Roth Capital Has Strong Estimate for Semtech FY2025 Earnings

Semtech Co. (NASDAQ:SMTC) – Analysts at Roth Capital upped their FY2025 earnings estimates for shares of Semtech in a report issued on Monday, November 25th. Roth Capital analyst S. Searle now expects that the semiconductor company will post earnings per share of $0.02 for the year, up from their previous forecast of ($0.01). The consensus estimate for Semtech’s current full-year earnings is ($0.07) per share.

Other equities research analysts also recently issued research reports about the stock. Susquehanna lifted their price target on shares of Semtech from $55.00 to $60.00 and gave the stock a “positive” rating in a research note on Thursday, November 21st. Northland Securities lifted their target price on shares of Semtech from $46.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday. Roth Mkm increased their price target on shares of Semtech from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price objective (up from $50.00) on shares of Semtech in a report on Tuesday. Finally, Craig Hallum upped their price objective on Semtech from $48.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.70.

Semtech Trading Up 1.7 %

SMTC opened at $64.20 on Thursday. The stock’s 50 day simple moving average is $46.24 and its 200-day simple moving average is $39.12. The stock has a market cap of $4.83 billion, a PE ratio of -4.92 and a beta of 1.54. Semtech has a 1 year low of $15.63 and a 1 year high of $66.64.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings results on Monday, November 25th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03. Semtech had a negative return on equity of 154.99% and a negative net margin of 99.08%. The firm had revenue of $236.80 million for the quarter, compared to analyst estimates of $232.89 million. During the same period in the previous year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 17.9% compared to the same quarter last year.

Institutional Investors Weigh In On Semtech

A number of hedge funds and other institutional investors have recently bought and sold shares of SMTC. Disciplined Growth Investors Inc. MN grew its holdings in shares of Semtech by 343.3% during the second quarter. Disciplined Growth Investors Inc. MN now owns 2,494,985 shares of the semiconductor company’s stock worth $74,550,000 after purchasing an additional 1,932,116 shares during the last quarter. Driehaus Capital Management LLC bought a new position in shares of Semtech in the second quarter valued at about $43,395,000. Millennium Management LLC lifted its position in Semtech by 26.6% during the 2nd quarter. Millennium Management LLC now owns 3,646,449 shares of the semiconductor company’s stock worth $108,956,000 after buying an additional 765,877 shares in the last quarter. Whale Rock Capital Management LLC bought a new stake in Semtech during the 3rd quarter worth about $32,126,000. Finally, Clearline Capital LP increased its position in Semtech by 143.1% in the 2nd quarter. Clearline Capital LP now owns 899,021 shares of the semiconductor company’s stock valued at $26,863,000 after acquiring an additional 529,194 shares in the last quarter.

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.