What is Roth Capital’s Forecast for Semtech FY2025 Earnings?

Semtech Co. (NASDAQ:SMTC) – Equities research analysts at Roth Capital raised their FY2025 earnings estimates for shares of Semtech in a research note issued on Monday, November 25th. Roth Capital analyst S. Searle now forecasts that the semiconductor company will post earnings of $0.02 per share for the year, up from their previous estimate of ($0.01). The consensus estimate for Semtech’s current full-year earnings is ($0.07) per share.

Semtech (NASDAQ:SMTC) last released its quarterly earnings data on Monday, November 25th. The semiconductor company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.23 by $0.03. The business had revenue of $236.80 million for the quarter, compared to the consensus estimate of $232.89 million. Semtech had a negative net margin of 99.08% and a negative return on equity of 154.99%. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 EPS.

Other analysts also recently issued reports about the stock. Stifel Nicolaus increased their price target on shares of Semtech from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday. Northland Securities upped their price objective on shares of Semtech from $46.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday. Roth Mkm upped their price objective on shares of Semtech from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday. Craig Hallum upped their price objective on shares of Semtech from $48.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Susquehanna upped their price objective on shares of Semtech from $55.00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Semtech currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.70.

Semtech Stock Performance

Shares of NASDAQ SMTC opened at $64.20 on Thursday. The company’s fifty day moving average price is $46.64 and its 200 day moving average price is $39.30. Semtech has a 1 year low of $15.63 and a 1 year high of $66.64. The company has a market capitalization of $4.83 billion, a PE ratio of -4.74 and a beta of 1.54.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SMTC. Huntington National Bank boosted its stake in Semtech by 105.2% during the third quarter. Huntington National Bank now owns 589 shares of the semiconductor company’s stock worth $27,000 after buying an additional 302 shares during the period. Ridgewood Investments LLC purchased a new position in shares of Semtech in the second quarter valued at approximately $44,000. Canada Pension Plan Investment Board purchased a new position in shares of Semtech in the second quarter valued at approximately $60,000. NBC Securities Inc. boosted its stake in shares of Semtech by 115.8% in the third quarter. NBC Securities Inc. now owns 1,377 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 739 shares during the period. Finally, Quarry LP purchased a new position in shares of Semtech in the second quarter valued at approximately $63,000.

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.