Equities Analysts Set Expectations for Semtech Q2 Earnings

Semtech Co. (NASDAQ:SMTC - Free Report) - Research analysts at Northland Capmk increased their Q2 2026 earnings estimates for shares of Semtech in a report released on Wednesday, May 28th. Northland Capmk analyst G. Richard now anticipates that the semiconductor company will post earnings per share of $0.32 for the quarter, up from their previous forecast of $0.26. The consensus estimate for Semtech's current full-year earnings is ($0.02) per share. Northland Capmk also issued estimates for Semtech's Q3 2026 earnings at $0.33 EPS, Q4 2026 earnings at $0.34 EPS, FY2026 earnings at $1.31 EPS, Q1 2027 earnings at $0.30 EPS, Q2 2027 earnings at $0.37 EPS, Q3 2027 earnings at $0.47 EPS, Q4 2027 earnings at $0.57 EPS and FY2027 earnings at $1.70 EPS.

SMTC has been the topic of several other research reports. Robert W. Baird dropped their target price on shares of Semtech from $80.00 to $60.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. UBS Group dropped their price objective on Semtech from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Piper Sandler restated an "overweight" rating and set a $55.00 price target (down from $75.00) on shares of Semtech in a report on Monday, February 10th. Morgan Stanley set a $43.00 price objective on shares of Semtech in a research note on Wednesday, May 28th. Finally, Stifel Nicolaus increased their target price 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. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Semtech has a consensus rating of "Moderate Buy" and an average price target of $58.58.

Semtech Stock Performance

Shares of NASDAQ SMTC traded down $0.23 during midday trading on Monday, reaching $38.13. The stock had a trading volume of 110,893 shares, compared to its average volume of 2,180,823. The company's 50 day moving average price is $32.95 and its 200 day moving average price is $46.82. Semtech has a twelve month low of $24.05 and a twelve month high of $79.52. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of -2.91, a price-to-earnings-growth ratio of 2.12 and a beta of 1.88.

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 for the quarter, topping the consensus estimate of $0.32 by $0.08. The firm had revenue of $251.00 million for the quarter, compared to the consensus estimate of $249.40 million. The business's revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.06) earnings per share.

Insider Buying and Selling at Semtech

In other Semtech news, CFO Mark Lin sold 2,907 shares of Semtech stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $37.71, for a total transaction of $109,622.97. Following the transaction, the chief financial officer now owns 13,481 shares of the company's stock, valued at $508,368.51. This trade represents a 17.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.60% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SMTC. Principal Financial Group Inc. boosted its holdings 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 buying an additional 56,108 shares during the last quarter. Rhumbline Advisers grew its position in shares of Semtech by 6.1% during the 4th quarter. Rhumbline Advisers now owns 205,363 shares of the semiconductor company's stock valued at $12,702,000 after acquiring an additional 11,878 shares during the period. Convergence Investment Partners LLC purchased a new stake in shares of Semtech during the 4th quarter worth approximately $2,680,000. Stephens Inc. AR purchased a new stake in shares of Semtech during the 4th quarter worth approximately $889,000. Finally, Essential Planning LLC. bought a new stake in shares of Semtech in the 4th quarter worth approximately $1,069,000.

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.