Analysts See $0.25 EPS for Semtech Corporation (SMTC)

August 13, 2018 - By Jenna Rose

Semtech Corporation (NASDAQ:SMTC) LogoInvestors sentiment increased to 1.21 in 2018 Q1. Its up 0.10, from 1.11 in 2017Q4. It improved, as 19 investors sold Semtech Corporation shares while 61 reduced holdings. 31 funds opened positions while 66 raised stakes. 62.89 million shares or 0.83% less from 63.42 million shares in 2017Q4 were reported.
Svcs Automobile Association stated it has 11,971 shares. Shelton Cap owns 6,412 shares. Shell Asset Mgmt has 18,670 shares for 0.01% of their portfolio. State Board Of Administration Of Florida Retirement Systems has invested 0% of its portfolio in Semtech Corporation (NASDAQ:SMTC). Jennison Assocs Llc holds 0% or 33,776 shares in its portfolio. Employees Retirement Association Of Colorado invested 0% of its portfolio in Semtech Corporation (NASDAQ:SMTC). Sei Com holds 0% or 10,990 shares in its portfolio. Aqr Capital Mgmt Lc invested in 0% or 100,041 shares. Cipher Limited Partnership has 29,547 shares for 0.14% of their portfolio. Stephens Inv Mngmt Grp Inc Lc stated it has 1.21 million shares or 1.03% of all its holdings. 518,342 were reported by Fisher Asset Management Ltd Company. Paradigm Capital Management has 0.04% invested in Semtech Corporation (NASDAQ:SMTC) for 11,000 shares. Credit Suisse Ag holds 102,747 shares or 0% of its portfolio. Vanguard Gp holds 0.01% of its portfolio in Semtech Corporation (NASDAQ:SMTC) for 6.47M shares. Piermont Management holds 0.16% of its portfolio in Semtech Corporation (NASDAQ:SMTC) for 12,430 shares.

Since February 15, 2018, it had 0 buys, and 43 sales for $20.11 million activity. 10,000 shares were sold by ANTLE GLEN M, worth $388,063 on Wednesday, March 28. $86,738 worth of Semtech Corporation (NASDAQ:SMTC) was sold by Ammann Charles B.. Another trade for 2,500 shares valued at $122,017 was made by LINDSTROM JAMES T on Wednesday, July 11. Silberstein Asaf sold 21,740 shares worth $1.09 million. $82,330 worth of Semtech Corporation (NASDAQ:SMTC) was sold by MAHESWARAN MOHAN on Thursday, February 15. Shares for $86,413 were sold by Pegulu Marc.

Analysts expect Semtech Corporation (NASDAQ:SMTC) to report $0.25 EPS on August, 29.They anticipate $0.04 EPS change or 13.79 % from last quarter’s $0.29 EPS. SMTC’s profit would be $16.55M giving it 49.90 P/E if the $0.25 EPS is correct. After having $0.18 EPS previously, Semtech Corporation’s analysts see 38.89 % EPS growth. The stock decreased 2.82% or $1.45 during the last trading session, reaching $49.9. About 263,774 shares traded. Semtech Corporation (NASDAQ:SMTC) has risen 23.02% since August 13, 2017 and is uptrending. It has outperformed by 10.45% the S&P500.

Semtech Corporation (NASDAQ:SMTC) Ratings Coverage

Among 10 analysts covering Semtech (NASDAQ:SMTC), 10 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Semtech had 19 analyst reports since March 14, 2018 according to SRatingsIntel. The stock of Semtech Corporation (NASDAQ:SMTC) has “Buy” rating given on Thursday, March 15 by Roth Capital. On Thursday, May 31 the stock rating was maintained by Drexel Hamilton with “Buy”. The stock of Semtech Corporation (NASDAQ:SMTC) earned “Buy” rating by Drexel Hamilton on Wednesday, March 14. Oppenheimer maintained the stock with “Outperform” rating in Thursday, June 21 report. The stock of Semtech Corporation (NASDAQ:SMTC) has “Buy” rating given on Monday, May 21 by FBR Capital. Piper Jaffray maintained the stock with “Buy” rating in Thursday, April 12 report. The rating was maintained by FBR Capital on Thursday, May 31 with “Buy”. The firm has “Hold” rating by Piper Jaffray given on Wednesday, March 14. As per Thursday, June 21, the company rating was maintained by Needham. PiperJaffray upgraded the stock to “Overweight” rating in Wednesday, April 4 report.

Semtech Corporation designs, develops, makes, and markets analog and mixed-signal semiconductor products. The company has market cap of $3.30 billion. The firm provides signal integrity products, including a portfolio of optical communications, broadcast video, and backplane products used in various enterprise computing, industrial, communications, and high-end consumer applications; and a portfolio of integrated circuits for optical transceivers, backplane, and high-speed interface applications. It has a 92.24 P/E ratio. It also offers protection products, such as filter and termination devices that are integrated with the transient voltage suppressor devices, which protect electronic systems from voltage spikes; and wireless and sensing products comprising a portfolio of specialized radio frequency products used in various industrial, medical, and communications applications, as well as specialized sensing products used in industrial and consumer applications.

More news for Semtech Corporation (NASDAQ:SMTC) were recently published by: Businesswire.com, which released: “Semtech Announces Settlement of Lawsuit against HiLight and Related Defendants” on August 01, 2018. Seekingalpha.com‘s article titled: “Semtech: Multiple Revenue Drivers In Place” and published on July 18, 2018 is yet another important article.

Semtech Corporation (NASDAQ:SMTC) Institutional Positions Chart

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