Equities Analysts Issue Forecasts for Semtech Q1 Earnings

Semtech Co. (NASDAQ:SMTC - Free Report) - Equities researchers at B. Riley lifted their Q1 2026 earnings per share estimates for shares of Semtech in a research report issued on Monday, February 10th. B. Riley analyst C. Ellis now expects that the semiconductor company will post earnings per share of $0.19 for the quarter, up from their previous estimate of $0.16. B. Riley currently has a "Buy" rating and a $85.00 target price on the stock. B. Riley also issued estimates for Semtech's FY2026 earnings at $0.94 EPS.

Semtech (NASDAQ:SMTC - Get Free Report) last released its quarterly earnings data on Monday, November 25th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.03. The company had revenue of $236.80 million for the quarter, compared to analyst estimates of $232.89 million. During the same quarter in the prior year, the firm earned $0.02 EPS. The company's revenue for the quarter was up 17.9% compared to the same quarter last year.

Other research analysts have also issued research reports about the company. Northland Securities boosted their price objective on Semtech from $60.00 to $66.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. UBS Group assumed coverage on Semtech in a research note on Friday, January 17th. They set a "buy" rating and a $85.00 target price on the stock. Benchmark lifted their target price on Semtech from $56.00 to $82.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Susquehanna lifted their target price on Semtech from $55.00 to $60.00 and gave the company a "positive" rating in a research note on Thursday, November 21st. Finally, Stifel Nicolaus cut their target price on Semtech from $75.00 to $70.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $67.91.

Semtech Price Performance

NASDAQ:SMTC traded up $0.65 during midday trading on Wednesday, reaching $37.38. 2,182,095 shares of the company traded hands, compared to its average volume of 2,076,627. Semtech has a twelve month low of $19.20 and a twelve month high of $79.52. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of -2.86, a price-to-earnings-growth ratio of 2.98 and a beta of 1.64. The company has a fifty day moving average price of $62.97 and a 200 day moving average price of $50.69.

Insider Transactions at Semtech

In other news, CFO Mark Lin sold 6,114 shares of the business's stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.74, for a total transaction of $401,934.36. Following the sale, the chief financial officer now directly owns 3,531 shares of the company's stock, valued at $232,127.94. The trade was a 63.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Imran Sherazi sold 2,946 shares of the business's stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $63.30, for a total value of $186,481.80. Following the sale, the senior vice president now directly owns 6,317 shares in the company, valued at $399,866.10. This trade represents a 31.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,747 shares of company stock valued at $1,095,061 over the last three months. Company insiders own 0.60% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Huntington National Bank grew its holdings in shares of Semtech by 105.2% during the third quarter. Huntington National Bank now owns 589 shares of the semiconductor company's stock valued at $27,000 after buying an additional 302 shares in the last quarter. Hollencrest Capital Management purchased a new position in shares of Semtech during the fourth quarter valued at $31,000. Smartleaf Asset Management LLC grew its holdings in shares of Semtech by 190.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 770 shares of the semiconductor company's stock valued at $48,000 after buying an additional 505 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Semtech during the fourth quarter valued at $52,000. Finally, NBC Securities Inc. grew its holdings in shares of Semtech by 115.8% during the third quarter. NBC Securities Inc. now owns 1,377 shares of the semiconductor company's stock valued at $62,000 after buying an additional 739 shares in the last quarter.

About Semtech

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.