Roth Capital Has Negative Forecast for Semtech Q3 Earnings

Semtech Co. (NASDAQ:SMTC) – Equities research analysts at Roth Capital reduced their Q3 2026 earnings per share estimates for Semtech in a research report issued on Saturday, February 8th. Roth Capital analyst S. Searle now expects that the semiconductor company will post earnings per share of $0.37 for the quarter, down from their prior estimate of $0.44. Roth Capital also issued estimates for Semtech’s Q4 2026 earnings at $0.37 EPS.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings data on Monday, November 25th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating 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 firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.02 EPS.

Several other equities research analysts have also issued reports on SMTC. Needham & Company LLC decreased their price target on shares of Semtech from $74.00 to $54.00 and set a “buy” rating for the company in a research note on Monday. Robert W. Baird decreased their target price on Semtech from $80.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday. Benchmark boosted their target price on Semtech from $56.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. B. Riley increased their price target on Semtech from $61.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Craig Hallum boosted their price objective on Semtech from $48.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $67.91.

Semtech Stock Performance

NASDAQ SMTC opened at $37.60 on Tuesday. Semtech has a 52-week low of $19.12 and a 52-week high of $79.52. The company has a 50-day simple moving average of $65.34 and a 200 day simple moving average of $50.80.

Insider Transactions at Semtech

In related news, COO Asaf Silberstein sold 2,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $70.00, for a total value of $140,000.00. Following the sale, the chief operating officer now owns 76,417 shares in the company, valued at approximately $5,349,190. This trade represents a 2.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Mark Lin sold 6,114 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.74, for a total value of $401,934.36. Following the transaction, the chief financial officer now owns 3,531 shares of the company’s stock, valued at approximately $232,127.94. The trade was a 63.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,747 shares of company stock valued at $1,095,061. 0.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Semtech

A number of institutional investors and hedge funds have recently bought and sold shares of SMTC. Huntington National Bank increased its holdings 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 buying an additional 302 shares during the last quarter. Hollencrest Capital Management bought a new position in Semtech in the fourth quarter valued at $31,000. Smartleaf Asset Management LLC raised its position in Semtech by 190.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 770 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 505 shares in the last quarter. NBC Securities Inc. lifted its stake in Semtech by 115.8% during the third quarter. NBC Securities Inc. now owns 1,377 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 739 shares during the last quarter. Finally, AlphaQuest LLC boosted its holdings in shares of Semtech by 173.5% in the 4th quarter. AlphaQuest LLC now owns 1,217 shares of the semiconductor company’s stock worth $75,000 after purchasing an additional 772 shares in the last quarter.

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.