shares of the semiconductor company's stock worth $12,702,000 after purchasing an additional 11,878 shares in the last quarter. Convergence Investment Partners LLC bought a new stake in Semtech during the fourth quarter worth approximately $2,680,000. Stephens Inc. AR acquired a new stake in Semtech in the fourth quarter worth approximately $889,000. Finally, Essential Planning LLC. bought a new position in Semtech during the 4th quarter valued at $1,069,000.
Insider Activity
In other news, CFO Mark Lin sold 2,907 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $37.71, for a total transaction of $109,622.97. Following the transaction, the chief financial officer now directly owns 13,481 shares of the company's stock, valued at approximately $508,368.51. This trade represents a 17.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.60% of the company's stock.
Semtech Company Profile
(
Get Free Report)
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.
Further Reading
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