Q1 Earnings Forecast for Semtech Issued By Northland Capmk

Semtech Co. (NASDAQ:SMTC) – Research analysts at Northland Capmk issued their Q1 2027 earnings per share estimates for Semtech in a report released on Friday, March 14th. Northland Capmk analyst G. Richard anticipates that the semiconductor company will earn $0.28 per share for the quarter. The consensus estimate for Semtech’s current full-year earnings is ($0.02) per share. Northland Capmk also issued estimates for Semtech’s Q2 2027 earnings at $0.39 EPS.

Several other research analysts have also issued reports on SMTC. B. Riley lifted their price target on shares of Semtech from $61.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Stifel Nicolaus decreased their price target on shares of Semtech from $60.00 to $54.00 and set a “buy” rating for the company in a report on Friday. Craig Hallum dropped their price objective on shares of Semtech from $70.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday. Susquehanna lifted their price target on Semtech from $55.00 to $60.00 and gave the company a “positive” rating in a report on Thursday, November 21st. Finally, Northland Securities lifted their target price on shares of Semtech from $60.00 to $66.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Semtech presently has an average rating of “Moderate Buy” and a consensus target price of $61.55.

Semtech Trading Down 0.4 %

Shares of NASDAQ:SMTC opened at $39.43 on Monday. The company has a 50 day moving average of $51.16 and a 200-day moving average of $51.26. The firm has a market cap of $2.98 billion, a P/E ratio of -3.02, a P/E/G ratio of 2.12 and a beta of 1.69. Semtech has a twelve month low of $21.56 and a twelve month high of $79.52.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings data on Thursday, March 13th. The semiconductor company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.08. The company had revenue of $251.00 million for the quarter, compared to the consensus estimate of $249.40 million. During the same quarter in the previous year, the company earned ($0.06) earnings per share. Semtech’s quarterly revenue was up 30.1% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SMTC. Vanguard Group Inc. boosted its holdings in shares of Semtech by 13.0% in the 4th quarter. Vanguard Group Inc. now owns 11,542,545 shares of the semiconductor company’s stock valued at $713,906,000 after purchasing an additional 1,326,226 shares in the last quarter. Hood River Capital Management LLC boosted its stake in Semtech by 1.8% in the fourth quarter. Hood River Capital Management LLC now owns 3,450,042 shares of the semiconductor company’s stock valued at $213,385,000 after buying an additional 59,743 shares in the last quarter. Whale Rock Capital Management LLC grew its position in Semtech by 364.2% in the fourth quarter. Whale Rock Capital Management LLC now owns 3,266,202 shares of the semiconductor company’s stock valued at $202,015,000 after acquiring an additional 2,562,602 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its stake in Semtech by 4.6% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,609,984 shares of the semiconductor company’s stock worth $119,172,000 after acquiring an additional 114,999 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Semtech by 827.0% in the fourth quarter. Wellington Management Group LLP now owns 2,143,081 shares of the semiconductor company’s stock worth $132,550,000 after acquiring an additional 1,911,890 shares during the last quarter.

Insider Buying and Selling at Semtech

In other Semtech news, SVP Imran Sherazi sold 2,946 shares of Semtech stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $63.30, for a total value of $186,481.80. Following the completion of the transaction, the senior vice president now directly owns 6,317 shares of the company’s stock, valued at $399,866.10. The trade was a 31.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark Lin sold 10,890 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $34.68, for a total value of $377,665.20. Following the sale, the chief financial officer now directly owns 11,625 shares in the company, valued at approximately $403,155. This trade represents a 48.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,523 shares of company stock worth $1,070,791 over the last 90 days. Company insiders own 0.60% of the company’s stock.

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.