B. Riley Issues Optimistic Estimate for Semtech Earnings

Semtech Co. (NASDAQ:SMTC) – Analysts at B. Riley increased their Q1 2026 earnings per share (EPS) estimates for Semtech in a report released on Monday, February 10th. B. Riley analyst C. Ellis now forecasts that the semiconductor company will earn $0.19 per share for the quarter, up from their prior 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.

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

Several other research firms have also weighed in on SMTC. UBS Group started coverage on Semtech in a report on Friday, January 17th. They issued a “buy” rating and a $85.00 target price on the stock. Piper Sandler reissued an “overweight” rating and issued a $55.00 target price (down previously from $75.00) on shares of Semtech in a report on Monday. Roth Mkm lifted their price objective on Semtech from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Northland Securities lifted their price objective on Semtech from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, Needham & Company LLC dropped their price objective on Semtech from $74.00 to $54.00 and set a “buy” rating for the company in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.91.

Semtech Stock Performance

Semtech stock opened at $36.65 on Wednesday. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of -2.81, a price-to-earnings-growth ratio of 2.98 and a beta of 1.64. Semtech has a fifty-two week low of $19.12 and a fifty-two week high of $79.52. The stock’s fifty day moving average is $64.12 and its two-hundred day moving average is $50.75.

Insiders Place Their Bets

In other news, CFO Mark Lin sold 2,990 shares of Semtech stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $59.45, for a total value of $177,755.50. Following the transaction, the chief financial officer now directly owns 5,446 shares of the company’s stock, valued at $323,764.70. The trade was a 35.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Asaf Silberstein sold 2,000 shares of Semtech stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $70.00, for a total value of $140,000.00. Following the completion of the transaction, the chief operating officer now directly owns 76,417 shares in the company, valued at $5,349,190. This represents a 2.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,747 shares of company stock valued at $1,095,061. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Semtech

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in shares of Semtech by 827.0% during the 4th quarter. Wellington Management Group LLP now owns 2,143,081 shares of the semiconductor company’s stock valued at $132,550,000 after buying an additional 1,911,890 shares during the period. Vanguard Group Inc. raised its holdings in shares of Semtech by 13.0% during the 4th quarter. Vanguard Group Inc. now owns 11,542,545 shares of the semiconductor company’s stock valued at $713,906,000 after buying an additional 1,326,226 shares during the period. Whale Rock Capital Management LLC purchased a new stake in shares of Semtech during the 3rd quarter valued at about $32,126,000. Victory Capital Management Inc. raised its holdings in shares of Semtech by 130.7% during the 3rd quarter. Victory Capital Management Inc. now owns 824,198 shares of the semiconductor company’s stock valued at $37,633,000 after buying an additional 466,868 shares during the period. Finally, Schroder Investment Management Group purchased a new stake in shares of Semtech during the 4th quarter valued at about $27,254,000.

About Semtech

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.