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Semtech Corp. (NASDAQ:SMTC) will post its Q115 quarterly earnings results on Wednesday, May 21st. Analysts expect Semtech Corp. to post earnings of $0.30 per share and revenue of $130.27 million for the quarter. Semtech Corp. has set its Q1 guidance at $0.28-0.32 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Semtech Corp. (NASDAQ:SMTC) last announced its earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.23. The company had revenue of $126.53 million for the quarter, compared to the consensus estimate of $125.14 million. During the same quarter last year, the company posted $0.49 earnings per share. Semtech Corp.’s revenue was down 16.0% compared to the same quarter last year. On average, analysts expect Semtech Corp. to post $1.55 EPS for the current fiscal year and $1.92 EPS for the next fiscal year.

Semtech Corp. (NASDAQ:SMTC) opened at 22.865 on Tuesday. Semtech Corp. has a 1-year low of $21.38 and a 1-year high of $37.45. The stock has a 50-day moving average of $24.25 and a 200-day moving average of $25.69. The company’s market cap is $1.541 billion.

A number of research firms have recently commented on SMTC. Analysts at Zacks upgraded shares of Semtech Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $24.80 price target on the stock. On the ratings front, analysts at TheStreet downgraded shares of Semtech Corp. from a “hold” rating to a “sell” rating in a research note on Monday, March 10th. Finally, analysts at B. Riley upgraded shares of Semtech Corp. from a “sell” rating to a “neutral” rating in a research note on Monday, February 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $31.98.

In other Semtech Corp. news, CEO Mohan Maheswaran sold 2,500 shares of the stock on the open market in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $22.50, for a total value of $56,250.00. Following the completion of the transaction, the chief executive officer now directly owns 166,485 shares of the company’s stock, valued at approximately $3,745,913. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Semtech Corporation (NASDAQ:SMTC) is a supplier of analog and mixed-signal semiconductor products.

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