Analysts expect that Semtech Co. (NASDAQ:SMTC) will report $0.34 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Semtech’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.36. Semtech reported earnings of $0.47 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 27.7%. The firm is expected to announce its next quarterly earnings results on Wednesday, May 29th.

According to Zacks, analysts expect that Semtech will report full year earnings of $1.86 per share for the current fiscal year, with EPS estimates ranging from $1.66 to $2.11. For the next financial year, analysts forecast that the business will report earnings of $2.41 per share, with EPS estimates ranging from $2.10 to $2.78. 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, March 13th. The semiconductor company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. Semtech had a return on equity of 13.94% and a net margin of 10.05%. The firm had revenue of $160.00 million for the quarter, compared to analyst estimates of $158.48 million. During the same period in the previous year, the firm earned $0.42 earnings per share. Semtech’s quarterly revenue was up 13.8% on a year-over-year basis.

Several brokerages have weighed in on SMTC. ValuEngine lowered Semtech from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Zacks Investment Research lowered Semtech from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 19th. B. Riley dropped their target price on Semtech from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, March 14th. Roth Capital lowered Semtech from a “buy” rating to a “neutral” rating and set a $49.00 target price on the stock. in a research report on Thursday, March 14th. Finally, Loop Capital raised Semtech to a “buy” rating in a research report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $59.00.

In other news, CFO Emeka Chukwu sold 1,100 shares of the stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $51.00, for a total transaction of $56,100.00. Following the transaction, the chief financial officer now owns 84,930 shares of the company’s stock, valued at approximately $4,331,430. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Asaf Silberstein sold 1,000 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $53.19, for a total value of $53,190.00. Following the transaction, the executive vice president now directly owns 54,133 shares in the company, valued at approximately $2,879,334.27. The disclosure for this sale can be found here. In the last three months, insiders have sold 123,614 shares of company stock worth $6,664,320. 2.30% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in SMTC. Pearl River Capital LLC bought a new stake in Semtech during the 4th quarter valued at approximately $25,000. Oregon Public Employees Retirement Fund bought a new stake in Semtech during the 4th quarter valued at approximately $25,000. Cutler Group LP bought a new stake in Semtech during the 4th quarter valued at approximately $27,000. Enlightenment Research LLC bought a new stake in Semtech during the 4th quarter valued at approximately $28,000. Finally, IFP Advisors Inc boosted its stake in Semtech by 44.7% during the 4th quarter. IFP Advisors Inc now owns 1,010 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 312 shares during the period. Hedge funds and other institutional investors own 98.28% of the company’s stock.

SMTC stock traded down $0.05 during mid-day trading on Monday, hitting $53.04. The stock had a trading volume of 316,099 shares, compared to its average volume of 730,427. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.74 and a quick ratio of 3.25. Semtech has a 1-year low of $38.95 and a 1-year high of $60.55. The firm has a market cap of $3.51 billion, a P/E ratio of 39.88, a PEG ratio of 3.45 and a beta of 1.66.

Semtech Company Profile

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, communications, and high-end consumer applications; and a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications.

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