Equities analysts expect Semtech Co. (NASDAQ:SMTC) to announce earnings of $0.41 per share for the current quarter, Zacks reports. Five analysts have made estimates for Semtech’s earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.39. Semtech reported earnings per share of $0.37 in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.8%. The business is expected to issue its next quarterly earnings report on Wednesday, March 14th.

On average, analysts expect that Semtech will report full-year earnings of $1.87 per share for the current year, with EPS estimates ranging from $1.85 to $1.88. For the next year, analysts anticipate that the firm will post earnings of $2.20 per share, with EPS estimates ranging from $2.04 to $2.45. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Semtech.

Semtech (NASDAQ:SMTC) last released its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.04. The business had revenue of $156.60 million during the quarter, compared to analyst estimates of $155.69 million. Semtech had a return on equity of 12.13% and a net margin of 7.79%. Semtech’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 EPS.

A number of equities research analysts recently commented on SMTC shares. Oppenheimer reissued a “buy” rating and issued a $42.00 price target on shares of Semtech in a research report on Sunday, November 19th. Zacks Investment Research raised Semtech from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. BWS Financial initiated coverage on Semtech in a research report on Monday, November 20th. They set a “buy” rating and a $49.00 target price for the company. B. Riley reaffirmed a “buy” rating and set a $46.00 target price (down from $48.00) on shares of Semtech in a research report on Monday, November 27th. Finally, Needham & Company LLC initiated coverage on Semtech in a research report on Monday, December 11th. They set a “buy” rating and a $42.00 target price for the company. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. Semtech currently has an average rating of “Buy” and a consensus price target of $41.90.

Semtech (NASDAQ SMTC) traded up $0.05 during midday trading on Wednesday, reaching $36.55. The company had a trading volume of 717,700 shares, compared to its average volume of 654,547. The stock has a market cap of $2,430.00, a price-to-earnings ratio of 53.75, a P/E/G ratio of 5.88 and a beta of 1.41. Semtech has a twelve month low of $31.50 and a twelve month high of $41.95. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.80 and a quick ratio of 3.20.

In other news, SVP Asaf Silberstein sold 1,100 shares of the stock in a transaction on Friday, October 13th. The stock was sold at an average price of $40.28, for a total transaction of $44,308.00. Following the completion of the transaction, the senior vice president now owns 29,900 shares in the company, valued at approximately $1,204,372. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mohan Maheswaran sold 2,500 shares of the stock in a transaction on Friday, October 13th. The stock was sold at an average price of $40.03, for a total value of $100,075.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,050 shares of company stock valued at $2,506,858. Insiders own 2.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of SMTC. Schwab Charles Investment Management Inc. grew its stake in shares of Semtech by 21.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 338,792 shares of the semiconductor company’s stock worth $12,112,000 after acquiring an additional 59,425 shares during the period. First Trust Advisors LP grew its stake in shares of Semtech by 17.5% during the 2nd quarter. First Trust Advisors LP now owns 54,562 shares of the semiconductor company’s stock worth $1,951,000 after acquiring an additional 8,122 shares during the period. Legal & General Group Plc grew its stake in shares of Semtech by 9.2% during the 2nd quarter. Legal & General Group Plc now owns 125,727 shares of the semiconductor company’s stock worth $4,497,000 after acquiring an additional 10,614 shares during the period. Federated Investors Inc. PA grew its stake in shares of Semtech by 75.0% during the 2nd quarter. Federated Investors Inc. PA now owns 24,656 shares of the semiconductor company’s stock worth $882,000 after acquiring an additional 10,569 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of Semtech by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,773 shares of the semiconductor company’s stock worth $171,000 after acquiring an additional 717 shares during the period. Institutional investors own 93.99% of the company’s stock.

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Semtech Company Profile

Semtech Corporation is a supplier of analog and mixed-signal semiconductor products. The Company designs, develops and markets a range of products for commercial applications, which are sold into the enterprise computing, communications, consumer and industrial end-markets. Its product lines include Signal Integrity, Protection, Wireless and Sensing, and Power and High-Reliability.

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