Northland Securities Boosts Earnings Estimates for Semtech

Semtech Corporation (NASDAQ:SMTC) – Analysts at Northland Securities upped their Q3 2027 EPS estimates for shares of Semtech in a research note issued to investors on Thursday, August 27th. Northland Securities analyst G. Richard now anticipates that the semiconductor company will post earnings per share of $0.85 for the quarter, up from their prior forecast of $0.51. Northland Securities has a “Outperform” rating and a $182.00 price target on the stock. The consensus estimate for Semtech’s current full-year earnings is $2.63 per share. Northland Securities also issued estimates for Semtech’s Q4 2027 earnings at $1.00 EPS, FY2027 earnings at $2.65 EPS, Q1 2028 earnings at $1.05 EPS, Q2 2028 earnings at $1.16 EPS, Q4 2028 earnings at $1.30 EPS and FY2028 earnings at $4.78 EPS.

A number of other equities research analysts have also recently commented on the company. B. Riley Financial increased their target price on Semtech from $165.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. TD Cowen lifted their price target on Semtech from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Roth Capital set a $220.00 price target on shares of Semtech in a research note on Wednesday, August 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Semtech in a research report on Thursday, June 18th. Finally, Morgan Stanley raised their price objective on shares of Semtech from $175.00 to $195.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 26th. Fifteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Semtech has an average rating of “Moderate Buy” and an average target price of $204.71.

Semtech Stock Up 1.4%

SMTC stock opened at $132.96 on Tuesday. The business has a 50 day moving average of $134.24 and a 200 day moving average of $119.63. The firm has a market cap of $12.41 billion, a PE ratio of 88.05 and a beta of 2.35. Semtech has a twelve month low of $55.18 and a twelve month high of $177.35. The company has a quick ratio of 1.31, a current ratio of 1.70 and a debt-to-equity ratio of 0.47.

Semtech (NASDAQ:SMTC) last released its earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.10. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The firm had revenue of $341.87 million during the quarter, compared to analyst estimates of $328.67 million. During the same period last year, the business earned $0.41 earnings per share. The business’s revenue was up 32.7% on a year-over-year basis. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS.

Hedge Funds Weigh In On Semtech

A number of hedge funds have recently modified their holdings of SMTC. Andar Capital Management HK Ltd bought a new stake in shares of Semtech during the 2nd quarter valued at $162,000,000. California State Teachers Retirement System grew its position in shares of Semtech by 16,868.8% during the second quarter. California State Teachers Retirement System now owns 17,446,944 shares of the semiconductor company’s stock worth $2,823,788,000 after purchasing an additional 17,344,126 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Semtech during the second quarter worth about $1,577,947,000. Think Investments LP bought a new stake in Semtech during the 3rd quarter valued at approximately $58,618,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Semtech by 396.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,125 shares of the semiconductor company’s stock worth $136,298,000 after purchasing an additional 672,447 shares in the last quarter.

Insider Buying and Selling at Semtech

In other news, CEO Hong Q. Hou sold 2,000 shares of the business’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $133.00, for a total transaction of $266,000.00. Following the completion of the sale, the chief executive officer owned 64,799 shares of the company’s stock, valued at $8,618,267. The trade was a 2.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark Lin sold 970 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $150.41, for a total value of $145,897.70. Following the completion of the transaction, the chief financial officer directly owned 34,896 shares in the company, valued at approximately $5,248,707.36. This represents a 2.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,734 shares of company stock valued at $3,133,986 in the last quarter. Insiders own 0.44% of the company’s stock.

Semtech Company Profile

Semtech Corporation is a leading supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms. The company’s products address a broad range of applications in the Internet of Things (IoT), data center and telecom, industrial, home automation, automotive, and aerospace markets. Semtech’s portfolio includes power management, signal integrity, protection devices, wireless and sensing technologies that enable smarter, more connected systems worldwide.

A core offering from Semtech is its LoRa® technology, a low-power, long-range wireless communication platform that has become a de facto standard for global IoT deployments.