B. Riley Issues Positive Estimate for Semtech Earnings

Semtech Co. (NASDAQ:SMTC) – Equities research analysts at B. Riley boosted their Q1 2026 earnings estimates for shares of Semtech in a report issued on Monday, February 10th. B. Riley analyst C. Ellis now anticipates that the semiconductor company will earn $0.19 per share for the quarter, up from their previous estimate of $0.16. B. Riley has a “Buy” rating and a $85.00 price target on the stock. B. Riley also issued estimates for Semtech’s FY2026 earnings at $0.94 EPS.

A number of other equities analysts have also weighed in on SMTC. Piper Sandler restated an “overweight” rating and set a $55.00 target price (down previously from $75.00) on shares of Semtech in a research report on Monday. Robert W. Baird dropped their price objective on shares of Semtech from $80.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Stifel Nicolaus reduced their target price on Semtech from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Monday. Roth Mkm increased their price target on Semtech from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, Northland Securities lifted their price objective on Semtech from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $67.91.

Semtech Price Performance

SMTC stock opened at $38.18 on Wednesday. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of -2.93, a PEG ratio of 2.98 and a beta of 1.64. Semtech has a 1-year low of $19.12 and a 1-year high of $79.52. The business has a 50 day simple moving average of $64.77 and a two-hundred day simple moving average of $50.85.

Semtech (NASDAQ:SMTC) last released its quarterly earnings data on Monday, November 25th. The semiconductor company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The business had revenue of $236.80 million during the quarter, compared to the consensus estimate of $232.89 million. The business’s revenue was up 17.9% on a year-over-year basis. During the same period last year, the company earned $0.02 EPS.

Insider Buying and Selling

In other news, CFO Mark Lin sold 6,114 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.74, for a total value of $401,934.36. Following the transaction, the chief financial officer now directly owns 3,531 shares in the company, valued at approximately $232,127.94. This represents a 63.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Imran Sherazi sold 2,946 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $63.30, for a total transaction of $186,481.80. Following the completion of the transaction, the senior vice president now directly owns 6,317 shares in the company, valued at $399,866.10. This represents a 31.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,747 shares of company stock valued at $1,095,061 in the last ninety days. 0.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SMTC. Prudential Financial Inc. lifted its holdings in shares of Semtech by 67.3% in the 4th quarter. Prudential Financial Inc. now owns 128,878 shares of the semiconductor company’s stock worth $7,971,000 after buying an additional 51,825 shares during the period. Corebridge Financial Inc. raised its holdings in shares of Semtech by 4.0% in the fourth quarter. Corebridge Financial Inc. now owns 39,097 shares of the semiconductor company’s stock valued at $2,418,000 after acquiring an additional 1,503 shares in the last quarter. Vanguard Group Inc. lifted its stake in Semtech by 13.0% in the fourth quarter. Vanguard Group Inc. now owns 11,542,545 shares of the semiconductor company’s stock worth $713,906,000 after acquiring an additional 1,326,226 shares during the period. LPL Financial LLC grew its holdings in Semtech by 18.3% during the 4th quarter. LPL Financial LLC now owns 19,154 shares of the semiconductor company’s stock worth $1,185,000 after acquiring an additional 2,965 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Semtech during the 4th quarter valued at about $1,058,000.

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.