What is Northland Capmk’s Forecast for Semtech Q1 Earnings?

Semtech Co. (NASDAQ:SMTC) – Stock analysts at Northland Capmk issued their Q1 2027 earnings per share estimates for Semtech in a research report issued to clients and investors on Friday, March 14th. Northland Capmk analyst G. Richard expects that the semiconductor company will post earnings per share of $0.28 for the quarter. The consensus estimate for Semtech’s current full-year earnings is ($0.02) per share. Northland Capmk also issued estimates for Semtech’s Q2 2027 earnings at $0.39 EPS.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings results on Thursday, March 13th. The semiconductor company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.32 by $0.08. The business had revenue of $251.00 million for the quarter, compared to analyst estimates of $249.40 million. During the same quarter in the prior year, the firm earned ($0.06) EPS. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year.

A number of other equities research analysts also recently commented on SMTC. 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 report on Friday, February 7th. Northland Securities upped 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. B. Riley lifted their price objective on shares of Semtech from $61.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Craig Hallum lowered their target price on shares of Semtech from $70.00 to $55.00 and set a “buy” rating for the company in a research note on Friday. Finally, Roth Mkm increased their target price on shares of Semtech from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.55.

Semtech Stock Performance

Shares of Semtech stock opened at $39.60 on Monday. The firm has a fifty day moving average of $51.73 and a two-hundred day moving average of $51.29. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of -3.03, a PEG ratio of 2.12 and a beta of 1.69. Semtech has a 52 week low of $21.56 and a 52 week high of $79.52.

Institutional Investors Weigh In On Semtech

Several hedge funds have recently bought and sold shares of SMTC. Huntington National Bank grew its holdings in Semtech by 105.2% in the 3rd quarter. Huntington National Bank now owns 589 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 302 shares in the last quarter. Hollencrest Capital Management acquired a new stake in Semtech during the fourth quarter worth approximately $31,000. Dunhill Financial LLC acquired a new stake in shares of Semtech during the 4th quarter worth $31,000. Smartleaf Asset Management LLC increased its position in shares of Semtech by 190.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 770 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 505 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new position in Semtech in the fourth quarter valued at about $52,000.

Insider Buying and Selling

In related news, CFO Mark Lin sold 10,890 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $34.68, for a total transaction of $377,665.20. Following the sale, the chief financial officer now owns 11,625 shares in the company, valued at approximately $403,155. This represents a 48.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Imran Sherazi sold 2,946 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $63.30, for a total value of $186,481.80. Following the sale, the senior vice president now owns 6,317 shares in the company, valued at approximately $399,866.10. This represents a 31.80 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,637 shares of company stock valued at $1,472,726. Company insiders own 0.60% of the company’s stock.

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.