Semtech Corporation (SMTC) Analysts See $0.46 EPS

November 11, 2018 - By Ash Ash

Semtech Corporation (NASDAQ:SMTC) LogoInvestors sentiment decreased to 1.14 in Q2 2018. Its down 0.07, from 1.21 in 2018Q1. It is negative, as 21 investors sold Semtech Corporation shares while 62 reduced holdings. 34 funds opened positions while 61 raised stakes. 63.32 million shares or 0.69% more from 62.89 million shares in 2018Q1 were reported.
Bancshares Of America De accumulated 111,285 shares. Ubs Asset Mngmt Americas invested in 0% or 315,867 shares. Cs Mckee Lp reported 51,500 shares. Glenmede Trust Co Na owns 1,134 shares for 0% of their portfolio. Alliancebernstein Lp has invested 0.07% in Semtech Corporation (NASDAQ:SMTC). Grp owns 50,285 shares or 0.01% of their US portfolio. Renaissance Technologies Lc accumulated 0.04% or 1.01M shares. 6,400 were accumulated by Dekabank Deutsche Girozentrale. Employees Retirement Sys Of Texas has 59,000 shares for 0.04% of their portfolio. Balyasny Asset Mgmt Limited Liability Co holds 20,166 shares. Prudential Fincl accumulated 115,221 shares or 0.01% of the stock. Wesbanco Bankshares Inc reported 0.01% of its portfolio in Semtech Corporation (NASDAQ:SMTC). Cibc Asset Incorporated reported 0% stake. Jane Street Gru, a New York-based fund reported 5,332 shares. Glaxis Cap Mngmt invested in 2.04% or 10,000 shares.

Since May 15, 2018, it had 0 buys, and 29 insider sales for $16.96 million activity. MAHESWARAN MOHAN sold $332,592 worth of stock or 7,000 shares. HANKIN ROCKELL N sold $167,768 worth of stock. CHUKWU EMEKA sold $651,663 worth of Semtech Corporation (NASDAQ:SMTC) on Friday, July 13. WILSON JOHN MICHAEL had sold 15,000 shares worth $885,002 on Wednesday, September 5. Brown Simon A also sold $118,010 worth of Semtech Corporation (NASDAQ:SMTC) on Tuesday, September 4. Pegulu Marc sold $118,000 worth of stock.

Analysts expect Semtech Corporation (NASDAQ:SMTC) to report $0.46 EPS on December, 5.They anticipate $0.12 EPS change or 35.29 % from last quarter’s $0.34 EPS. SMTC’s profit would be $30.47 million giving it 25.40 P/E if the $0.46 EPS is correct. After having $0.37 EPS previously, Semtech Corporation’s analysts see 24.32 % EPS growth. The stock decreased 3.81% or $1.85 during the last trading session, reaching $46.73. About 381,205 shares traded. Semtech Corporation (NASDAQ:SMTC) has risen 64.39% since November 11, 2017 and is uptrending. It has outperformed by 48.77% the S&P500.

Semtech Corporation (NASDAQ:SMTC) Ratings Coverage

Among 7 analysts covering Semtech (NASDAQ:SMTC), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Semtech had 14 analyst reports since May 21, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, May 31 by Roth Capital. Needham maintained the shares of SMTC in report on Thursday, June 21 with “Buy” rating. As per Thursday, June 21, the company rating was maintained by FBR Capital. The stock of Semtech Corporation (NASDAQ:SMTC) has “Buy” rating given on Thursday, May 31 by Drexel Hamilton. Needham downgraded the stock to “Hold” rating in Tuesday, September 4 report. The firm has “Outperform” rating given on Thursday, May 24 by Oppenheimer. The firm earned “Buy” rating on Thursday, October 11 by Stifel Nicolaus. The rating was maintained by Oppenheimer on Thursday, June 21 with “Outperform”. FBR Capital maintained the shares of SMTC in report on Monday, May 21 with “Buy” rating. FBR Capital maintained Semtech Corporation (NASDAQ:SMTC) rating on Thursday, May 31. FBR Capital has “Buy” rating and $5700 target.

Semtech Corporation designs, develops, makes, and markets analog and mixed-signal semiconductor products. The company has market cap of $3.10 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 63.84 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 recent Semtech Corporation (NASDAQ:SMTC) news were published by: Fool.com which released: “Here’s Why Leading Semiconductor Stocks Plunged Today” on October 24, 2018. Also Investorplace.com published the news titled: “Trade of the Day: Semtech Corp (SMTC)” on October 29, 2018. Nasdaq.com‘s news article titled: “Report: Developing Opportunities within Strategic Education, Semtech, Immune Pharmaceuticals, American Renal …” with publication date: October 29, 2018 was also an interesting one.

Semtech Corporation (NASDAQ:SMTC) Institutional Positions Chart

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