Analysts See $0.20 EPS for Semtech Corporation (SMTC) on May, 30

May 16, 2018 - By Victoria Pittman

Semtech Corporation (NASDAQ:SMTC) Corporate Logo
During Q4 2017 the big money sentiment increased to 1.11. That’s change of 0.09, from 2017Q3’s 1.02. 30 investors sold all, 59 reduced holdings as Semtech Corporation ratio improved. 71 grew stakes while 28 funds bought stakes. Funds hold 63.42 million shares thus 2.84% more from 2017Q3’s 61.66 million shares.
Cornercap Invest Counsel owns 19,520 shs. 18,823 were reported by Guggenheim Ltd. Jpmorgan Chase And reported 0% in Semtech Corporation (NASDAQ:SMTC). Minnesota-based Ameriprise Finance has invested 0.01% in Semtech Corporation (NASDAQ:SMTC). Thompson Siegel Walmsley Ltd Com reported 304,515 shs. Moreover, Bnp Paribas Arbitrage has 0% invested in Semtech Corporation (NASDAQ:SMTC) for 27,110 shs. Scout Invests Inc stated it has 150,525 shs or 0.13% of all its holdings. Aperio Group Limited Liability Co reported 16,685 shs. American Century has invested 0% of its capital in Semtech Corporation (NASDAQ:SMTC). Clearbridge Limited Liability Corp stated it has 0% in Semtech Corporation (NASDAQ:SMTC). Us National Bank & Trust De has 6,576 shs. Pub Employees Retirement Of Ohio has 69,566 shs. Raymond James & has invested 0% in Semtech Corporation (NASDAQ:SMTC). Susquehanna Interest Group Ltd Liability Partnership stated it has 0% in Semtech Corporation (NASDAQ:SMTC). Cubist Systematic Strategies Limited Liability Company holds 0.02% or 10,583 shs in its capital.

Semtech Corporation had 34 selling transactions and 0 insider buys since December 13, 2017. This’s net activity of $7.15 million. Another trade for 1,900 shs valued at $74,100 was made by CHUKWU EMEKA on Wednesday, April 4. On Tuesday, January 16 MAHESWARAN MOHAN had sold 2,500 shs worth $97,448. WILSON JOHN MICHAEL sold 7,000 shs worth $288,156. 5,000 shs were sold by ANTLE GLEN M, worth $172,801 on Wednesday, December 13. HANKIN ROCKELL N sold $500,756 worth of stock or 12,500 shs. LINDSTROM JAMES T sold $203,160 worth of Semtech Corporation (NASDAQ:SMTC) or 5,000 shs on Tuesday, March 20.

Semtech Corporation (NASDAQ:SMTC) is expected to report earnings on May, 30., according to Faxor. This year’s EPS analyst estimate is expected to be $0.20. That is 28.57 % down compareed to $0.28 EPS for last year. SMTC’s profit could hit $13.20 million with 54.81 P/E in case $0.20 EPS is published. Last quarter $0.38 EPS was reported. Analysts predicts -47.37 % negative EPS growth this quarter. SMTC is touching $43.85 during the last trading session, after increased 2.10%.Semtech Corporation has volume of 424,728 shares. Since May 17, 2017 SMTC has risen 15.50% and is uptrending. The stock outperformed the S&P500 by 3.95%.

Semtech Corporation (NASDAQ:SMTC) Ratings Coverage

In total 9 analysts cover Semtech (NASDAQ:SMTC). “Buy” rating has 9, “Sell” are 0, while 0 are “Hold”. 100% are bullish. 17 are the (NASDAQ:SMTC)’s analyst reports since November 20, 2017 according to StockzIntelligence Inc. The stock rating was maintained by RBC Capital Markets with “Hold” on Thursday, November 30. On Monday, December 11 the firm has “Buy” rating given by Needham. In Friday, March 23 report Needham maintained it with “Buy” rating and $4500 target. In Thursday, March 15 report Needham maintained the stock with “Buy” rating. On Thursday, April 12 Piper Jaffray maintained Semtech Corporation (NASDAQ:SMTC) with “Buy” rating. In Wednesday, March 14 report Drexel Hamilton maintained the stock with “Buy” rating. On Wednesday, March 14 the stock of Semtech Corporation (NASDAQ:SMTC) has “Hold” rating given by Piper Jaffray. In Thursday, March 15 report Roth Capital maintained it with “Buy” rating and $45.0 target. On Wednesday, April 4 PiperJaffray upgraded Semtech Corporation (NASDAQ:SMTC) to “Overweight” rating. On Thursday, November 30 the rating was maintained by Drexel Hamilton with “Buy”.

Semtech Corporation designs, develops, makes, and markets analog and mixed-signal semiconductor products.The firm is valued at $2.90 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.The P/E ratio is 81.2. 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.

For more Semtech Corporation (NASDAQ:SMTC) news published briefly go to: Globenewswire.com, Globenewswire.com, Streetinsider.com, Benzinga.com or Globenewswire.com. The titles are as follows: “Semtech Announces Acquisition of IC Interconnect” published on May 02, 2018, “Semtech Announces Accelerated Vesting of Comcast Warrant” on May 03, 2018, “UPDATE: RBC Capital Upgrades Semtech Corp. (SMTC) to Outperform, ‘Upside Levers with LoRa and Downside …” with a publish date: May 09, 2018, “Benzinga’s Top Upgrades, Downgrades For May 9, 2018” and the last “Semtech and Brazil’s Anatel Deploy LoRa Technology Nationwide” with publication date: April 18, 2018.

Semtech Corporation (NASDAQ:SMTC) Institutional Investors Chart

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