Analysts predict that Semtech Co. (NASDAQ:SMTC) will post earnings of $0.54 per share for the current quarter, according to Zacks. Five analysts have made estimates for Semtech’s earnings. The highest EPS estimate is $0.55 and the lowest is $0.52. Semtech reported earnings per share of $0.48 during the same quarter last year, which suggests a positive year over year growth rate of 12.5%. The company is expected to issue its next quarterly earnings report on Wednesday, August 29th.
On average, analysts expect that Semtech will report full-year earnings of $2.25 per share for the current year, with EPS estimates ranging from $2.12 to $2.41. For the next financial year, analysts expect that the company will post earnings of $2.65 per share, with EPS estimates ranging from $2.50 to $3.03. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Semtech.
Semtech (NASDAQ:SMTC) last announced its quarterly earnings results on Wednesday, May 30th. The semiconductor company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $151.90 million during the quarter, compared to analysts’ expectations of $150.33 million. Semtech had a return on equity of 12.05% and a net margin of 6.44%. Semtech’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 EPS.
SMTC has been the subject of a number of research reports. BidaskClub cut Semtech from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 24th. Summit Insights raised Semtech from a “hold” rating to a “buy” rating in a research note on Thursday, March 15th. Roth Capital set a $45.00 target price on Semtech and gave the stock a “buy” rating in a research note on Thursday, March 15th. Royal Bank of Canada increased their target price on Semtech to $39.00 and gave the stock a “market perform” rating in a research note on Thursday, March 15th. Finally, ValuEngine raised Semtech from a “hold” rating to a “buy” rating in a research note on Tuesday, March 20th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $46.78.
In other news, SVP Asaf Silberstein sold 1,500 shares of the stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $40.50, for a total value of $60,750.00. Following the completion of the sale, the senior vice president now owns 42,876 shares of the company’s stock, valued at approximately $1,736,478. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Charles B. Ammann sold 2,250 shares of the stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $38.55, for a total value of $86,737.50. The disclosure for this sale can be found here. Insiders have sold a total of 311,897 shares of company stock valued at $14,825,399 over the last ninety days. Company insiders own 2.30% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SMTC. Suntrust Banks Inc. acquired a new stake in Semtech during the 4th quarter valued at $237,000. Wells Fargo & Company MN lifted its holdings in Semtech by 16.9% during the 4th quarter. Wells Fargo & Company MN now owns 582,742 shares of the semiconductor company’s stock valued at $19,930,000 after purchasing an additional 84,044 shares during the last quarter. Clearbridge LLC lifted its holdings in Semtech by 10.5% during the 4th quarter. Clearbridge LLC now owns 339,212 shares of the semiconductor company’s stock valued at $11,601,000 after purchasing an additional 32,240 shares during the last quarter. Deutsche Bank AG lifted its holdings in Semtech by 33.4% during the 4th quarter. Deutsche Bank AG now owns 176,631 shares of the semiconductor company’s stock valued at $6,038,000 after purchasing an additional 44,199 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in Semtech by 0.7% during the 4th quarter. BlackRock Inc. now owns 8,308,393 shares of the semiconductor company’s stock valued at $284,147,000 after purchasing an additional 56,028 shares during the last quarter. 96.36% of the stock is owned by institutional investors.
Semtech traded down $0.45, reaching $50.05, during trading hours on Wednesday, according to MarketBeat.com. 4,562 shares of the company’s stock were exchanged, compared to its average volume of 455,925. Semtech has a one year low of $31.30 and a one year high of $51.40. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.51 and a current ratio of 4.09. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 35.75, a PEG ratio of 8.97 and a beta of 1.23.
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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