• Semtech Corp SMTC.OQ reported quarterly adjusted earnings of 46 cents​​ per share for the quarter ended January 31, higher than the same quarter last year, when the company reported EPS of -6 cents. The mean expectation of twelve analysts for the quarter was for earnings of 32 cents per share. Wall Street expected results to range from 25 cents to 36 cents per share.

• Revenue rose 30.1% to $251.00 million from a year ago; analysts expected $249.20 million.

• Semtech Corp's reported EPS for the quarter was 43 cents​.

• The company reported quarterly net income of $39.1 million.

• Semtech Corp shares had fallen by 45.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 2 "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 $65.00

This summary was machine generated from LSEG data March 14 at 03:20 a.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)