Roth Capital Issues Pessimistic Outlook for Semtech Earnings

Semtech Co. (NASDAQ:SMTC) – Investment analysts at Roth Capital cut their Q3 2026 earnings per share estimates for Semtech in a research report issued on Saturday, February 8th. Roth Capital analyst S. Searle now expects that the semiconductor company will post earnings of $0.37 per share for the quarter, down from their previous estimate of $0.44. Roth Capital also issued estimates for Semtech’s Q4 2026 earnings at $0.37 EPS.

Other equities analysts have also recently issued research reports about the company. Robert W. Baird lowered their target price on Semtech from $80.00 to $60.00 and set an “outperform” rating for the company in a report on Friday. Northland Securities raised their price objective on shares of Semtech from $60.00 to $66.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Susquehanna boosted their target price on shares of Semtech from $55.00 to $60.00 and gave the stock a “positive” rating in a report on Thursday, November 21st. B. Riley lifted their price target on shares of Semtech from $61.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Roth Mkm boosted their price objective on shares of Semtech from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Semtech currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.91.

Semtech Trading Down 31.0 %

Shares of NASDAQ:SMTC opened at $37.60 on Tuesday. Semtech has a 52-week low of $19.12 and a 52-week high of $79.52. The company has a fifty day moving average of $65.34 and a 200-day moving average of $50.80.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning raised its position in shares of Semtech by 3.4% during the second quarter. Creative Planning now owns 18,018 shares of the semiconductor company’s stock worth $538,000 after purchasing an additional 588 shares during the period. Truist Financial Corp bought a new position in shares of Semtech in the second quarter valued at $340,000. GAMMA Investing LLC grew its holdings in shares of Semtech by 76.0% during the third quarter. GAMMA Investing LLC now owns 2,745 shares of the semiconductor company’s stock valued at $125,000 after buying an additional 1,185 shares during the last quarter. CWM LLC increased its position in shares of Semtech by 33.9% during the third quarter. CWM LLC now owns 3,230 shares of the semiconductor company’s stock worth $147,000 after acquiring an additional 818 shares in the last quarter. Finally, NBC Securities Inc. raised its holdings in shares of Semtech by 115.8% in the 3rd quarter. NBC Securities Inc. now owns 1,377 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 739 shares during the last quarter.

Insider Activity

In related news, CFO Mark Lin sold 6,114 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $65.74, for a total transaction of $401,934.36. Following the transaction, the chief financial officer now directly owns 3,531 shares of the company’s stock, valued at $232,127.94. This represents a 63.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Imran Sherazi sold 2,946 shares of Semtech stock in a transaction on Thursday, December 19th. The shares were 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. This trade represents a 31.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,747 shares of company stock valued at $1,095,061 in the last ninety days. 0.60% of the stock is owned by company insiders.

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.