Q1 Earnings Forecast for Semtech Issued By B. Riley

Semtech Co. (NASDAQ:SMTC) – Research analysts at B. Riley issued their Q1 2027 earnings estimates for shares of Semtech in a research report issued on Monday, May 19th. B. Riley analyst C. Ellis anticipates that the semiconductor company will post earnings of $0.19 per share for the quarter. The consensus estimate for Semtech’s current full-year earnings is ($0.02) per share. B. Riley also issued estimates for Semtech’s Q2 2027 earnings at $0.24 EPS, Q3 2027 earnings at $0.37 EPS, Q4 2027 earnings at $0.35 EPS and FY2027 earnings at $1.15 EPS.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings data on Thursday, March 13th. The semiconductor company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08. The company had revenue of $251.00 million for the quarter, compared to analysts’ expectations of $249.40 million. During the same period in the previous year, the firm posted ($0.06) earnings per share. The business’s revenue for the quarter was up 30.1% on a year-over-year basis.

Several other equities research analysts have also recently commented on the company. Stifel Nicolaus lowered their price target on Semtech from $54.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Benchmark reduced their target price on shares of Semtech from $82.00 to $68.00 and set a “buy” rating for the company in a research note on Friday, March 14th. UBS Group decreased their target price on shares of Semtech from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, May 5th. Needham & Company LLC restated a “buy” rating and set a $54.00 price target on shares of Semtech in a report on Friday, March 14th. Finally, Robert W. Baird reduced their price objective on shares of Semtech from $80.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $56.92.

Semtech Trading Down 2.0%

NASDAQ SMTC opened at $39.35 on Wednesday. Semtech has a 1-year low of $24.05 and a 1-year high of $79.52. The company has a market capitalization of $3.41 billion, a PE ratio of -3.02, a price-to-earnings-growth ratio of 2.12 and a beta of 1.88. The firm’s fifty day simple moving average is $33.30 and its 200-day simple moving average is $47.62.

Hedge Funds Weigh In On Semtech

Large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its holdings in shares of Semtech by 12.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 7,788 shares of the semiconductor company’s stock worth $482,000 after purchasing an additional 870 shares during the period. SG Americas Securities LLC lifted its stake in shares of Semtech by 643.7% in the fourth quarter. SG Americas Securities LLC now owns 57,316 shares of the semiconductor company’s stock valued at $3,545,000 after buying an additional 49,609 shares during the period. Inspire Investing LLC grew its position in Semtech by 119.7% during the fourth quarter. Inspire Investing LLC now owns 22,053 shares of the semiconductor company’s stock worth $1,364,000 after buying an additional 12,016 shares in the last quarter. Accel Wealth Management bought a new position in Semtech during the fourth quarter valued at about $204,000. Finally, KBC Group NV increased its stake in Semtech by 113.0% during the fourth quarter. KBC Group NV now owns 3,498 shares of the semiconductor company’s stock valued at $216,000 after acquiring an additional 1,856 shares during the period.

Insiders Place Their Bets

In other news, CFO Mark Lin sold 2,907 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $37.71, for a total value of $109,622.97. Following the completion of the sale, the chief financial officer now directly owns 13,481 shares of the company’s stock, valued at approximately $508,368.51. This represents a 17.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.