Semtech Corp. (SMTC) : Earnings Preview

Semtech Corporation (SMTC) is scheduled to report earnings results for the second quarter of fiscal 2016 today after the close. The Street is looking for revenues of $124.37 million, a 15% growth from $145.70 million in the same period a year earlier. As far as EPS is concerned, analysts expect Semtech’s year-over-year profit to decline by 43% to $0.24.

As a quick reminder, Semtech Corp. reported 1Q/16 EPS of $0.27, $0.01 worst than the Street’s consensus estimate. Revs came in at $130 million versus the $132.4 million consensus.

Semtech Corporation, currently valued at $1.10 billion, has a median Wall Street price target of $22 with a high target of $32. Over the past year, shares of Camarillo, Calif.- based designer and manufacturer of analog and mixed-signal semiconductor products have traded between a low of $16.10 and a high of $30.01 with the 50-day MA and 200-day MA located at $18.19 and $23.35 levels, respectively. Additionally, shares of Semtech trade at a P/E ratio of 3.10 and have a Relative Strength Index (RSI) and MACD indicator of 28.94 and -0.17, respectively.

SMTC currently prints a one year loss of about 26% and a year-to-date loss of around 377%.

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