B. Riley Comments on Semtech’s Q1 Earnings (NASDAQ:SMTC)

Semtech Co. (NASDAQ:SMTC) – Investment analysts at B. Riley raised their Q1 2026 EPS estimates for Semtech in a report issued on Monday, February 10th. B. Riley analyst C. Ellis now anticipates that the semiconductor company will post earnings of $0.19 per share for the quarter, up from their previous forecast of $0.16. B. Riley has a “Buy” rating and a $85.00 price target on the stock. B. Riley also issued estimates for Semtech’s FY2026 earnings at $0.94 EPS.

SMTC has been the topic of several other reports. Susquehanna upped their price target on Semtech from $55.00 to $60.00 and gave the stock a “positive” rating in a research note on Thursday, November 21st. Robert W. Baird reduced their target price on shares of Semtech from $80.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Northland Securities boosted their price objective on shares of Semtech from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Stifel Nicolaus cut their price objective on shares of Semtech from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Monday. Finally, UBS Group assumed coverage on shares of Semtech in a report on Friday, January 17th. They set a “buy” rating and a $85.00 target price for the company. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.91.

Semtech Stock Performance

SMTC stock opened at $38.18 on Wednesday. Semtech has a fifty-two week low of $19.12 and a fifty-two week high of $79.52. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of -2.93, a price-to-earnings-growth ratio of 2.98 and a beta of 1.64. The business’s 50 day moving average price is $64.77 and its two-hundred day moving average price is $50.85.

Semtech (NASDAQ:SMTC) last announced its earnings results on Monday, November 25th. The semiconductor company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. The company had revenue of $236.80 million for the quarter, compared to the consensus estimate of $232.89 million. During the same period in the previous year, the firm posted $0.02 EPS. The company’s revenue for the quarter was up 17.9% on a year-over-year basis.

Insider Activity

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 in the company, valued at $399,866.10. The trade was a 31.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark Lin sold 6,114 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.74, for a total transaction of $401,934.36. Following the sale, the chief financial officer now directly owns 3,531 shares of the company’s stock, valued at $232,127.94. The trade was a 63.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,747 shares of company stock valued at $1,095,061 over the last ninety days. 0.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Semtech

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Huntington National Bank boosted its stake in shares of 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 last quarter. GAMMA Investing LLC lifted its position in Semtech by 15.3% during the fourth quarter. GAMMA Investing LLC now owns 3,166 shares of the semiconductor company’s stock valued at $196,000 after purchasing an additional 421 shares in the last quarter. Hanseatic Management Services Inc. grew its holdings in Semtech by 3.2% during the third quarter. Hanseatic Management Services Inc. now owns 14,406 shares of the semiconductor company’s stock valued at $658,000 after purchasing an additional 447 shares during the period. Hollencrest Capital Management purchased a new stake in Semtech in the fourth quarter worth about $31,000. Finally, Smartleaf Asset Management LLC raised its stake 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 buying an additional 505 shares during the period.

Semtech Company Profile

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.