Latest news with #Semtech
Yahoo
18 hours ago
- Business
- Yahoo
Semtech (SMTC) Stock Trades Down, Here Is Why
What Happened? Shares of semiconductor company Semtech (NASDAQ:SMTC) fell 3.1% in the morning session after the major indices continued to pull back, with technology stocks accounting for most of the market's largest decliners. A key reason for this trend is that much of the recent market gains were concentrated in the "AI trade," which includes these large technology and semiconductor companies. So this could also mean that some investors are locking in some gains ahead of more definitive feedback from the Fed. Despite the downturn, some analysts viewed this as an opportunity to own some of the "Core AI winners." Dan Ives of Wedbush Securities commented, "In our view, the tech bull cycle will be well intact for at least another 2-3 years, given the trillions being spent on AI infrastructure/software/chips/power/apps looking ahead. This remains our tech playbook and investor roadmap." Additionally, mixed earnings reports from retailers, such as Target, have added to the market's weakness. Investors are closely monitoring these reports for insights into the broader economic health and the potential impact of new tariffs on inflation. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Semtech? Access our full analysis report here, it's free. What Is The Market Telling Us Semtech's shares are extremely volatile and have had 54 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 1 day ago when the stock dropped 4.3% on the news that investors took some profits off the table as markets awaited signals on future monetary policy from the Federal Reserve's Jackson Hole symposium later in the week. The downturn in the market was largely attributed to a significant sell-off in megacap tech and chipmaker shares. Nvidia, Advanced Micro Devices (AMD), and Broadcom all saw notable drops, dragging down the VanEck Semiconductor ETF. Other major tech-related companies like Tesla, Meta Platforms, and Netflix were also under pressure. A key reason for this trend is that much of the recent market gains have been concentrated in the "AI trade," which includes these large technology and semiconductor companies. So this could also mean that some investors are locking in some gains ahead of more definitive feedback from the Fed. Semtech is down 22.5% since the beginning of the year, and at $48.11 per share, it is trading 37.6% below its 52-week high of $77.15 from January 2025. Investors who bought $1,000 worth of Semtech's shares 5 years ago would now be looking at an investment worth $783.93. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21 hours ago
- Business
- Yahoo
Stay Ahead of the Game With Semtech (SMTC) Q2 Earnings: Wall Street's Insights on Key Metrics
Wall Street analysts forecast that Semtech (SMTC) will report quarterly earnings of $0.40 per share in its upcoming release, pointing to a year-over-year increase of 263.6%. It is anticipated that revenues will amount to $256.04 million, exhibiting an increase of 18.9% compared to the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock. While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight. Given this perspective, it's time to examine the average forecasts of specific Semtech metrics that are routinely monitored and predicted by Wall Street analysts. Analysts forecast 'Net Sales by major end markets- High-End Consumer' to reach $36.79 million. The estimate indicates a change of -0.8% from the prior-year quarter. Analysts expect 'Net Sales by major end markets- Industrial' to come in at $143.82 million. The estimate indicates a year-over-year change of +14.8%. According to the collective judgment of analysts, 'Net Sales by major end markets- Infrastructure' should come in at $75.47 million. The estimate suggests a change of +42.6% year over year. Analysts predict that the 'Net Sales by reportable segment- Signal Integrity' will reach $77.92 million. The estimate suggests a change of +31.1% year over year. View all Key Company Metrics for Semtech here>>> Semtech shares have witnessed a change of -5.7% in the past month, in contrast to the Zacks S&P 500 composite's +2% move. With a Zacks Rank #3 (Hold), SMTC is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> . Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Semtech Corporation (SMTC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
11-08-2025
- Business
- Yahoo
Semtech Announces Second Quarter of Fiscal Year 2026 Conference Call
CAMARILLO, Calif., August 11, 2025--(BUSINESS WIRE)--Semtech Corporation (Nasdaq: SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, announced plans to release the financial results of its second quarter of fiscal year 2026 after the close of the market on Monday, August 25, 2025. The results will be released through Business Wire and posted at Semtech will host a conference call at 1:30 p.m. PT (4:30 p.m. ET) Monday, August 25, 2025, to discuss its second quarter of fiscal year 2026 performance and events, current business activities and conditions, and the outlook for the business. Participants can dial in to the call at 877-407-0312 (toll-free) or 201-389-0899 (toll/international). Confirmation #: 13755183. The event will also be webcast live. The webcast link will be accessible under the Investor Events section of Semtech's Investor website. A replay and transcript of the webcast will be available after the conclusion of the live call. About Semtech Semtech Corporation (Nasdaq: SMTC) is a high-performance semiconductor, IoT systems and cloud connectivity service provider dedicated to delivering high-quality technology solutions that enable a smarter, more connected and sustainable planet. Our global teams are committed to empowering solution architects and application developers to develop breakthrough products for the infrastructure, industrial and consumer markets. To learn more about Semtech technology, visit us at or follow us on LinkedIn or X. Semtech and the Semtech logo are registered trademarks or service marks of Semtech Corporation or its subsidiaries. SMTC-F View source version on Contacts Mitch HawsSemtech Corporationwebir@
