Northland Securities Forecasts Stronger Earnings for Semtech

Semtech Corporation (NASDAQ:SMTC) – Investment analysts at Northland Securities boosted their Q3 2027 EPS estimates for Semtech in a report issued on Thursday, August 27th. Northland Securities analyst G. Richard now anticipates that the semiconductor company will earn $0.85 per share for the quarter, up from their previous estimate of $0.51. Northland Securities currently has a “Outperform” rating and a $182.00 target price on the stock. The consensus estimate for Semtech’s current full-year earnings is $2.63 per share. Northland Securities also issued estimates for Semtech’s Q4 2027 earnings at $1.00 EPS, FY2027 earnings at $2.65 EPS, Q1 2028 earnings at $1.05 EPS, Q2 2028 earnings at $1.16 EPS, Q4 2028 earnings at $1.30 EPS and FY2028 earnings at $4.78 EPS.

Semtech (NASDAQ:SMTC) last announced its earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. Semtech had a return on equity of 21.74% and a net margin of 13.11%.The business had revenue of $341.87 million for the quarter, compared to analyst estimates of $328.67 million. During the same period in the prior year, the company earned $0.41 EPS. The company’s quarterly revenue was up 32.7% compared to the same quarter last year. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS.

A number of other equities research analysts also recently weighed in on SMTC. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 target price on shares of Semtech in a research note on Wednesday, August 26th. BMO Capital Markets initiated coverage on shares of Semtech in a report on Wednesday, August 26th. They issued an “outperform” rating and a $155.00 price target on the stock. Mizuho set a $225.00 price objective on shares of Semtech in a research report on Wednesday, May 27th. Morgan Stanley lifted their price objective on shares of Semtech from $175.00 to $195.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 26th. Finally, UBS Group lifted their price objective on shares of Semtech from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Fifteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.71.

Semtech Stock Up 1.4%

Shares of NASDAQ SMTC opened at $132.96 on Tuesday. Semtech has a 12 month low of $55.18 and a 12 month high of $177.35. The company has a current ratio of 1.70, a quick ratio of 1.31 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $12.41 billion, a price-to-earnings ratio of 88.05 and a beta of 2.35. The business has a 50-day moving average of $134.24 and a 200-day moving average of $119.63.

Institutional Trading of Semtech

A number of institutional investors have recently modified their holdings of SMTC. FNY Investment Advisers LLC lifted its holdings in Semtech by 900.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock worth $32,000 after buying an additional 180 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Semtech during the second quarter valued at approximately $32,000. Banque Cantonale Vaudoise bought a new position in shares of Semtech during the first quarter valued at approximately $33,000. IFP Advisors Inc purchased a new stake in Semtech in the fourth quarter worth $53,000. Finally, Allworth Financial LP purchased a new stake in Semtech in the second quarter worth $55,000.

Insider Activity

In other news, Director Paul V. Walsh, Jr. sold 500 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $164.99, for a total transaction of $82,495.00. Following the completion of the sale, the director owned 28,100 shares of the company’s stock, valued at approximately $4,636,219. This represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark Lin sold 970 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $150.41, for a total transaction of $145,897.70. Following the completion of the transaction, the chief financial officer owned 34,896 shares in the company, valued at $5,248,707.36. This represents a 2.70% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 21,734 shares of company stock valued at $3,133,986. Corporate insiders own 0.44% of the company’s stock.

Semtech Company Profile

Semtech Corporation is a leading supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms. The company’s products address a broad range of applications in the Internet of Things (IoT), data center and telecom, industrial, home automation, automotive, and aerospace markets. Semtech’s portfolio includes power management, signal integrity, protection devices, wireless and sensing technologies that enable smarter, more connected systems worldwide.

A core offering from Semtech is its LoRa® technology, a low-power, long-range wireless communication platform that has become a de facto standard for global IoT deployments.