FY2025 Earnings Forecast for Semtech Issued By Roth Capital

Semtech Co. (NASDAQ:SMTC) – Equities research analysts at Roth Capital boosted their FY2025 earnings per share (EPS) estimates for Semtech in a report released on Monday, November 25th. Roth Capital analyst S. Searle now expects that the semiconductor company will post earnings per share of $0.02 for the year, up from their previous forecast of ($0.01). The consensus estimate for Semtech’s current full-year earnings is ($0.07) per share.

Other equities research analysts have also issued reports about the stock. Susquehanna increased their target price on shares of Semtech from $55.00 to $60.00 and gave the stock a “positive” rating in a report on Thursday, November 21st. Stifel Nicolaus lifted their target price on Semtech from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday. Northland Securities boosted their target price on Semtech from $46.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday. Piper Sandler reaffirmed an “overweight” rating and set a $75.00 price target (up previously from $60.00) on shares of Semtech in a research report on Tuesday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price objective (up from $50.00) on shares of Semtech in a research report on Tuesday. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.70.

Semtech Trading Up 1.7 %

NASDAQ SMTC opened at $64.20 on Thursday. Semtech has a 12 month low of $15.63 and a 12 month high of $66.64. The stock has a 50-day simple moving average of $46.24 and a 200 day simple moving average of $39.12. The company has a market capitalization of $4.83 billion, a PE ratio of -4.92 and a beta of 1.54.

Semtech (NASDAQ:SMTC) last issued its earnings results on Monday, November 25th. The semiconductor company reported $0.26 earnings per share (EPS) 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 analyst estimates of $232.89 million. Semtech had a negative net margin of 99.08% and a negative return on equity of 154.99%. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 EPS.

Hedge Funds Weigh In On Semtech

Several institutional investors and hedge funds have recently modified their holdings of the stock. Disciplined Growth Investors Inc. MN boosted its holdings in shares of Semtech by 343.3% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 2,494,985 shares of the semiconductor company’s stock worth $74,550,000 after buying an additional 1,932,116 shares during the period. Driehaus Capital Management LLC acquired a new stake in Semtech during the second quarter worth approximately $43,395,000. Millennium Management LLC boosted its holdings in shares of Semtech by 26.6% during the second quarter. Millennium Management LLC now owns 3,646,449 shares of the semiconductor company’s stock worth $108,956,000 after acquiring an additional 765,877 shares during the period. Whale Rock Capital Management LLC acquired a new position in shares of Semtech in the third quarter valued at approximately $32,126,000. Finally, Clearline Capital LP increased its stake in shares of Semtech by 143.1% during the second quarter. Clearline Capital LP now owns 899,021 shares of the semiconductor company’s stock worth $26,863,000 after purchasing an additional 529,194 shares during the period.

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.