Roth Capital Comments on Semtech's Q3 Earnings (NASDAQ:SMTC)

Semtech Co. (NASDAQ:SMTC - Free Report) - Equities researchers at Roth Capital cut their Q3 2026 earnings estimates for Semtech in a report released on Saturday, February 8th. Roth Capital analyst S. Searle now expects that the semiconductor company will earn $0.37 per share for the quarter, down from their previous forecast of $0.44. Roth Capital also issued estimates for Semtech's Q4 2026 earnings at $0.37 EPS.

Several other equities research analysts have also recently weighed in on SMTC. Craig Hallum increased their price target on shares of Semtech from $48.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Benchmark increased their target price on shares of Semtech from $56.00 to $82.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Piper Sandler restated an "overweight" rating and set a $55.00 price target (down previously from $75.00) on shares of Semtech in a report on Monday. Robert W. Baird dropped their price objective on Semtech from $80.00 to $60.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Finally, B. Riley lifted their price objective on Semtech from $61.00 to $85.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $67.91.

Semtech Trading Up 0.5 %

Shares of NASDAQ:SMTC traded up $0.19 during trading on Tuesday, reaching $36.92. 1,209,690 shares of the company traded hands, compared to its average volume of 2,933,324. Semtech has a 52-week low of $19.20 and a 52-week high of $79.52. The business's fifty day moving average is $63.55 and its 200-day moving average is $50.65. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of -2.84, a P/E/G ratio of 2.98 and a beta of 1.64.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hollencrest Capital Management bought a new stake in Semtech in the fourth quarter worth $31,000. Huntington National Bank raised its position in shares of Semtech by 105.2% in the 3rd 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. Smartleaf Asset Management LLC boosted its stake in Semtech by 190.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 770 shares of the semiconductor company's stock worth $48,000 after purchasing an additional 505 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in Semtech during the 4th quarter valued at about $52,000. Finally, AlphaQuest LLC increased its stake in Semtech by 173.5% during the 4th quarter. AlphaQuest LLC now owns 1,217 shares of the semiconductor company's stock valued at $75,000 after purchasing an additional 772 shares in the last quarter.

Insiders Place Their Bets

In other news, SVP Imran Sherazi sold 2,946 shares of the company's stock in a transaction dated Thursday, December 19th. The shares were 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 of the company's stock, valued at $399,866.10. This represents a 31.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark Lin sold 2,990 shares of Semtech stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $59.45, for a total transaction of $177,755.50. Following the transaction, the chief financial officer now directly owns 5,446 shares of the company's stock, valued at approximately $323,764.70. This trade represents a 35.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,747 shares of company stock worth $1,095,061. 0.60% of the stock is owned by corporate 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.