Wall Street analysts expect Semtech Corporation (NASDAQ:SMTC) to post $0.49 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Semtech Corporation’s earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.50. Semtech Corporation reported earnings of $0.37 per share during the same quarter last year, which would indicate a positive year over year growth rate of 32.4%. The business is expected to issue its next earnings report after the market closes on Wednesday, November 29th.

According to Zacks, analysts expect that Semtech Corporation will report full year earnings of $1.87 per share for the current financial year, with EPS estimates ranging from $1.83 to $1.90. For the next fiscal year, analysts expect that the firm will report earnings of $2.27 per share, with EPS estimates ranging from $2.18 to $2.44. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Semtech Corporation.

Semtech Corporation (NASDAQ:SMTC) last announced its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $153.10 million for the quarter, compared to analysts’ expectations of $154.91 million. Semtech Corporation had a return on equity of 11.77% and a net margin of 11.00%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS.

A number of equities analysts have issued reports on the company. B. Riley reaffirmed a “buy” rating and set a $48.00 price target on shares of Semtech Corporation in a research note on Thursday, August 24th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $42.00 price objective on shares of Semtech Corporation in a research note on Sunday, August 27th. Drexel Hamilton reissued a “buy” rating and set a $45.00 price objective on shares of Semtech Corporation in a research note on Thursday, August 31st. Royal Bank Of Canada reissued a “hold” rating and set a $39.00 price objective on shares of Semtech Corporation in a research note on Tuesday, October 3rd. Finally, BidaskClub lowered Semtech Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $44.29.

In other Semtech Corporation news, EVP Charles B. Ammann sold 2,250 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $37.56, for a total transaction of $84,510.00. Following the completion of the transaction, the executive vice president now owns 14,905 shares in the company, valued at $559,831.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Asaf Silberstein sold 2,500 shares of the firm’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $37.78, for a total transaction of $94,450.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,370 shares of company stock worth $2,636,446. 2.20% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the company. Sterling Capital Management LLC raised its stake in shares of Semtech Corporation by 85.9% in the third quarter. Sterling Capital Management LLC now owns 75,770 shares of the semiconductor company’s stock valued at $2,845,000 after acquiring an additional 35,005 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Semtech Corporation by 6.4% in the third quarter. California Public Employees Retirement System now owns 147,572 shares of the semiconductor company’s stock valued at $5,541,000 after acquiring an additional 8,872 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Semtech Corporation by 153.7% in the third quarter. Cubist Systematic Strategies LLC now owns 27,651 shares of the semiconductor company’s stock valued at $1,038,000 after acquiring an additional 16,750 shares during the last quarter. Highbridge Capital Management LLC raised its stake in shares of Semtech Corporation by 732.5% in the third quarter. Highbridge Capital Management LLC now owns 54,397 shares of the semiconductor company’s stock valued at $2,043,000 after acquiring an additional 62,997 shares during the last quarter. Finally, PEAK6 Investments L.P. bought a new position in shares of Semtech Corporation in the third quarter valued at approximately $375,000. Institutional investors own 93.91% of the company’s stock.

Shares of Semtech Corporation (NASDAQ:SMTC) traded up $1.50 during mid-day trading on Friday, reaching $40.50. The company had a trading volume of 522,500 shares, compared to its average volume of 465,755. Semtech Corporation has a 1-year low of $27.55 and a 1-year high of $41.95. The company has a market cap of $2,581.75, a price-to-earnings ratio of 35.46, a price-to-earnings-growth ratio of 6.34 and a beta of 1.48. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.42 and a quick ratio of 2.83.

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About Semtech Corporation

Semtech Corporation is a supplier of analog and mixed-signal semiconductor products. The Company designs, develops and markets a range of products for commercial applications, which are sold into the enterprise computing, communications, consumer and industrial end-markets. Its product lines include Signal Integrity, Protection, Wireless and Sensing, and Power and High-Reliability.

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