Share on StockTwits

Semtech Corp. (NASDAQ:SMTC) will issue its Q215 earnings results on Wednesday, August 20th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $142.20 million for the quarter. Semtech Corp. has set its Q2 guidance at $0.36-0.42 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Semtech Corp. (NASDAQ:SMTC) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.30 by $0.02. The company had revenue of $132.90 million for the quarter, compared to the consensus estimate of $130.27 million. During the same quarter last year, the company posted $0.46 earnings per share. Semtech Corp.’s revenue was down 18.2% compared to the same quarter last year. On average, analysts expect Semtech Corp. to post $1.61 EPS for the current fiscal year and $1.96 EPS for the next fiscal year.

Semtech Corp. (NASDAQ:SMTC) opened at 23.695 on Tuesday. Semtech Corp. has a 52 week low of $21.38 and a 52 week high of $32.72. The stock’s 50-day moving average is $23.98 and its 200-day moving average is $24.66. The company’s market cap is $1.594 billion.

SMTC has been the subject of a number of recent research reports. Analysts at Raymond James upgraded shares of Semtech Corp. from an “outperform” rating to a “strong-buy” rating in a research note on Monday, July 28th. They now have a $29.00 price target on the stock. Analysts at RBC Capital raised their price target on shares of Semtech Corp. from $30.00 to $31.00 in a research note on Thursday, May 22nd. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $33.14.

In other Semtech Corp. news, CEO Mohan Maheswaran sold 4,400 shares of the stock on the open market in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $23.02, for a total value of $101,288.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

Receive News & Ratings for Semtech Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Semtech Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.