Analysts See $0.20 EPS for Semtech Corporation (SMTC)

May 17, 2018 - By Robert Sims

Semtech Corporation (NASDAQ:SMTC) LogoInvestors sentiment increased to 1.11 in Q4 2017. Its up 0.09, from 1.02 in 2017Q3. It is positive, as 30 investors sold Semtech Corporation shares while 59 reduced holdings. 28 funds opened positions while 71 raised stakes. 63.42 million shares or 2.84% more from 61.66 million shares in 2017Q3 were reported.
Thompson Siegel & Walmsley Ltd Liability Corporation reported 304,515 shares. Moreover, Sei Invs Com has 0% invested in Semtech Corporation (NASDAQ:SMTC). Heartland Advsr Incorporated holds 0.65% in Semtech Corporation (NASDAQ:SMTC) or 296,427 shares. Jpmorgan Chase Communications has invested 0% of its portfolio in Semtech Corporation (NASDAQ:SMTC). 10,583 were reported by Cubist Systematic Strategies Ltd Co. Geode Cap Mgmt holds 0.01% or 621,073 shares. Dimensional Fund Advsrs Lp holds 0.02% or 1.58M shares. Aspen Inv Management Inc reported 0.17% of its portfolio in Semtech Corporation (NASDAQ:SMTC). Kornitzer Mgmt Ks reported 0.39% in Semtech Corporation (NASDAQ:SMTC). Delta Asset Management Lc Tn invested in 0% or 32 shares. Asset Inc reported 1,595 shares or 0% of all its holdings. Moreover, Contravisory Inv Inc has 0% invested in Semtech Corporation (NASDAQ:SMTC) for 37 shares. Pillar Pacific Management Ltd Company holds 11,750 shares. Employees Retirement Of Texas holds 0.04% or 99,000 shares. First Mercantile has invested 0.06% in Semtech Corporation (NASDAQ:SMTC).

Since December 13, 2017, it had 0 buys, and 35 insider sales for $7.25 million activity. The insider MAHESWARAN MOHAN sold $97,448. Pegulu Marc also sold $82,000 worth of Semtech Corporation (NASDAQ:SMTC) shares. $78,719 worth of stock was sold by Brown Simon A on Monday, March 19. Costello Mark C had sold 13,248 shares worth $521,543 on Monday, March 19. CHUKWU EMEKA sold $68,630 worth of stock. KIM JAMES JUNGSUP sold 1,500 shares worth $54,075.

Analysts expect Semtech Corporation (NASDAQ:SMTC) to report $0.20 EPS on May, 30.They anticipate $0.08 EPS change or 28.57 % from last quarter’s $0.28 EPS. SMTC’s profit would be $13.21 million giving it 54.75 P/E if the $0.20 EPS is correct. After having $0.38 EPS previously, Semtech Corporation’s analysts see -47.37 % EPS growth. The stock decreased 0.11% or $0.05 during the last trading session, reaching $43.8. About 159,430 shares traded. Semtech Corporation (NASDAQ:SMTC) has risen 15.50% since May 17, 2017 and is uptrending. It has outperformed by 3.95% the S&P500.

Semtech Corporation (NASDAQ:SMTC) Ratings Coverage

Among 9 analysts covering Semtech (NASDAQ:SMTC), 9 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Semtech had 17 analyst reports since November 20, 2017 according to SRatingsIntel. As per Wednesday, December 6, the company rating was maintained by Oppenheimer. The rating was maintained by Roth Capital with “Buy” on Thursday, March 15. The firm has “Buy” rating by Piper Jaffray given on Thursday, April 12. As per Thursday, January 18, the company rating was maintained by Needham. On Friday, March 23 the stock rating was maintained by Needham with “Buy”. The company was upgraded on Wednesday, April 4 by PiperJaffray. The firm earned “Buy” rating on Monday, December 11 by Needham. The company was maintained on Thursday, March 15 by Needham. RBC Capital Markets upgraded Semtech Corporation (NASDAQ:SMTC) on Wednesday, May 9 to “Outperform” rating. As per Thursday, November 30, the company rating was maintained by RBC Capital Markets.

Semtech Corporation designs, develops, makes, and markets analog and mixed-signal semiconductor products. The company has market cap of $2.89 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 81.11 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 notable recent Semtech Corporation (NASDAQ:SMTC) news were published by: Globenewswire.com which released: “Semtech and Brazil’s Anatel Deploy LoRa Technology Nationwide” on April 18, 2018, also Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For May 9, 2018” published on May 09, 2018, Streetinsider.com published: “UPDATE: RBC Capital Upgrades Semtech Corp. (SMTC) to Outperform, ‘Upside Levers with LoRa and Downside …” on May 09, 2018. More interesting news about Semtech Corporation (NASDAQ:SMTC) were released by: Globenewswire.com and their article: “Semtech’s LoRa Technology Integrated in AcSip’s Module for IoT Applications” published on May 16, 2018 as well as Globenewswire.com‘s news article titled: “Semtech Announces Accelerated Vesting of Comcast Warrant” with publication date: May 03, 2018.

Semtech Corporation (NASDAQ:SMTC) Institutional Positions Chart

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