Northland Capmk Equities Analysts Cut Earnings Estimates for Semtech Co. (NASDAQ:SMTC)

Semtech Co. (NASDAQ:SMTC - Free Report) - Research analysts at Northland Capmk decreased their Q1 2025 earnings estimates for Semtech in a research report issued on Monday, April 1st. Northland Capmk analyst G. Richard now forecasts that the semiconductor company will post earnings of ($0.16) per share for the quarter, down from their prior forecast of ($0.13). The consensus estimate for Semtech's current full-year earnings is $0.11 per share. Northland Capmk also issued estimates for Semtech's Q3 2025 earnings at $0.05 EPS, Q4 2025 earnings at $0.11 EPS, FY2025 earnings at ($0.04) EPS, Q1 2026 earnings at $0.08 EPS and FY2026 earnings at $0.90 EPS.

A number of other analysts have also recently commented on SMTC. Stifel Nicolaus boosted their price objective on Semtech from $26.00 to $31.00 and gave the company a "buy" rating in a research report on Monday. Roth Mkm dropped their target price on shares of Semtech from $46.00 to $42.00 and set a "buy" rating on the stock in a research report on Thursday, December 7th. Piper Sandler reiterated an "overweight" rating and issued a $40.00 target price (up previously from $30.00) on shares of Semtech in a research report on Monday. Robert W. Baird raised their target price on Semtech from $40.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Northland Securities increased their target price on shares of Semtech from $30.00 to $36.50 and gave the company an "outperform" rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $39.35.

Semtech Stock Performance

Semtech stock traded up $1.58 during mid-day trading on Thursday, hitting $33.06. The company had a trading volume of 7,725,522 shares, compared to its average volume of 1,622,557. The company has a current ratio of 2.46, a quick ratio of 1.72 and a debt-to-equity ratio of 4.11. Semtech has a 12-month low of $13.13 and a 12-month high of $35.29. The company's fifty day moving average is $22.21 and its 200-day moving average is $20.57. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of -1.97, a P/E/G ratio of 12.33 and a beta of 1.85.

Hedge Funds Weigh In On Semtech

Several institutional investors and hedge funds have recently added to or reduced their stakes in SMTC. Guggenheim Capital LLC lifted its position in Semtech by 58.5% in the 2nd quarter. Guggenheim Capital LLC now owns 26,520 shares of the semiconductor company's stock worth $675,000 after buying an additional 9,792 shares in the last quarter. Farther Finance Advisors LLC increased its position in Semtech by 50.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 4,500 shares of the semiconductor company's stock worth $115,000 after purchasing an additional 1,500 shares during the last quarter. Legato Capital Management LLC acquired a new position in Semtech in the 4th quarter worth about $201,000. Fuller & Thaler Asset Management Inc. increased its position in Semtech by 8.8% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 552,115 shares of the semiconductor company's stock worth $14,217,000 after purchasing an additional 44,512 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in Semtech by 76.7% in the 3rd quarter. New York State Common Retirement Fund now owns 468,166 shares of the semiconductor company's stock worth $12,055,000 after purchasing an additional 203,182 shares during the last quarter.

Semtech Company Profile

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products 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.