Equities research analysts predict that Semtech Co. (NASDAQ:SMTC) will announce sales of $159.82 million for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Semtech’s earnings, with estimates ranging from $159.00 million to $161.22 million. Semtech reported sales of $140.61 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.7%. The company is scheduled to report its next earnings report on Wednesday, March 13th.

According to Zacks, analysts expect that Semtech will report full-year sales of $645.48 million for the current fiscal year, with estimates ranging from $627.19 million to $649.91 million. For the next financial year, analysts expect that the company will post sales of $682.50 million, with estimates ranging from $670.00 million to $701.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Semtech.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings data on Wednesday, November 28th. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. Semtech had a net margin of 7.97% and a return on equity of 14.23%. The business had revenue of $173.60 million during the quarter, compared to analyst estimates of $173.06 million. During the same period last year, the firm posted $0.54 EPS. The company’s revenue was up 15.5% on a year-over-year basis.

A number of research analysts recently weighed in on SMTC shares. ValuEngine lowered shares of Semtech from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 24th. Roth Capital set a $62.00 price target on Semtech and gave the stock a “buy” rating in a research report on Thursday, November 29th. B. Riley restated a “buy” rating and issued a $61.00 price target (up from $58.00) on shares of Semtech in a research report on Thursday, November 29th. BidaskClub upgraded Semtech from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. Finally, Zacks Investment Research restated a “hold” rating on shares of Semtech in a research report on Thursday, November 15th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $59.82.

In other news, SVP James Jungsup Kim sold 2,500 shares of the firm’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $52.00, for a total transaction of $130,000.00. Following the transaction, the senior vice president now owns 41,225 shares in the company, valued at $2,143,700. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Emeka Chukwu sold 1,100 shares of the firm’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $51.00, for a total value of $56,100.00. Following the transaction, the chief financial officer now owns 84,930 shares in the company, valued at approximately $4,331,430. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 169,040 shares of company stock valued at $8,343,343. Corporate insiders own 2.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Loomis Sayles & Co. L P grew its stake in shares of Semtech by 38.6% during the third quarter. Loomis Sayles & Co. L P now owns 341,680 shares of the semiconductor company’s stock worth $18,998,000 after acquiring an additional 95,118 shares during the last quarter. BlackRock Inc. increased its position in shares of Semtech by 4.0% during the third quarter. BlackRock Inc. now owns 9,497,991 shares of the semiconductor company’s stock worth $528,088,000 after purchasing an additional 363,609 shares in the last quarter. Riverhead Capital Management LLC increased its position in shares of Semtech by 29.1% during the third quarter. Riverhead Capital Management LLC now owns 9,323 shares of the semiconductor company’s stock worth $518,000 after purchasing an additional 2,100 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Semtech by 942,042.9% during the third quarter. Clearbridge Investments LLC now owns 263,800 shares of the semiconductor company’s stock worth $14,667,000 after purchasing an additional 263,772 shares in the last quarter. Finally, Emerald Advisers Inc. PA purchased a new stake in shares of Semtech during the third quarter worth approximately $18,175,000. Hedge funds and other institutional investors own 98.95% of the company’s stock.

Shares of SMTC stock traded up $0.42 on Friday, reaching $49.94. The company’s stock had a trading volume of 14,148 shares, compared to its average volume of 505,722. Semtech has a 1 year low of $31.30 and a 1 year high of $60.55. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.53 and a current ratio of 4.03. The firm has a market cap of $3.26 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 2.21 and a beta of 1.65.

Semtech Company Profile

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. The company provides signal integrity products, including a portfolio of optical data communications and video transport products used in various enterprise computing, industrial, communications, and high-end consumer applications; and a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications.

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