Equities research analysts expect Semtech Co. (NASDAQ:SMTC) to announce earnings per share of $0.42 for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Semtech’s earnings. The highest EPS estimate is $0.42 and the lowest is $0.41. Semtech posted earnings of $0.37 per share in the same quarter last year, which indicates a positive year over year growth rate of 13.5%. The firm is scheduled to report its next earnings results on Wednesday, March 14th.

On average, analysts expect that Semtech will report full year earnings of $1.87 per share for the current year, with EPS estimates ranging from $1.86 to $1.88. For the next year, analysts anticipate that the business will report earnings of $2.27 per share, with EPS estimates ranging from $2.10 to $2.45. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Semtech.

Semtech (NASDAQ:SMTC) last announced its earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.04. Semtech had a net margin of 7.79% and a return on equity of 12.13%. The business had revenue of $156.60 million for the quarter, compared to the consensus estimate of $155.69 million. During the same quarter in the prior year, the firm posted $0.37 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis.

Several equities research analysts have recently weighed in on SMTC shares. BidaskClub downgraded shares of Semtech from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 18th. B. Riley reissued a “buy” rating and issued a $48.00 target price on shares of Semtech in a research note on Thursday, August 24th. Oppenheimer reissued a “buy” rating and issued a $42.00 target price on shares of Semtech in a research note on Sunday, August 27th. Drexel Hamilton reaffirmed a “buy” rating and issued a $45.00 price target on shares of Semtech in a research note on Thursday, August 31st. Finally, Zacks Investment Research downgraded shares of Semtech from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $43.29.

Shares of Semtech (NASDAQ:SMTC) traded up $1.05 on Thursday, hitting $33.55. 657,172 shares of the stock traded hands, compared to its average volume of 484,103. Semtech has a 1-year low of $30.60 and a 1-year high of $41.95. The stock has a market capitalization of $2,223.01, a P/E ratio of 28.88, a P/E/G ratio of 5.54 and a beta of 1.41. The company has a current ratio of 3.80, a quick ratio of 3.20 and a debt-to-equity ratio of 0.32.

In related news, Director James P. Burra sold 5,000 shares of the firm’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $37.65, for a total value of $188,250.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Mohan Maheswaran sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $37.76, for a total transaction of $94,400.00. The disclosure for this sale can be found here. Insiders sold a total of 52,723 shares of company stock worth $2,060,117 in the last ninety days. 2.10% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC increased its position in Semtech by 15.5% during the 2nd quarter. FMR LLC now owns 8,376,134 shares of the semiconductor company’s stock valued at $299,446,000 after purchasing an additional 1,124,083 shares during the period. Vanguard Group Inc. increased its position in Semtech by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 6,080,648 shares of the semiconductor company’s stock valued at $217,384,000 after purchasing an additional 75,993 shares during the period. Frontier Capital Management Co. LLC increased its position in Semtech by 21.1% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,634,349 shares of the semiconductor company’s stock valued at $94,178,000 after purchasing an additional 459,808 shares during the period. State Street Corp increased its position in Semtech by 4.8% during the 2nd quarter. State Street Corp now owns 1,902,288 shares of the semiconductor company’s stock valued at $68,013,000 after purchasing an additional 86,399 shares during the period. Finally, Macquarie Group Ltd. increased its position in Semtech by 29.7% during the 2nd quarter. Macquarie Group Ltd. now owns 1,352,123 shares of the semiconductor company’s stock valued at $48,338,000 after purchasing an additional 309,928 shares during the period. 94.23% of the stock is currently owned by institutional investors and hedge funds.

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About Semtech

Semtech Corporation is a supplier of analog and mixed-signal semiconductor products. The Company designs, develops and markets a range of products for commercial applications, which are sold into the enterprise computing, communications, consumer and industrial end-markets. Its product lines include Signal Integrity, Protection, Wireless and Sensing, and Power and High-Reliability.

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