B. Riley Issues Optimistic Estimate for Semtech Earnings

Semtech Co. (NASDAQ:SMTC) – Equities research analysts at B. Riley upped their Q1 2026 earnings per share estimates for shares of Semtech in a research report issued to clients and investors on Monday, February 10th. B. Riley analyst C. Ellis now anticipates that the semiconductor company will post earnings of $0.19 per share for the quarter, up from their previous forecast of $0.16. B. Riley has a “Buy” rating and a $85.00 price objective on the stock. B. Riley also issued estimates for Semtech’s FY2026 earnings at $0.94 EPS.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings data on Monday, November 25th. The semiconductor company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The company had revenue of $236.80 million for the quarter, compared to analyst estimates of $232.89 million. During the same period in the prior year, the firm posted $0.02 earnings per share. The business’s quarterly revenue was up 17.9% compared to the same quarter last year.

SMTC has been the subject of a number of other reports. Susquehanna boosted their price objective on Semtech from $55.00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday, November 21st. Roth Mkm boosted 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. Needham & Company LLC decreased their target price on Semtech from $74.00 to $54.00 and set a “buy” rating for the company in a research note on Monday. Piper Sandler restated an “overweight” rating and set a $55.00 target price (down previously from $75.00) on shares of Semtech in a research note on Monday. Finally, Stifel Nicolaus decreased their target price on Semtech from $75.00 to $70.00 and set a “buy” rating for the company in a research note on Monday. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $67.91.

Semtech Stock Performance

Shares of Semtech stock opened at $36.65 on Wednesday. Semtech has a one year low of $19.12 and a one year high of $79.52. The company has a market cap of $2.77 billion, a PE ratio of -2.81, a P/E/G ratio of 2.98 and a beta of 1.64. The business has a 50-day simple moving average of $64.12 and a 200-day simple moving average of $50.75.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Huntington National Bank increased its holdings in shares of Semtech by 105.2% in the third quarter. Huntington National Bank now owns 589 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 302 shares during the period. GAMMA Investing LLC increased its holdings in shares of Semtech by 15.3% in the fourth quarter. GAMMA Investing LLC now owns 3,166 shares of the semiconductor company’s stock valued at $196,000 after purchasing an additional 421 shares during the period. Hanseatic Management Services Inc. grew its holdings in Semtech by 3.2% during the third quarter. Hanseatic Management Services Inc. now owns 14,406 shares of the semiconductor company’s stock worth $658,000 after acquiring an additional 447 shares during the period. Hollencrest Capital Management acquired a new position in Semtech during the fourth quarter worth $31,000. Finally, Smartleaf Asset Management LLC grew its holdings in Semtech by 190.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 770 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 505 shares during the period.

Insider Buying and Selling at Semtech

In other news, SVP Imran Sherazi sold 1,338 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $75.00, for a total value of $100,350.00. Following the transaction, the senior vice president now owns 14 shares of the company’s stock, valued at approximately $1,050. The trade was a 98.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Asaf Silberstein sold 2,000 shares of the business’s stock in a transaction that occurred on 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 approximately $5,349,190. The trade was a 2.55 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,747 shares of company stock worth $1,095,061. 0.60% of the stock is owned by insiders.

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.