B. Riley Has Optimistic Outlook of Semtech Q1 Earnings

Semtech Co. (NASDAQ:SMTC) – Equities researchers at B. Riley increased their Q1 2026 earnings per share estimates for shares of Semtech in a research note issued to investors on Monday, February 10th. B. Riley analyst C. Ellis now forecasts that the semiconductor company will post earnings per share of $0.19 for the quarter, up from their prior estimate of $0.16. B. Riley currently 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.

Several other equities research analysts also recently weighed in on the company. Roth Mkm raised their price objective on Semtech from $50.00 to $60.00 and gave the company a “buy” rating in a report on Monday, November 25th. UBS Group began coverage on Semtech in a research report on Friday, January 17th. They set a “buy” rating and a $85.00 target price for the company. Stifel Nicolaus lowered their target price on Semtech from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Monday. Northland Securities raised their target price on Semtech from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, Benchmark raised their target price on Semtech from $56.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Semtech has an average rating of “Moderate Buy” and an average target price of $67.91.

Semtech Stock Up 0.2 %

NASDAQ SMTC opened at $36.73 on Wednesday. Semtech has a twelve month low of $19.20 and a twelve month high of $79.52. The company has a market cap of $2.78 billion, a price-to-earnings ratio of -2.81, a price-to-earnings-growth ratio of 2.98 and a beta of 1.64. The business’s fifty day moving average is $63.55 and its 200 day moving average is $50.65.

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

Insider Transactions at Semtech

In related news, SVP Imran Sherazi sold 2,946 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $63.30, for a total value of $186,481.80. Following the completion of the sale, the senior vice president now directly owns 6,317 shares of the company’s stock, valued at $399,866.10. The trade was a 31.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mark Lin sold 1,359 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $65.15, for a total value of $88,538.85. Following the completion of the sale, the chief financial officer now directly owns 4,164 shares of the company’s stock, valued at $271,284.60. The trade was a 24.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,747 shares of company stock valued at $1,095,061. Corporate insiders own 0.60% of the company’s stock.

Institutional Trading of Semtech

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank increased its position in Semtech by 105.2% in the 3rd quarter. Huntington National Bank now owns 589 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 302 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Semtech by 27.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,567 shares of the semiconductor company’s stock valued at $97,000 after purchasing an additional 337 shares during the last quarter. GAMMA Investing LLC boosted its stake in Semtech by 15.3% during the 4th 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 last quarter. Hanseatic Management Services Inc. boosted its stake in Semtech by 3.2% during the 3rd quarter. Hanseatic Management Services Inc. now owns 14,406 shares of the semiconductor company’s stock valued at $658,000 after purchasing an additional 447 shares during the last quarter. Finally, Hollencrest Capital Management acquired a new position in Semtech during the 4th quarter valued at about $31,000.

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.