Equities research analysts expect that Semtech Co. (NASDAQ:SMTC) will report earnings of $0.46 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Semtech’s earnings, with estimates ranging from $0.45 to $0.47. Semtech posted earnings of $0.44 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 4.5%. The company is scheduled to announce its next quarterly earnings results on Wednesday, May 30th.
On average, analysts expect that Semtech will report full year earnings of $2.22 per share for the current financial year, with EPS estimates ranging from $2.10 to $2.40. For the next fiscal year, analysts anticipate that the business will post earnings of $2.62 per share, with EPS estimates ranging from $2.50 to $3.00. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Semtech.
Semtech (NASDAQ:SMTC) last issued its quarterly earnings data on Wednesday, March 14th. The semiconductor company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.01. Semtech had a net margin of 6.20% and a return on equity of 13.34%. The business had revenue of $142.11 million during the quarter, compared to analysts’ expectations of $140.49 million. During the same period last year, the company posted $0.37 EPS. The company’s revenue was up .2% on a year-over-year basis.
In other news, VP Simon A. Brown sold 2,000 shares of the business’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $39.36, for a total transaction of $78,720.00. Following the completion of the sale, the vice president now directly owns 16,142 shares of the company’s stock, valued at approximately $635,349.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mohan Maheswaran sold 22,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $32.63, for a total transaction of $717,860.00. Following the sale, the insider now directly owns 196,872 shares of the company’s stock, valued at $6,423,933.36. The disclosure for this sale can be found here. Insiders sold a total of 137,939 shares of company stock valued at $4,873,734 over the last ninety days. 2.20% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in shares of Semtech during the 3rd quarter valued at $133,000. Teacher Retirement System of Texas purchased a new stake in shares of Semtech during the 3rd quarter valued at $204,000. Stifel Financial Corp purchased a new stake in shares of Semtech during the 3rd quarter valued at $209,000. Elkfork Partners LLC purchased a new stake in shares of Semtech during the 4th quarter valued at $215,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of Semtech during the 4th quarter valued at $215,000. 97.64% of the stock is owned by institutional investors.
Semtech stock opened at $41.10 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.09 and a current ratio of 3.65. Semtech has a 12 month low of $31.30 and a 12 month high of $41.95. The firm has a market cap of $2,747.24, a P/E ratio of 32.09, a PEG ratio of 7.20 and a beta of 1.41.
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Semtech Corporation is a supplier of analog and mixed-signal semiconductor products. The Company designs, develops and markets a range of products for commercial applications, which are sold into the enterprise computing, communications, consumer and industrial end-markets. Its product lines include Signal Integrity, Protection, Wireless and Sensing, and Power and High-Reliability.
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