Semtech Corp reports results for the quarter ended April 30 - Earnings Summary

• Semtech Corp SMTC reported quarterly adjusted earnings of 38 cents​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 6 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 37 cents per share. Wall Street expected results to range from 35 cents to 44 cents per share.

• Revenue rose 21.8% to $251.10 million from a year ago; analysts expected $250.09 million.

• Semtech Corp's reported EPS for the quarter was 22 cents​.

• The company reported quarterly net income of $19.3 million.

• Semtech Corp shares had risen by 8.4% this quarter and lost 39.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 9.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

• Wall Street's median 12-month price target for Semtech Corp is $55.00

This summary was machine generated from LSEG data May 27 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)