B. Riley Brokers Reduce Earnings Estimates for Semtech

Semtech Co. (NASDAQ:SMTC - Free Report) - B. Riley lowered their Q3 2026 EPS estimates for Semtech in a report issued on Monday, February 10th. B. Riley analyst C. Ellis now expects that the semiconductor company will post earnings per share of $0.29 for the quarter, down from their prior estimate of $0.30. B. Riley has a "Buy" rating and a $85.00 price target on the stock. B. Riley also issued estimates for Semtech's Q4 2026 earnings at $0.26 EPS.

Several other brokerages also recently commented on SMTC. UBS Group started coverage on shares of Semtech in a research report on Friday, January 17th. They set a "buy" rating and a $85.00 price objective for the company. Craig Hallum raised their price objective on Semtech from $48.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Needham & Company LLC decreased their target price on shares of Semtech from $74.00 to $54.00 and set a "buy" rating for the company in a research report on Monday, February 10th. Benchmark boosted their price target on shares of Semtech from $56.00 to $82.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Finally, Stifel Nicolaus decreased their price objective on shares of 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Semtech has a consensus rating of "Moderate Buy" and an average price target of $67.91.

Semtech Price Performance

Semtech stock traded up $0.65 during mid-day trading on Thursday, reaching $37.38. 2,182,095 shares of the company were exchanged, compared to its average volume of 2,076,627. The firm has a market cap of $2.83 billion, a PE ratio of -2.86, a PEG ratio of 2.98 and a beta of 1.64. The company has a fifty day simple moving average of $62.97 and a 200-day simple moving average of $50.97. Semtech has a 12 month low of $19.20 and a 12 month high of $79.52.

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

Insider Activity

In other Semtech news, SVP Imran Sherazi sold 1,338 shares of the business's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $75.00, for a total transaction of $100,350.00. Following the completion of the sale, the senior vice president now owns 14 shares in the company, valued at approximately $1,050. The trade was a 98.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Mark Lin sold 6,114 shares of Semtech stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.74, for a total transaction of $401,934.36. Following the transaction, the chief financial officer now owns 3,531 shares of the company's stock, valued at $232,127.94. This represents a 63.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,747 shares of company stock worth $1,095,061. Company insiders own 0.60% of the company's stock.

Hedge Funds Weigh In On Semtech

Several large investors have recently added to or reduced their stakes in SMTC. Huntington National Bank raised its stake in shares of Semtech by 105.2% in the third quarter. Huntington National Bank now owns 589 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 302 shares during the last quarter. Quadrant Capital Group LLC grew its holdings 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 buying an additional 337 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 buying an additional 421 shares in the last quarter. Hanseatic Management Services Inc. raised its position in Semtech by 3.2% in the 3rd quarter. Hanseatic Management Services Inc. now owns 14,406 shares of the semiconductor company's stock valued at $658,000 after buying an additional 447 shares during the last quarter. Finally, Hollencrest Capital Management bought a new position in Semtech during the 4th quarter valued at $31,000.

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.