Roth Capital Issues Negative Outlook for Semtech Earnings

Semtech Corporation (NASDAQ:SMTC) – Investment analysts at Roth Capital reduced their Q4 2026 EPS estimates for shares of Semtech in a note issued to investors on Monday, August 25th. Roth Capital analyst S. Searle now expects that the semiconductor company will post earnings of $0.32 per share for the quarter, down from their previous estimate of $0.36. The consensus estimate for Semtech’s current full-year earnings is ($0.02) per share.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Tuesday, May 27th. The semiconductor company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.10. Semtech had a net margin of 2.38% and a return on equity of 21.52%. The firm had revenue of $251.10 million for the quarter, compared to analysts’ expectations of $249.79 million. During the same period in the previous year, the company posted $0.06 EPS. The company’s quarterly revenue was up 21.8% compared to the same quarter last year.

Several other equities analysts have also recently weighed in on SMTC. Benchmark reiterated a “buy” rating and set a $68.00 price objective on shares of Semtech in a research report on Tuesday. Piper Sandler lifted their target price on shares of Semtech from $55.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday. Craig Hallum lifted their target price on shares of Semtech from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday. Stifel Nicolaus lifted their target price on shares of Semtech from $45.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Finally, Morgan Stanley set a $43.00 target price on shares of Semtech in a research note on Wednesday, May 28th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.42.

Semtech Trading Down 1.0%

NASDAQ SMTC opened at $58.13 on Wednesday. Semtech has a twelve month low of $24.05 and a twelve month high of $79.52. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.81 and a current ratio of 2.53. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of 242.21 and a beta of 1.94. The firm’s 50 day moving average price is $49.16 and its two-hundred day moving average price is $40.04.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Dunhill Financial LLC bought a new position in Semtech in the 4th quarter worth $31,000. Bessemer Group Inc. raised its holdings in Semtech by 78.4% in the 2nd quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 287 shares during the period. Ameritas Advisory Services LLC bought a new position in Semtech in the 2nd quarter worth $33,000. Smartleaf Asset Management LLC raised its holdings in Semtech by 33.4% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 257 shares during the period. Finally, NBC Securities Inc. increased its holdings in shares of Semtech by 104,700.0% during the 1st quarter. NBC Securities Inc. now owns 1,048 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 1,047 shares during the period.

Insider Buying and Selling at Semtech

In related news, COO Asaf Silberstein sold 2,000 shares of Semtech stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $42.98, for a total value of $85,960.00. Following the completion of the sale, the chief operating officer owned 105,996 shares of the company’s stock, valued at approximately $4,555,708.08. The trade was a 1.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark Lin sold 999 shares of Semtech stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $43.84, for a total transaction of $43,796.16. Following the completion of the sale, the chief financial officer directly owned 17,211 shares of the company’s stock, valued at approximately $754,530.24. The trade was a 5.49% decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

Semtech Company Profile

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.