Semtech's (SMTC) expanding portfolio offerings for the infrastructure end market bode well for its prospects. Through its Signal Integrity product group, SMTC offers optical and copper module ICs that support up to 1.6 Tb/s for Ethernet, Fibre Channel protocols in data center and broadband access applications as well as 4G, 5G and LTE applications for the infrastructure end market. In the first half of fiscal 2025, revenues from the infrastructure end market accounted for roughly 26% of revenues, which jump ...

Semtech (SMTC) shares have surged 93.8% year to date (YTD), outperforming the broader Zacks Computer and Technology sector's return of 19.4% and Zacks Semi-Analog & Mixed industry's appreciation of 4%. This phenomenal share price movement has been driven by solid performance across the Signal Integrity and Analog Mixed Signal & Wireless product lines. Strength in the LoRa technology was a plus. In the first half of fiscal 2025, net sales were $421.5 million, down 11.3% from the first half of fiscal 2024 due ...

In a market led by chip stocks, the Magnificent Seven, and AI, it's natural to want to find what might be the next big name in technology. Semtech NASDAQ: SMTC is a small to mid-cap firm in the semiconductor industry that specifically focuses on the Internet of Things (IoT) part of the market. Its shares have appreciated greatly in 2024, up 83%. Meanwhile, the Invesco PHLX Semiconductor ETF NASDAQ: SOXQ, a barometer for the industry, has returned around 9% this year. Get Semtech alerts: So, what are Semtech ...

Semtech (SMTC) reported $215.36 million in revenue for the quarter ended July 2024, representing a yearover-year decline of 9.7%. EPS of $0.11 for the same period compares to $0.11 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $212.42 million, representing a surprise of +1.38%. The company delivered an EPS surprise of +10.00%, with the consensus EPS estimate being $0.10. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Semtech Corporation's (SMTC) second-quarter fiscal 2025 non-GAAP earnings of 11 cents per share beat the Zacks Consensus Estimate by 10%. The bottom line declined 15.4% year over year. Net sales of $215.4 million surpassed the Zacks Consensus Estimate of $212.42 million. The figure declined 9.6% from the prior-year quarter's levels. However, SMTC provided positive guidance for third-quarter fiscal 2025. At the mid-point, it now expects growth in net sales, gross, operating and adjusted EBITDA margins. This ...

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 ...

Investment Thesis - The company has upgraded its rating from hold to buy due to increased confidence in industry recovery, supported by positive comments from peers and forward-looking booking data [4][9] - The previous concerns regarding elevated inventory impacting near-term growth have been addressed, with expectations of positive sequential growth moving forward [5][9] Financial Performance - Sequential growth decreased from 0.8% in Q2 2024 to 15.7% in Q3 2024 and 4% in Q4 2024, but the worst is believed to be over [5] - The IoT system sales backlog grew by 47% sequentially, with router bookings more than doubling both sequentially and annually, indicating a broad recovery across product families [5][6] - Channel inventories declined by 27% sequentially and 47% annually, suggesting normalization in inventory levels [5] Market Trends - Strong secular tailwinds, particularly from 5G adoption, are expected to drive growth, with significant increases in Module business bookings (22% sequential growth) and LoRa bookings (61% sequential growth) [5][6] - Demand for hyperscale data center applications has more than doubled compared to Q1 2024, driven by generative AI applications [6] Future Outlook - The company anticipates a return to normal business conditions, with expectations of 7% sequential growth for the remainder of FY25 and a total revenue year-over-year growth of 5% [7] - FY25 is expected to be the trough year, with growth acceleration projected for FY26 and FY27, reaching a peak of 15% year-over-year growth [7] - The target price for the company is set at approximately $48, based on FY27 numbers, reflecting increased confidence in long-term growth [7] Risks - The recent change in CEO may raise concerns about potential internal issues, although no changes to corporate strategy are expected [8] - The timing of recovery remains uncertain, particularly in the context of a high interest rate environment that may delay customer purchases [8]