B. Riley Comments on Semtech's Q1 Earnings (NASDAQ:SMTC)

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

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

SMTC has been the subject of a number of other reports. Northland Securities raised their target price on Semtech from $60.00 to $66.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. Benchmark raised their price objective on Semtech from $56.00 to $82.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Piper Sandler reissued an "overweight" rating and set a $55.00 price objective (down from $75.00) on shares of Semtech in a research report on Monday, February 10th. Susquehanna raised their price objective on Semtech from $55.00 to $60.00 and gave the stock a "positive" rating in a research report on Thursday, November 21st. Finally, Stifel Nicolaus cut their price objective on Semtech from $75.00 to $70.00 and set a "buy" rating for the company in a research report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $67.91.

Semtech Stock Up 1.8 %

Shares of SMTC traded up $0.65 during midday trading on Wednesday, reaching $37.38. The company had a trading volume of 2,182,095 shares, compared to its average volume of 2,076,627. Semtech has a 1-year low of $19.20 and a 1-year high of $79.52. The stock has a market cap of $2.83 billion, a PE ratio of -2.86, a price-to-earnings-growth ratio of 2.98 and a beta of 1.64. The firm has a 50 day simple moving average of $62.97 and a 200-day simple moving average of $50.97.

Hedge Funds Weigh In On Semtech

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Huntington National Bank boosted its stake in shares of Semtech by 105.2% in the 3rd quarter. Huntington National Bank now owns 589 shares of the semiconductor company's stock valued at $27,000 after buying an additional 302 shares during the period. Quadrant Capital Group LLC lifted its stake in Semtech by 27.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,567 shares of the semiconductor company's stock worth $97,000 after purchasing an additional 337 shares during the last quarter. GAMMA Investing LLC lifted its stake in Semtech by 15.3% during the fourth quarter. GAMMA Investing LLC now owns 3,166 shares of the semiconductor company's stock worth $196,000 after purchasing an additional 421 shares during the last quarter. Hanseatic Management Services Inc. lifted its stake in Semtech by 3.2% during the third quarter. Hanseatic Management Services Inc. now owns 14,406 shares of the semiconductor company's stock worth $658,000 after purchasing an additional 447 shares during the last quarter. Finally, Hollencrest Capital Management purchased a new stake in Semtech during the fourth quarter worth approximately $31,000.

Insider Buying and Selling at Semtech

In other news, CFO Mark Lin sold 1,359 shares of Semtech stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $65.15, for a total value of $88,538.85. Following the completion of the transaction, the chief financial officer now owns 4,164 shares in the company, valued at approximately $271,284.60. This trade represents a 24.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Imran Sherazi sold 1,338 shares of Semtech stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $75.00, for a total value of $100,350.00. Following the completion of the transaction, the senior vice president now owns 14 shares of the company's stock, valued at $1,050. The trade was a 98.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,747 shares of company stock valued at $1,095,061 in the last three months. 0.60% of the stock is owned by corporate insiders.

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.