Equities research analysts expect Semtech Co. (NASDAQ:SMTC) to report $130.80 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Semtech’s earnings. The highest sales estimate is $132.10 million and the lowest is $130.00 million. Semtech reported sales of $130.43 million in the same quarter last year, which would suggest a positive year over year growth rate of 0.3%. The firm is expected to report its next earnings report on Wednesday, May 29th.

According to Zacks, analysts expect that Semtech will report full year sales of $602.02 million for the current fiscal year, with estimates ranging from $575.00 million to $627.70 million. For the next fiscal year, analysts anticipate that the company will report sales of $696.81 million, with estimates ranging from $643.11 million to $747.60 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Semtech.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings data on Wednesday, March 13th. The semiconductor company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.02. The firm had revenue of $160.00 million for the quarter, compared to the consensus estimate of $158.48 million. Semtech had a net margin of 10.05% and a return on equity of 13.94%. The company’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm earned $0.42 EPS.

Several brokerages have recently commented on SMTC. BidaskClub downgraded shares of Semtech from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research cut shares of Semtech from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 19th. ValuEngine cut shares of Semtech from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. B. Riley cut their target price on shares of Semtech from $68.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. Finally, Roth Capital cut shares of Semtech from a “buy” rating to a “neutral” rating and set a $49.00 target price for the company. in a research note on Thursday, March 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $59.00.

In other Semtech news, EVP Asaf Silberstein sold 1,000 shares of Semtech stock in a transaction on Friday, April 12th. The shares were sold at an average price of $53.19, for a total value of $53,190.00. Following the completion of the transaction, the executive vice president now directly owns 54,133 shares of the company’s stock, valued at approximately $2,879,334.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emeka Chukwu sold 1,100 shares of Semtech stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $54.97, for a total transaction of $60,467.00. Following the transaction, the chief financial officer now directly owns 98,297 shares of the company’s stock, valued at $5,403,386.09. The disclosure for this sale can be found here. Insiders sold a total of 123,614 shares of company stock valued at $6,667,466 over the last three months. Corporate insiders own 2.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in SMTC. Oregon Public Employees Retirement Fund purchased a new position in shares of Semtech during the 4th quarter worth about $25,000. Norges Bank purchased a new position in shares of Semtech during the 4th quarter worth about $40,233,000. JPMorgan Chase & Co. boosted its stake in shares of Semtech by 524.7% during the 1st quarter. JPMorgan Chase & Co. now owns 873,124 shares of the semiconductor company’s stock worth $44,450,000 after purchasing an additional 733,351 shares during the period. FMR LLC boosted its stake in shares of Semtech by 16.2% during the 4th quarter. FMR LLC now owns 4,114,152 shares of the semiconductor company’s stock worth $188,717,000 after purchasing an additional 573,087 shares during the period. Finally, Fiera Capital Corp boosted its stake in shares of Semtech by 518.6% during the 1st quarter. Fiera Capital Corp now owns 671,903 shares of the semiconductor company’s stock worth $34,206,000 after purchasing an additional 563,292 shares during the period. 99.94% of the stock is owned by hedge funds and other institutional investors.

Shares of SMTC stock traded down $3.81 on Friday, hitting $47.53. 19,108 shares of the stock traded hands, compared to its average volume of 340,000. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 35.74, a PEG ratio of 3.37 and a beta of 1.65. Semtech has a 52 week low of $41.28 and a 52 week high of $60.55. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.74 and a quick ratio of 3.25.

Semtech Company Profile

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. The company provides signal integrity products, including a portfolio of optical data communications and video transport products used in various enterprise computing, industrial, and communications 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.

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