Wall Street analysts expect Semtech (SMTC) to post quarterly earnings of $0.10 per share in its upcoming report, which indicates a year-over-year decline of 9.1%. Revenues are expected to be $212.42 million, down 10.9% from the year-ago quarter. The consensus EPS estimate for the quarter has undergone a downward revision of 3.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Before a ...

The period was almost a "throw a dart blindfolded and hit a successful stock" time for semiconductor businesses. A general recovery in semiconductor stocks and a positive analyst note was the one-two combination Semtech (SMTC 7.60%) stock needed to have a good week on the market. The company's share price was almost 19% higher week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence. A change in semi sentiment The mid-summer period was hard on many semiconductor ...

While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice. Here's What You May Not Know About Analysts' Price Targets The mean estimate comprises 10 short-term price targets with a standard deviation of $8.35. While the lowest estimate of $30 indicates a 17.4% decline from the current price lev ...

Semtech (SMTC) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are ...

Summary Investment thesis Valuation SweetBunFactory Following my coverage on Semtech Corp. (NASDAQ:SMTC) in Sep'23, which I recommended a hold rating as there were 3 major uncertainties that I was not comfortable with, this post is to provide an update on my thoughts on the business and stock. I am upgrading my rating from hold to buy as I have gained confidence that the industry is turning around. Several pieces of evidence, such as comments from peers and forward-looking booking data, are supportive of th ...

Dublin, June 11, 2024 (GLOBE NEWSWIRE) -- The "Cellular and LPWA IoT Device Ecosystems - 8th Edition" report has been added to ResearchAndMarkets.com's offering. The Internet of Things is weaving a new worldwide web of interconnected objects. By the end of 2023, about 3.8 billion devices were connected to wide area networks based on cellular or LPWA technologies. The market is highly diverse and divided into multiple ecosystems. This research forecasts that annual shipments of cellular and non-3GPP LPWA IoT ...

Not all Semtech's news was bad last night -- but it wasn't nearly as great as you may have heard. Semtech (SMTC 0.16%) investors were all set for a banner day. Last night, the maker of semiconductors for Internet-of-Things applications announced its results for the first quarter of fiscal year 2025, ended April 28. The results included a stunning $0.06-per-share profit where analysts had predicted no profit at all, and reported $206.1 million in sales where the Street was expecting only $200.2 million. Shar ...

Semtech Corporation's (SMTC) first-quarter fiscal 2025 non-GAAP earnings of 6 cents per share beat the Zacks Consensus Estimate of the break-even point. The bottom line increased 50% year over year. Net sales of $206.1 million surpassed the Zacks Consensus Estimate of $200.2 million. The figure decreased 12.9% from the prior-year quarter. Nevertheless, growing momentum in the Signal Integrity, and Analog Mixed Signal & Wireless product lines remained a plus. Improving performances in the infrastructure and ...

Shares of Semtech Co. NASDAQ: SMTC had been stuck in limbo until recently. For the past two years, the stock struggled to break out of its $20 to $30 price channel. That was until the past quarterly earnings figures came on the scene, bringing Semtech shareholders a much-needed breakout to what is now 89% of the stock's 52-week high price. Semtech Today +1.30 (+3.48%) $42.61 While other technology stocks, particularly semiconductors, like Nvidia Co. NASDAQ: NVDA, got the lion's share of market attention dur ...

Financial Data and Key Metrics Changes - The company recorded net sales of $206.1 million for Q1 FY '25, representing a 7% sequential increase and exceeding the high end of guidance [31] - Gross margin improved to 49.8%, up 90 basis points sequentially and 130 basis points year-over-year, attributed to favorable product mix and cost control [32] - Operating income was $25.2 million with an operating margin of 12.2%, reflecting a sequential increase of 300 basis points and a year-over-year increase of 290 basis points [34] - Free cash flow for the first quarter was a use of cash amounting to $1.4 million, influenced by working capital changes [38] Business Line Data and Key Metrics Changes - Infrastructure net sales reached $56 million, a sequential increase of 42% and up 44% year-over-year [9] - High-End Consumer net sales were $34.5 million, an 8% sequential increase and a 60% year-over-year increase [17] - Industrial net sales were $115.6 million, down 5% sequentially, with IoT systems business net sales down 26% sequentially and 57% year-over-year [22] - Connected services businesses recorded net sales of $24.1 million, effectively flat quarter-over-quarter [25] Market Data and Key Metrics Changes - In the Infrastructure market, data center applications saw net sales of $21.2 million, up 20% sequentially and 61% year-over-year [10] - Passive optical network products net sales were $27.2 million, an 88% sequential increase and a 64% year-over-year increase [15] - The company noted strong demand for its LoRa-enabled solutions, with net sales of RF industrial products increasing 76% sequentially and 19% year-over-year [25] Company Strategy and Development Direction - The company is focused on reducing overall debt and evaluating capital structure alternatives, including potential asset sales [52][53] - The management emphasized the importance of AI in driving growth, particularly in data center applications and active copper cables [11][12] - The company is committed to maintaining cost control while supporting customer projects, with operating expenses down 17% year-over-year [33] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery in the Industrial segment, with bookings activity indicating a potential recovery in the second half of FY '25 [22] - The company expects net sales for Q2 FY '25 to be around $212 million, with growth anticipated in the Infrastructure end market [45] - Management highlighted that the telecom segment remains muted, with no immediate visibility for improvement [123] Other Important Information - The company ended the first quarter with a cash balance of $126.8 million, with inventories down 30% year-over-year [37] - The company expects gross margin to be around 50% for the next quarter, with operating expenses projected at $77.5 million [39] Q&A Session Summary Question: Clarification on active copper cable opportunity - Management clarified that they are involved in both vertical and horizontal applications, with ongoing qualifications and purchase orders from cable manufacturers [48][58] Question: Expectations for operational expenses - Management indicated that operational expenses are at a stable level and expected to grow at half the rate of sales moving forward [60] Question: Revenue expectations for active copper cables in fiscal '26 - Management estimated a reasonable expectation of a $100 million opportunity for active copper cables, with potential for higher growth depending on shipping configurations [66][99] Question: Long-term growth rate for LoRa - Management expects double-digit growth for the LoRa opportunity, supported by new protocols and market expansion [112] Question: Outlook for PON and its drivers - Management noted that PON is experiencing a recovery, particularly driven by infrastructure upgrades in China, with expectations for continued growth [108][110]