Brokerages expect that Semtech Co. (NASDAQ:SMTC) will announce earnings of $0.39 per share for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Semtech’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.36. Semtech posted earnings of $0.63 per share during the same quarter last year, which would indicate a negative year over year growth rate of 38.1%. The company is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, December 4th.

On average, analysts expect that Semtech will report full year earnings of $1.47 per share for the current year, with EPS estimates ranging from $1.44 to $1.50. For the next year, analysts expect that the business will post earnings of $1.72 per share, with EPS estimates ranging from $1.59 to $1.82. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Semtech.

SMTC has been the subject of a number of research analyst reports. ValuEngine raised Semtech from a “buy” rating to a “strong-buy” rating in a report on Friday, November 29th. BidaskClub cut shares of Semtech from a “hold” rating to a “sell” rating in a research report on Saturday, November 23rd. Wells Fargo & Co restated an “outperformer” rating and issued a $60.00 price objective (down previously from $65.00) on shares of Semtech in a research note on Thursday, August 29th. Piper Jaffray Companies raised their price objective on Semtech from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, September 26th. Finally, Robert W. Baird set a $45.00 target price on Semtech and gave the stock a “buy” rating in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $48.64.

NASDAQ SMTC opened at $45.74 on Friday. The company has a quick ratio of 3.42, a current ratio of 4.10 and a debt-to-equity ratio of 0.27. Semtech has a 52 week low of $39.54 and a 52 week high of $57.96. The stock has a market capitalization of $3.22 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 3.92 and a beta of 1.91. The firm has a 50 day moving average of $50.65 and a two-hundred day moving average of $47.57.

In other Semtech news, Director Sylvia Summers sold 6,487 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $46.31, for a total transaction of $300,412.97. Following the sale, the director now owns 20,000 shares in the company, valued at approximately $926,200. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Mark C. Costello sold 8,951 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $46.80, for a total transaction of $418,906.80. Following the sale, the vice president now owns 3,090 shares in the company, valued at approximately $144,612. The disclosure for this sale can be found here. Insiders have sold a total of 25,717 shares of company stock valued at $1,262,791 in the last ninety days. Insiders own 1.96% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Metropolitan Life Insurance Co NY boosted its holdings in shares of Semtech by 0.7% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 38,193 shares of the semiconductor company’s stock valued at $1,857,000 after purchasing an additional 260 shares during the last quarter. Man Group plc grew its stake in shares of Semtech by 180.9% in the 3rd quarter. Man Group plc now owns 88,441 shares of the semiconductor company’s stock worth $4,300,000 after buying an additional 56,960 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Semtech by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 102,707 shares of the semiconductor company’s stock worth $4,993,000 after buying an additional 1,227 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Semtech by 9.5% in the 3rd quarter. Stifel Financial Corp now owns 21,980 shares of the semiconductor company’s stock worth $1,073,000 after buying an additional 1,902 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its holdings in shares of Semtech by 46.2% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 141,128 shares of the semiconductor company’s stock worth $6,860,000 after buying an additional 44,615 shares during the last quarter. 96.22% of the stock is currently owned by institutional investors and hedge funds.

About Semtech

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, and communications 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.

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