Roth Capital Comments on Semtech’s Q3 Earnings (NASDAQ:SMTC)

Semtech Co. (NASDAQ:SMTC) – Roth Capital lowered their Q3 2026 EPS estimates for shares of Semtech in a note issued to investors 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 prior forecast of $0.44. Roth Capital also issued estimates for Semtech’s Q4 2026 earnings at $0.37 EPS.

Several other equities research analysts have also commented on SMTC. Stifel Nicolaus reduced their price target on shares of Semtech from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Monday. Benchmark increased their price objective on shares of Semtech from $56.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. B. Riley increased their price objective on shares of Semtech from $61.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Needham & Company LLC lowered their target price on Semtech from $74.00 to $54.00 and set a “buy” rating for the company in a research report on Monday. Finally, 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 research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Semtech presently has a consensus rating of “Moderate Buy” and an average price target of $67.91.

Semtech Stock Performance

SMTC opened at $36.65 on Tuesday. Semtech has a 52-week low of $19.12 and a 52-week high of $79.52. The stock has a market capitalization of $2.77 billion, a P/E ratio of -2.81, a P/E/G ratio of 2.98 and a beta of 1.64. The company’s 50-day simple moving average is $64.12 and its two-hundred day simple moving average is $50.75.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings results 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 firm had revenue of $236.80 million during the quarter, compared to the consensus estimate of $232.89 million. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.02 EPS.

Insiders Place Their Bets

In other news, SVP Imran Sherazi sold 2,946 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $63.30, for a total transaction of $186,481.80. Following the transaction, the senior vice president now owns 6,317 shares in the company, valued at approximately $399,866.10. This trade represents a 31.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Mark Lin sold 2,990 shares of the firm’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $59.45, for a total value of $177,755.50. Following the transaction, the chief financial officer now owns 5,446 shares in the company, valued at approximately $323,764.70. This represents a 35.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,747 shares of company stock worth $1,095,061 over the last quarter. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Semtech

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Semtech by 13.0% during the fourth 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. Disciplined Growth Investors Inc. MN grew its stake in Semtech by 4.6% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,609,984 shares of the semiconductor company’s stock valued at $119,172,000 after purchasing an additional 114,999 shares during the last quarter. Wellington Management Group LLP grew its stake in Semtech by 827.0% in the fourth quarter. Wellington Management Group LLP now owns 2,143,081 shares of the semiconductor company’s stock valued at $132,550,000 after purchasing an additional 1,911,890 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Semtech by 12.2% in the fourth quarter. Geode Capital Management LLC now owns 1,815,515 shares of the semiconductor company’s stock worth $112,317,000 after acquiring an additional 197,732 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Semtech by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,061,871 shares of the semiconductor company’s stock worth $65,677,000 after acquiring an additional 3,991 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.