Analysts expect that Semtech Co. (NASDAQ:SMTC) will post earnings per share (EPS) of $0.54 for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Semtech’s earnings. The lowest EPS estimate is $0.53 and the highest is $0.55. Semtech posted earnings per share of $0.42 during the same quarter last year, which would indicate a positive year-over-year growth rate of 28.6%. The company is expected to announce its next earnings report on Wednesday, March 13th.

On average, analysts expect that Semtech will report full-year earnings of $2.19 per share for the current year, with EPS estimates ranging from $2.17 to $2.20. For the next financial year, analysts expect that the business will post earnings of $2.44 per share, with EPS estimates ranging from $2.27 to $2.65. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Semtech.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings results on Wednesday, November 28th. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The company had revenue of $173.60 million for the quarter, compared to the consensus estimate of $173.06 million. Semtech had a return on equity of 14.23% and a net margin of 7.97%. The firm’s revenue was up 15.5% compared to the same quarter last year. During the same period last year, the business posted $0.54 earnings per share.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research reaffirmed a “hold” rating on shares of Semtech in a research report on Thursday, November 15th. BidaskClub downgraded Semtech from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Susquehanna Bancshares began coverage on Semtech in a research report on Friday, December 7th. They set a “neutral” rating and a $54.00 target price on the stock. ValuEngine downgraded Semtech from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $55.00 target price on shares of Semtech in a research report on Thursday, November 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $59.82.

In other news, Director Ye Jane Li sold 3,000 shares of the firm’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $52.49, for a total transaction of $157,470.00. Following the completion of the transaction, the director now owns 2,328 shares of the company’s stock, valued at $122,196.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP James Jungsup Kim sold 2,500 shares of the firm’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $43.96, for a total transaction of $109,900.00. Following the transaction, the senior vice president now directly owns 44,925 shares of the company’s stock, valued at approximately $1,974,903. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 167,940 shares of company stock worth $8,287,243. Company insiders own 2.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in SMTC. Meeder Asset Management Inc. bought a new position in Semtech during the third quarter worth $155,000. Glenmede Trust Co. NA raised its stake in Semtech by 237.0% during the third quarter. Glenmede Trust Co. NA now owns 3,822 shares of the semiconductor company’s stock worth $211,000 after buying an additional 2,688 shares during the last quarter. HPM Partners LLC bought a new position in Semtech during the third quarter worth $214,000. TRUE Private Wealth Advisors bought a new position in Semtech during the third quarter worth $222,000. Finally, Jefferies Group LLC bought a new position in Semtech during the third quarter worth $234,000. 99.55% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:SMTC traded up $0.41 during midday trading on Monday, hitting $51.24. The company’s stock had a trading volume of 1,537,156 shares, compared to its average volume of 476,295. The company has a market cap of $3.37 billion, a P/E ratio of 36.60, a P/E/G ratio of 2.62 and a beta of 1.78. Semtech has a fifty-two week low of $31.30 and a fifty-two week high of $60.55. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.53 and a current ratio of 4.03.

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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