Northland Securities Predicts Increased Earnings for Semtech

Semtech Corporation (NASDAQ:SMTC) – Northland Securities boosted their Q3 2027 earnings per share estimates for shares of Semtech in a report released on Friday, October 16th. Northland Securities analyst G. Richard now anticipates that the semiconductor company will earn $0.93 per share for the quarter, up from their previous estimate 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 $2.80 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) last issued its quarterly earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. The business had revenue of $341.87 million during the quarter, compared to analyst estimates of $328.67 million. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The business’s revenue was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 earnings per share. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS.

Several other analysts have also recently issued reports on SMTC. Weiss Ratings cut Semtech from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, October 6th. Seaport Research Partners started coverage on Semtech in a report on Tuesday, September 22nd. They issued a “buy” rating and a $200.00 price target for the company. Morgan Stanley set a $205.00 price target on Semtech in a research report on Friday. Stifel Nicolaus dropped their price target on Semtech from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, October 16th. Finally, TD Cowen restated a “buy” rating and set a $215.00 price objective on shares of Semtech in a research note on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $213.11.

Semtech Stock Down 4.2%

NASDAQ:SMTC opened at $136.20 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.31 and a current ratio of 1.70. The company has a market capitalization of $12.71 billion, a price-to-earnings ratio of 90.20 and a beta of 2.41. Semtech has a one year low of $60.28 and a one year high of $201.99. The stock has a 50-day simple moving average of $157.28 and a 200 day simple moving average of $140.55.

Insider Transactions at Semtech

In other Semtech news, EVP Jason Elliot Green sold 2,766 shares of the firm’s stock in a transaction on Wednesday, October 7th. The stock was sold at an average price of $190.35, for a total value of $526,508.10. Following the sale, the executive vice president directly owned 7,367 shares in the company, valued at approximately $1,402,308.45. This trade represents a 27.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Hong Hou sold 2,000 shares of the company’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $138.71, for a total transaction of $277,420.00. Following the transaction, the chief executive officer owned 60,799 shares of the company’s stock, valued at $8,433,429.29. This represents a 3.18% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 13,737 shares of company stock valued at $2,267,877 over the last three months. 0.44% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Semtech

A number of hedge funds have recently made changes to their positions in SMTC. Andar Capital Management HK Ltd purchased a new position in shares of Semtech in the second quarter worth approximately $162,000,000. BlackRock Inc. acquired a new stake in shares of Semtech during the second quarter valued at approximately $1,577,947,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of 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 valued at $136,298,000 after acquiring an additional 672,447 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Semtech by 323.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 781,003 shares of the semiconductor company’s stock valued at $60,051,000 after acquiring an additional 596,373 shares in the last quarter. Finally, Atreides Management LP purchased a new stake in shares of Semtech in the 2nd quarter valued at approximately $89,214,000.

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.