Semtech (SMTC) Set to Announce Quarterly Earnings on Thursday

Semtech (NASDAQ:SMTCGet Free Report) is scheduled to be announcing its earnings results after the market closes on Thursday, March 28th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Semtech Stock Down 0.2 %

Shares of NASDAQ:SMTC opened at $22.38 on Thursday. Semtech has a 1 year low of $13.13 and a 1 year high of $33.15. The stock has a 50-day simple moving average of $20.95 and a 200-day simple moving average of $20.44. The company has a debt-to-equity ratio of 4.11, a quick ratio of 1.72 and a current ratio of 2.39. The stock has a market capitalization of $1.44 billion, a P/E ratio of -2.86, a PEG ratio of 13.14 and a beta of 1.81.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Susquehanna boosted their target price on shares of Semtech from $25.00 to $30.00 and gave the stock a “positive” rating in a research report on Thursday, March 14th. Stifel Nicolaus increased their price objective on shares of Semtech from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Needham & Company LLC decreased their target price on Semtech from $35.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, December 7th. Finally, Roth Mkm dropped their price target on Semtech from $46.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $33.10.

View Our Latest Stock Report on Semtech

Institutional Investors Weigh In On Semtech

A number of hedge funds and other institutional investors have recently made changes to their positions in SMTC. BlackRock Inc. grew its position in Semtech by 29.7% in the 1st quarter. BlackRock Inc. now owns 12,090,364 shares of the semiconductor company’s stock worth $291,861,000 after purchasing an additional 2,769,314 shares during the last quarter. Vanguard Group Inc. lifted its position in Semtech by 2.4% in the third quarter. Vanguard Group Inc. now owns 6,576,015 shares of the semiconductor company’s stock worth $193,401,000 after purchasing an additional 151,730 shares during the period. State Street Corp boosted its stake in Semtech by 16.1% during the second quarter. State Street Corp now owns 4,382,903 shares of the semiconductor company’s stock worth $111,589,000 after buying an additional 606,593 shares in the last quarter. Macquarie Group Ltd. increased its holdings in Semtech by 49.6% in the 1st quarter. Macquarie Group Ltd. now owns 2,180,522 shares of the semiconductor company’s stock valued at $52,638,000 after buying an additional 722,908 shares during the period. Finally, Morgan Stanley raised its stake in shares of Semtech by 59.3% in the 4th quarter. Morgan Stanley now owns 1,924,955 shares of the semiconductor company’s stock valued at $55,227,000 after buying an additional 716,294 shares in the last quarter.

Semtech Company Profile

(Get Free Report)

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products 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.

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Earnings History for Semtech (NASDAQ:SMTC)

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