- Semtech reported third quarter adjusted earnings per share (EPS) of 48 cents, beating last year’s 26 cents and an estimate of 45 cents.
- The company achieved net sales of $267.0 million, up 13% year-over-year, and slightly above the estimate of $266.5 million.
- The adjusted gross margin matched the market estimate, standing at 53%.
- Despite the positive earnings report, shares of Semtech fell 4.1% in post-market trading to $67.14, with 4,611 shares traded.
- Analyst recommendations include 14 buy ratings, 2 hold ratings, and no sell ratings.
A look at Semtech Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 2.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Semtech Corp has a positive long-term outlook. With a strong Momentum score of 5, the company is showing great market performance and potential for growth. This indicates a favorable trend in the company’s stock price moving forward.
While its Value, Growth, and Resilience scores are moderate, with values of 2 for each, Semtech Corp still demonstrates stability and potential for future growth in those areas. However, the low Dividend score of 1 suggests that the company may not be prioritizing dividends for its shareholders at the moment. Overall, Semtech Corp, a company that designs, manufactures, and markets analog and mixed-signal semiconductors for various applications, shows promise for investors looking for long-term opportunities in the technology sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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