Semtech (NASDAQ:SMTC) Posts Quarterly Earnings Results

by · The Cerbat Gem

Semtech (NASDAQ:SMTC – Get Free Report) posted its quarterly earnings results on Tuesday. The semiconductor company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.45 by $0.06, FiscalAI reports. Semtech had a negative net margin of 3.86% and a positive return on equity of 18.09%. The firm had revenue of $291.00 million for the quarter, compared to the consensus estimate of $283.53 million. Semtech updated its Q2 2027 guidance to 0.590-0.630 EPS.

Semtech Trading Up 4.9%

Shares of SMTC traded up $7.68 during trading hours on Tuesday, reaching $164.46. 8,208,461 shares of the company traded hands, compared to its average volume of 2,239,979. The company’s fifty day moving average price is $102.46 and its two-hundred day moving average price is $86.90. The company has a market capitalization of $15.31 billion, a price-to-earnings ratio of -373.77 and a beta of 2.22. The company has a quick ratio of 1.66, a current ratio of 2.37 and a debt-to-equity ratio of 0.89. Semtech has a 12 month low of $34.59 and a 12 month high of $168.29.

Insider Activity

In other news, CEO Hong Q. Hou sold 2,000 shares of Semtech stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $90.11, for a total transaction of $180,220.00. Following the sale, the chief executive officer owned 73,228 shares of the company’s stock, valued at approximately $6,598,575.08. The trade was a 2.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Martin Burvill sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $88.98, for a total value of $222,450.00. Following the completion of the transaction, the director owned 4,409 shares of the company’s stock, valued at approximately $392,312.82. The trade was a 36.18% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 36,884 shares of company stock worth $3,069,245. 0.48% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Captrust Financial Advisors lifted its stake in shares of Semtech by 0.8% in the 4th quarter. Captrust Financial Advisors now owns 19,302 shares of the semiconductor company’s stock valued at $1,422,000 after purchasing an additional 162 shares during the period. Cetera Investment Advisers lifted its stake in shares of Semtech by 1.5% in the 4th quarter. Cetera Investment Advisers now owns 11,737 shares of the semiconductor company’s stock valued at $865,000 after purchasing an additional 177 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Semtech by 24.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the semiconductor company’s stock valued at $57,000 after purchasing an additional 247 shares during the period. State of Wyoming increased its stake in shares of Semtech by 19.3% in the 4th quarter. State of Wyoming now owns 1,524 shares of the semiconductor company’s stock worth $112,000 after acquiring an additional 247 shares in the last quarter. Finally, CHICAGO TRUST Co NA increased its stake in shares of Semtech by 8.4% in the 4th quarter. CHICAGO TRUST Co NA now owns 3,227 shares of the semiconductor company’s stock worth $238,000 after acquiring an additional 249 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SMTC shares. Northland Securities cut Semtech from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Craig Hallum raised their price objective on Semtech from $80.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, March 17th. Robert W. Baird raised their price objective on Semtech from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Benchmark raised their price objective on Semtech from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Finally, Susquehanna increased their price objective on Semtech from $110.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, May 20th. Thirteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.50.

Check Out Our Latest Stock Analysis on SMTC

Semtech Company Profile

(Get Free Report)

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.

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