Semtech Corporation (NASDAQ:SMTC – Free Report) – Analysts at Northland Securities lifted their Q3 2027 earnings estimates for shares of Semtech in a note issued to investors on Friday, October 16th. Northland Securities analyst G. Richard now anticipates that the semiconductor company will post earnings per share of $0.93 for the quarter, up from their previous forecast of $0.85. Northland Securities currently has an “Outperform” rating and a $186.00 target price on the stock. The consensus estimate for Semtech’s current full-year earnings is $2.75 per share. Northland Securities also issued estimates for Semtech’s Q4 2027 earnings at $1.01 EPS, FY2027 earnings at $2.73 EPS, Q1 2028 earnings at $1.07 EPS, Q2 2028 earnings at $1.21 EPS and FY2028 earnings at $4.88 EPS.
Semtech (NASDAQ:SMTC – Get Free Report) last posted its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. The company had revenue of $341.87 million for the quarter, compared to the consensus estimate of $328.67 million. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The firm’s revenue was up 32.7% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS.
SMTC has been the subject of a number of other reports. Seaport Research Partners began coverage on shares of Semtech in a research note on Tuesday, September 22nd. They set a “buy” rating and a $200.00 price objective for the company. BMO Capital Markets upped their target price on Semtech from $155.00 to $230.00 and gave the stock an “outperform” rating in a report on Tuesday, October 13th. Oppenheimer increased their price target on Semtech from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, October 1st. DA Davidson set a $230.00 price target on Semtech in a research report on Friday. Finally, TD Cowen restated a “buy” rating and issued a $215.00 price target on shares of Semtech in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $213.11.
Read Our Latest Report on Semtech
Semtech Stock Up 4.0%
Shares of SMTC stock opened at $142.22 on Monday. The firm’s fifty day moving average price is $157.18 and its two-hundred day moving average price is $140.15. The company has a current ratio of 1.70, a quick ratio of 1.31 and a debt-to-equity ratio of 0.47. Semtech has a 1 year low of $60.28 and a 1 year high of $201.99. The firm has a market capitalization of $13.27 billion, a P/E ratio of 94.19 and a beta of 2.41.
Institutional Investors Weigh In On Semtech
Hedge funds have recently bought and sold shares of the company. Leonteq Securities AG lifted its position in shares of Semtech by 11.2% during the 1st quarter. Leonteq Securities AG now owns 1,171 shares of the semiconductor company’s stock worth $90,000 after buying an additional 118 shares during the last quarter. Corient Private Wealth LP boosted its stake in Semtech by 4.0% in the second quarter. Corient Private Wealth LP now owns 3,147 shares of the semiconductor company’s stock valued at $515,000 after buying an additional 122 shares in the last quarter. ABS Investment Management LLC acquired a new stake in Semtech in the second quarter valued at about $178,035,000. FNY Investment Advisers LLC boosted its stake in Semtech by 900.0% in the second quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 180 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Semtech in the second quarter valued at about $32,000.
Insider Activity
In other news, CFO Mark Lin sold 967 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $178.87, for a total transaction of $172,967.29. Following the transaction, the chief financial officer directly owned 35,999 shares in the company, valued at $6,439,141.13. The trade was a 2.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rodolpho C. Cardenuto sold 5,321 shares of the business’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $877,965.00. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 13,737 shares of company stock valued at $2,267,877. 0.44% of the stock is owned by corporate insiders.
Key Stories Impacting Semtech
Here are the key news stories impacting Semtech this week:
- Positive Sentiment: Semtech raised its fiscal third-quarter 2027 forecast, increasing expected revenue to approximately $417.5 million from $410 million and adjusted diluted EPS to about $1.14 from $1.05. Semtech Gains as Investors Reassess Raised Outlook and AI Data Center Targets
- Positive Sentiment: Management’s fiscal 2030 framework targets $3.2 billion in revenue, including $2.1 billion from data-center products. Investors viewed the plan, along with rising optical and analog content in AI infrastructure, as evidence of a sizable multiyear growth opportunity. AI Data Center Targets
- Positive Sentiment: An expanded SiGe partnership with Tower Semiconductor supports Semtech’s strategy to scale connectivity products for data-center applications. Northland Securities also upgraded the stock, while TD Cowen reaffirmed a Buy rating. Semtech Rating Upgrade
- Neutral Sentiment: Analyst views remain mixed: several published targets are well above recent trading levels, but Stifel issued a more cautious forecast. Shares also remain volatile and trade at a high earnings multiple, increasing sensitivity to execution and guidance changes. Stifel Forecast
- Negative Sentiment: Insiders reported 26 open-market sales and no purchases during the past six months. Major institutional holders, including BlackRock and Ameriprise, also reduced positions in the latest reported quarter, potentially tempering bullish sentiment. Semtech Trading Activity
About Semtech
Semtech Corporation (NASDAQ:SMTC) is a global semiconductor and infrastructure technology company that develops analog and mixed-signal products for communications, industrial, data center, consumer, and automotive applications. Its portfolio is designed to improve connectivity, power efficiency, signal integrity, and protection in electronic systems.
The company’s products include high-speed connectivity solutions for data centers and communications networks, power management and protection devices, signal integrity components, and wireless and radio-frequency technologies.
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