Research Analysts Set Expectations for Semtech Q3 Earnings

Semtech Co. (NASDAQ:SMTC) – Equities research analysts at B. Riley lowered their Q3 2026 earnings per share estimates for Semtech in a report released on Monday, February 10th. B. Riley analyst C. Ellis now anticipates that the semiconductor company will earn $0.29 per share for the quarter, down from their prior estimate of $0.30. B. Riley has a “Buy” rating and a $85.00 price target on the stock. B. Riley also issued estimates for Semtech’s Q4 2026 earnings at $0.26 EPS.

SMTC has been the topic of several other reports. Susquehanna lifted their target price on shares of Semtech from $55.00 to $60.00 and gave the company a “positive” rating in a research report on Thursday, November 21st. Craig Hallum lifted their price objective on Semtech from $48.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Piper Sandler reissued an “overweight” rating and issued a $55.00 target price (down from $75.00) on shares of Semtech in a report on Monday. Northland Securities boosted their price target on Semtech from $60.00 to $66.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, Robert W. Baird dropped their price objective on Semtech from $80.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Semtech currently has a consensus rating of “Moderate Buy” and an average target price of $67.91.

Semtech Stock Down 4.0 %

Shares of SMTC opened at $36.65 on Thursday. Semtech has a 12-month low of $19.12 and a 12-month high of $79.52. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of -2.81, a P/E/G ratio of 2.98 and a beta of 1.64. The stock’s 50-day moving average price is $64.12 and its 200 day moving average price is $50.75.

Semtech (NASDAQ:SMTC) last posted its earnings results on Monday, November 25th. The semiconductor company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.03. The company had revenue of $236.80 million during the quarter, compared to analyst estimates of $232.89 million. During the same quarter last year, the firm posted $0.02 earnings per share. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year.

Insiders Place Their Bets

In other Semtech news, SVP Imran Sherazi sold 2,946 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $63.30, for a total transaction of $186,481.80. Following the completion of the sale, the senior vice president now directly owns 6,317 shares of the company’s stock, valued at approximately $399,866.10. The trade was a 31.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Mark Lin sold 2,990 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $59.45, for a total transaction of $177,755.50. Following the completion of the transaction, the chief financial officer now directly owns 5,446 shares in the company, valued at $323,764.70. This trade represents a 35.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,747 shares of company stock valued at $1,095,061. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Semtech

Several large investors have recently bought and sold shares of SMTC. Huntington National Bank grew its holdings in Semtech by 105.2% during the 3rd quarter. Huntington National Bank now owns 589 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 302 shares during the period. Hollencrest Capital Management acquired a new stake in shares of Semtech during the fourth quarter worth $31,000. Smartleaf Asset Management LLC increased its holdings in Semtech by 190.6% in 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 during the last quarter. NBC Securities Inc. lifted its stake in Semtech by 115.8% in the third quarter. NBC Securities Inc. now owns 1,377 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 739 shares during the period. Finally, AlphaQuest LLC boosted its holdings in Semtech by 173.5% during the fourth quarter. AlphaQuest LLC now owns 1,217 shares of the semiconductor company’s stock worth $75,000 after buying an additional 772 shares during the last quarter.

About Semtech

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.