Semtech Q1 2027 Earnings Estimate Issued by Northland Capital Markets

Equities researchers at Northland Capital Markets have released their earnings estimates for Semtech Co. (NASDAQ: SMTC) for the first quarter of 2027. In a report dated Friday, March 14th, analyst G. Richard predicts that Semtech, a semiconductor company, will achieve earnings of $0.28 per share.

The projection stands in contrast to the current consensus estimate for Semtech's full-year earnings, which is set at a loss of $0.02 per share. Furthermore, Northland Capital Markets provided additional estimates predicting that Semtech's earnings for the second quarter of 2027 will be $0.39 per share.

Recent Earnings Results

On March 13th, Semtech announced its most recent earnings results, reporting earnings of $0.40 per share for the quarter. This figure surpassed the consensus estimate of $0.32 per share by $0.08. The company generated revenue of $251 million for the quarter, slightly above the expected revenue of $249.40 million, and marking a year-over-year increase of 30.1%. In the same quarter last year, Semtech reported a loss of $0.06 per share.

Analysts' Ratings and Price Targets

Several analysts have offered varying opinions on Semtech's stock performance. Benchmark lowered their price target on Semtech from $82.00 to $68.00 while maintaining a "buy" rating. Meanwhile, Northland Securities increased their price target from $60.00 to $66.00 with an "outperform" rating. Other firms such as Susquehanna, Piper Sandler, and Roth MKM have also adjusted their price targets and ratings for Semtech, reflecting cautious optimism among financial analysts.

Overall, three investment analysts have rated Semtech with a hold rating, while eleven others have assigned a buy rating. Currently, the consensus rating for the stock is "Moderate Buy" with an average target price set at $61.55.

Stock Performance Overview

As of this Monday, Semtech's stock opened at $39.60, holding a market capitalization of approximately $3.00 billion and demonstrating various financial ratios including a P/E ratio of -3.03. The company's stock has fluctuated from a twelve-month low of $21.56 to a high of $79.52, showing significant volatility.

Insider Transactions

Recent insider activity at Semtech includes the sale of shares by senior vice president Imran Sherazi, who sold 1,338 shares at an average price of $75.00, concluding in a transaction of $100,350. Subsequently, following this sale, he directly owns only 14 shares. Simultaneously, CFO Mark Lin sold 10,890 shares at an average price of $34.68, accounting for a significant reduction in his ownership as well. Over the past ninety days, a total of 27,637 shares were sold by company insiders, amounting to nearly $1.47 million.

Institutional Investment Trends

In recent transactions, several large institutional investors have modified their stakes in Semtech. For instance, Huntington National Bank boosted its stake by 105.2% during the third quarter, while Quadrant Capital Group and GAMMA Investing also increased their holdings. New investments have been made by other entities as well, reflecting ongoing interest in Semtech among institutional investors.

About Semtech Corporation

Semtech Corporation is known for designing, developing, manufacturing, and marketing analog and mixed-signal semiconductors along with advanced algorithms. The company offers a variety of products including signal integrity products used in different applications such as optical data communications and video transport.

In conclusion, the recent earnings estimates and performance indicators suggest that while Semtech faces challenges, there are opportunities for recovery and growth as it navigates the semiconductor market.

Semtech, Earnings, Estimates