Business Wire
11-08-2025
- Business
- Business Wire
Semtech Announces Second Quarter of Fiscal Year 2026 Conference Call
CAMARILLO, Calif.--(BUSINESS WIRE)--Semtech Corporation (Nasdaq: SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, announced plans to release the financial results of its second quarter of fiscal year 2026 after the close of the market on Monday, August 25, 2025. The results will be released through Business Wire and posted at Semtech will host a conference call at 1:30 p.m. PT (4:30 p.m. ET) Monday, August 25, 2025, to discuss its second quarter of fiscal year 2026 performance and events, current business activities and conditions, and the outlook for the business. Participants can dial in to the call at 877-407-0312 (toll-free) or 201-389-0899 (toll/international). Confirmation #: 13755183. The event will also be webcast live. The webcast link will be accessible under the Investor Events section of Semtech's Investor website. A replay and transcript of the webcast will be available after the conclusion of the live call. About Semtech Semtech Corporation (Nasdaq: SMTC) is a high-performance semiconductor, IoT systems and cloud connectivity service provider dedicated to delivering high-quality technology solutions that enable a smarter, more connected and sustainable planet. Our global teams are committed to empowering solution architects and application developers to develop breakthrough products for the infrastructure, industrial and consumer markets. To learn more about Semtech technology, visit us at or follow us on LinkedIn or X. Semtech and the Semtech logo are registered trademarks or service marks of Semtech Corporation or its subsidiaries. SMTC-F
Yahoo
02-08-2025
- Business
- Yahoo
Semtech, Teradyne, Western Digital, Allegro MicroSystems, and Intel Shares Are Falling, What You Need To Know
What Happened? A number of stocks fell in the morning session after the U.S. jobs report for July came in significantly weaker than expected while new widespread import tariffs were announced, sparking fears of a potential economic slowdown. The U.S. economy added only 73,000 jobs, far below estimates, and massive downward revisions to the prior two months painted a much weaker picture of the labor market. This has stoked recession fears, which would directly impact demand for chips used in countless products. Compounding these worries, the White House announced new tariffs, including a 20% levy on imports from Taiwan, a global hub for chip manufacturing. This dual shock of slowing domestic growth and renewed trade friction creates a challenging outlook for the highly cyclical and globally connected semiconductor industry, leading to a broad-based sell-off. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Semiconductor Manufacturing company Semtech (NASDAQ:SMTC) fell 3.2%. Is now the time to buy Semtech? Access our full analysis report here, it's free. Semiconductor Manufacturing company Teradyne (NASDAQ:TER) fell 4%. Is now the time to buy Teradyne? Access our full analysis report here, it's free. Memory Semiconductors company Western Digital (NASDAQ:WDC) fell 3.4%. Is now the time to buy Western Digital? Access our full analysis report here, it's free. Processors and Graphics Chips company Allegro MicroSystems (NASDAQ:ALGM) fell 3.4%. Is now the time to buy Allegro MicroSystems? Access our full analysis report here, it's free. Processors and Graphics Chips company Intel (NASDAQ:INTC) fell 3.1%. Is now the time to buy Intel? Access our full analysis report here, it's free. Zooming In On Teradyne (TER) Teradyne's shares are very volatile and have had 23 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 2 days ago when the stock gained 21.1% on the news that the company reported better-than-expected second-quarter financial results and provided a strong third-quarter forecast, driven by robust demand for its artificial intelligence (AI) chip testing equipment. The semiconductor test equipment manufacturer posted revenue of $651.8 million and adjusted earnings of 57 cents per share, both of which topped analyst expectations. Growth was primarily fueled by its core chip testing division, as demand for System-on-a-Chip (SoC) components for AI applications surged. This strength in AI was significant enough to offset weakness in the automotive and industrial sectors. Looking ahead, Teradyne's management provided an optimistic outlook, forecasting third-quarter revenue between $710 million and $770 million, which suggested continued momentum. Teradyne is down 18.6% since the beginning of the year, and at $103.06 per share, it is trading 26.4% below its 52-week high of $140 from January 2025. Investors who bought $1,000 worth of Teradyne's shares 5 years ago would now be looking at an investment worth $1,142. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
