B. Riley Comments on Semtech’s Q3 Earnings (NASDAQ:SMTC)

Semtech Co. (NASDAQ:SMTC) – Equities research analysts at B. Riley reduced their Q3 2026 earnings per share estimates for shares of Semtech in a report issued on Monday, February 10th. B. Riley analyst C. Ellis now forecasts that the semiconductor company will post earnings of $0.29 per share for the quarter, down from their previous estimate of $0.30. B. Riley currently has a “Buy” rating and a $85.00 price target on the stock. B. Riley also issued estimates for Semtech’s Q4 2026 earnings at $0.26 EPS.

SMTC has been the topic of several other reports. Roth Mkm boosted their price target on shares of Semtech from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Stifel Nicolaus dropped their target price on Semtech from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Monday. Robert W. Baird reduced their price target on Semtech from $80.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Needham & Company LLC lowered their price target on Semtech from $74.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Susquehanna increased their price objective on Semtech from $55.00 to $60.00 and gave the company a “positive” rating in a report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Semtech currently has an average rating of “Moderate Buy” and a consensus price target of $67.91.

Semtech Stock Down 4.0 %

NASDAQ SMTC opened at $36.65 on Thursday. The firm’s 50 day moving average is $64.12 and its 200-day moving average is $50.75. The company has a market capitalization of $2.77 billion, a PE ratio of -2.81, a price-to-earnings-growth ratio of 2.98 and a beta of 1.64. Semtech has a 12-month low of $19.12 and a 12-month high of $79.52.

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

Institutional Investors Weigh In On Semtech

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Huntington National Bank increased its stake in Semtech by 105.2% during the 3rd quarter. Huntington National Bank now owns 589 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 302 shares during the period. Hollencrest Capital Management bought a new stake in shares of Semtech during the 4th quarter valued at $31,000. Smartleaf Asset Management LLC grew its holdings in shares of Semtech by 190.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 770 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 505 shares in the last quarter. NBC Securities Inc. increased its position 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 worth $62,000 after purchasing an additional 739 shares during the period. Finally, AlphaQuest LLC raised its stake in Semtech by 173.5% in the fourth quarter. AlphaQuest LLC now owns 1,217 shares of the semiconductor company’s stock valued at $75,000 after purchasing an additional 772 shares in the last quarter.

Insider Buying and Selling at Semtech

In other Semtech news, COO Asaf Silberstein sold 2,000 shares of Semtech stock in a transaction dated 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 sale, the chief operating officer now owns 76,417 shares in the company, valued at $5,349,190. The trade was a 2.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark Lin sold 2,990 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $59.45, for a total transaction of $177,755.50. Following the completion of the sale, the chief financial officer now directly owns 5,446 shares of the company’s stock, valued at $323,764.70. This represents a 35.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,747 shares of company stock valued at $1,095,061 in the last three months. 0.60% of the stock is currently owned by company 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.