Research Analysts Set Expectations for Semtech Q4 Earnings

Key Points

• Equities research analysts at Roth Capital have reduced their Q4 2026 earnings per share estimate for Semtech from $0.36 to $0.32, while the full-year consensus is expected to be (0.02) EPS.
• Semtech's last quarterly earnings report showed a 21.8% year-over-year revenue increase, with a reported $0.31 EPS, outperforming analysts' expectations of $0.21.
• Multiple analysts have adjusted their price targets for Semtech, with an average rating of "Moderate Buy" and an average price target of $60.42.

Semtech Corporation (NASDAQ:SMTC - Free Report) - Equities research analysts at Roth Capital reduced their Q4 2026 earnings per share estimates for shares of Semtech in a research report issued on Monday, August 25th. Roth Capital analyst S. Searle now anticipates that the semiconductor company will post earnings per share of $0.32 for the quarter, down from their prior estimate of $0.36. The consensus estimate for Semtech's current full-year earnings is ($0.02) per share.

Semtech (NASDAQ:SMTC - Get Free Report) last issued its quarterly earnings results on Tuesday, May 27th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.10. The firm had revenue of $251.10 million during the quarter, compared to analyst estimates of $249.79 million. Semtech had a return on equity of 21.52% and a net margin of 2.38%.The firm's quarterly revenue was up 21.8% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS.

A number of other equities analysts have also issued reports on the company. UBS Group decreased their price target on Semtech from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Benchmark reaffirmed a "buy" rating and set a $68.00 price target on shares of Semtech in a research note on Tuesday. Northland Securities increased their price target on Semtech from $48.00 to $53.00 and gave the company an "outperform" rating in a research note on Tuesday. Morgan Stanley set a $43.00 price target on Semtech in a research note on Wednesday, May 28th. Finally, Stifel Nicolaus increased their price target on Semtech from $45.00 to $54.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $60.42.

Semtech Stock Performance

Shares of NASDAQ SMTC opened at $58.72 on Wednesday. The stock has a fifty day moving average price of $48.83 and a two-hundred day moving average price of $39.91. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.81 and a current ratio of 2.53. The firm has a market cap of $5.09 billion, a P/E ratio of 244.67 and a beta of 1.94. Semtech has a 1 year low of $24.05 and a 1 year high of $79.52.

Insider Buying and Selling at Semtech

In other news, COO Asaf Silberstein sold 2,000 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $42.98, for a total transaction of $85,960.00. Following the completion of the sale, the chief operating officer directly owned 105,996 shares of the company's stock, valued at $4,555,708.08. This trade represents a 1.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mark Lin sold 999 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $43.84, for a total value of $43,796.16. Following the sale, the chief financial officer directly owned 17,211 shares of the company's stock, valued at approximately $754,530.24. This represents a 5.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.48% of the company's stock.

Institutional Trading of Semtech

A number of hedge funds have recently modified their holdings of the business. Archer Investment Corp lifted its holdings in shares of Semtech by 10.8% in the second quarter. Archer Investment Corp now owns 2,050 shares of the semiconductor company's stock valued at $93,000 after purchasing an additional 200 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Semtech by 0.9% in the second quarter. Amalgamated Bank now owns 24,229 shares of the semiconductor company's stock valued at $1,094,000 after purchasing an additional 214 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Semtech by 24.1% in the second quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the semiconductor company's stock valued at $57,000 after purchasing an additional 247 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Semtech by 78.4% in the second quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 287 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Semtech by 2.9% in the second quarter. Geneos Wealth Management Inc. now owns 11,253 shares of the semiconductor company's stock valued at $508,000 after purchasing an additional 319 shares in the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.