Equities analysts expect Semtech Co. (NASDAQ:SMTC) to announce $0.36 earnings per share for the current quarter, according to Zacks. Nine analysts have made estimates for Semtech’s earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.34. Semtech reported earnings per share of $0.55 in the same quarter last year, which indicates a negative year over year growth rate of 34.5%. The business is scheduled to announce its next quarterly earnings results on Wednesday, September 4th.

According to Zacks, analysts expect that Semtech will report full-year earnings of $1.71 per share for the current financial year, with EPS estimates ranging from $1.50 to $1.86. For the next fiscal year, analysts expect that the company will report earnings of $2.18 per share, with EPS estimates ranging from $1.80 to $2.59. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Semtech.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings results on Wednesday, May 29th. The semiconductor company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.18 by $0.16. Semtech had a return on equity of 14.05% and a net margin of 10.18%. The firm had revenue of $131.40 million during the quarter, compared to analysts’ expectations of $130.40 million. During the same quarter last year, the firm earned $0.47 earnings per share. The business’s revenue for the quarter was down 13.5% on a year-over-year basis.

Several equities research analysts recently commented on the company. ValuEngine cut Semtech from a “buy” rating to a “hold” rating in a report on Thursday, May 30th. BidaskClub cut Semtech from a “hold” rating to a “sell” rating in a report on Friday, May 10th. B. Riley cut their price target on Semtech from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, May 30th. Cowen started coverage on Semtech in a research report on Tuesday, May 21st. They issued an “outperform” rating and a $56.00 price objective for the company. Finally, Zacks Investment Research lowered Semtech from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. Semtech has an average rating of “Buy” and a consensus price target of $56.54.

In related news, CFO Emeka Chukwu sold 1,100 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $52.00, for a total value of $57,200.00. Following the completion of the transaction, the chief financial officer now directly owns 128,986 shares in the company, valued at $6,707,272. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James T. Lindstrom sold 5,000 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $53.96, for a total value of $269,800.00. Following the completion of the transaction, the director now owns 25,000 shares of the company’s stock, valued at $1,349,000. The disclosure for this sale can be found here. Insiders sold 147,514 shares of company stock valued at $7,645,374 over the last quarter. 1.96% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SMTC. Oregon Public Employees Retirement Fund purchased a new position in shares of Semtech during the fourth quarter worth $25,000. Pearl River Capital LLC purchased a new position in shares of Semtech during the fourth quarter worth $25,000. Cutler Group LP purchased a new position in shares of Semtech during the fourth quarter worth $27,000. Cullen Frost Bankers Inc. purchased a new position in shares of Semtech during the first quarter worth $27,000. Finally, Enlightenment Research LLC purchased a new position in shares of Semtech during the fourth quarter worth $28,000. Institutional investors and hedge funds own 96.49% of the company’s stock.

Shares of NASDAQ:SMTC traded down $0.84 during midday trading on Friday, hitting $41.87. The company had a trading volume of 20,336 shares, compared to its average volume of 555,317. Semtech has a twelve month low of $39.54 and a twelve month high of $60.55. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.71 and a current ratio of 4.42. The stock has a market cap of $2.67 billion, a PE ratio of 31.48, a P/E/G ratio of 2.80 and a beta of 1.81.

About Semtech

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. The company provides signal integrity products, including a portfolio of optical data communications and video transport products used in various enterprise computing, industrial, and communications 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.

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