EPS for Semtech Corporation (SMTC) Expected At $0.25

August 13, 2018 - By Robert Shackelford

Semtech Corporation (NASDAQ:SMTC) LogoInvestors sentiment increased to 1.21 in 2018 Q1. Its up 0.10, from 1.11 in 2017Q4. It is positive, 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.
Creative Planning has invested 0% of its portfolio in Semtech Corporation (NASDAQ:SMTC). 247,477 were reported by Loomis Sayles & Limited Partnership. Ny State Teachers Retirement accumulated 0.01% or 130,180 shares. Moreover, Parallax Volatility Advisers Limited Partnership has 0% invested in Semtech Corporation (NASDAQ:SMTC). State Street owns 0.01% invested in Semtech Corporation (NASDAQ:SMTC) for 1.99M shares. Century Cos holds 0% or 112,372 shares in its portfolio. Lpl Limited Liability Company accumulated 8,722 shares or 0% of the stock. Cs Mckee L P holds 0.17% of its portfolio in Semtech Corporation (NASDAQ:SMTC) for 56,400 shares. Sterling Ltd Liability Corp holds 0.02% or 48,066 shares in its portfolio. Gemmer Asset Mgmt Llc has 168 shares. Captrust Fin Advsr invested in 0% or 1,470 shares. 287,293 are owned by Thompson Siegel Walmsley Ltd Liability Co. Jane Street Grp Lc reported 0% in Semtech Corporation (NASDAQ:SMTC). Highbridge Cap Mngmt Ltd Llc reported 0.06% of its portfolio in Semtech Corporation (NASDAQ:SMTC). Nordea Mgmt Ab owns 0.01% invested in Semtech Corporation (NASDAQ:SMTC) for 85,918 shares.

Since February 15, 2018, it had 0 insider buys, and 43 selling transactions for $20.11 million activity. CHUKWU EMEKA sold $74,100 worth of Semtech Corporation (NASDAQ:SMTC) on Wednesday, April 4. 2,500 shares were sold by LINDSTROM JAMES T, worth $122,017 on Wednesday, July 11. 13,000 Semtech Corporation (NASDAQ:SMTC) shares with value of $452,334 were sold by KIM JAMES JUNGSUP. BURRA JAMES P sold $197,577 worth of stock or 5,000 shares. 11,428 Semtech Corporation (NASDAQ:SMTC) shares with value of $588,687 were sold by Silberstein Asaf. On Tuesday, June 5 the insider Costello Mark C sold $171,491.

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 “Hold” rating given on Wednesday, March 14 by Piper Jaffray. The rating was maintained by Roth Capital on Thursday, March 15 with “Buy”. As per Friday, March 23, the company rating was maintained by Needham. FBR Capital maintained Semtech Corporation (NASDAQ:SMTC) rating on Thursday, May 31. FBR Capital has “Buy” rating and $5700 target. The stock has “Buy” rating by Needham on Thursday, June 21. Needham maintained it with “Buy” rating and $45.0 target in Thursday, March 15 report. The firm has “Outperform” rating by Oppenheimer given on Thursday, June 21. As per Monday, May 21, the company rating was maintained by FBR Capital. As per Wednesday, March 14, the company rating was maintained by Drexel Hamilton. FBR Capital maintained the shares of SMTC in report on Thursday, June 21 with “Buy” rating.

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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