Semtech (NASDAQ:SMTC) Releases Q1 Earnings Guidance

Semtech (NASDAQ:SMTC - Get Free Report) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.34-0.40 for the period, compared to the consensus estimate of $0.34. The company issued revenue guidance of $245-255 million, compared to the consensus revenue estimate of $250.92 million. Semtech also updated its Q1 2026 guidance to 0.340-0.400 EPS.

Semtech Price Performance

Shares of SMTC traded up $6.89 during midday trading on Friday, hitting $39.60. The stock had a trading volume of 8,102,007 shares, compared to its average volume of 2,917,376. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of -3.03, a price-to-earnings-growth ratio of 2.12 and a beta of 1.69. The company has a 50 day simple moving average of $51.73 and a two-hundred day simple moving average of $51.23. Semtech has a twelve month low of $21.56 and a twelve month high of $79.52.

Semtech (NASDAQ:SMTC - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The semiconductor company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.08. The company had revenue of $251.00 million during the quarter, compared to the consensus estimate of $249.40 million. Semtech's revenue was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.06) EPS. Analysts forecast that Semtech will post -0.02 EPS for the current fiscal year.

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Analyst Ratings Changes

A number of research firms recently commented on SMTC. Stifel Nicolaus reduced their price target on Semtech from $60.00 to $54.00 and set a "buy" rating for the company in a report on Friday. UBS Group reduced their price target on Semtech from $65.00 to $60.00 and set a "buy" rating for the company in a report on Friday. Robert W. Baird reduced their price target on Semtech from $80.00 to $60.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Piper Sandler reiterated an "overweight" rating and set a $55.00 price target (down previously from $75.00) on shares of Semtech in a report on Monday, February 10th. Finally, Benchmark reduced their price target on Semtech from $82.00 to $68.00 and set a "buy" rating for the company in a report on Friday. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Semtech has an average rating of "Moderate Buy" and an average target price of $61.55.

Insider Activity

In other Semtech news, SVP Imran Sherazi sold 2,946 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $63.30, for a total transaction of $186,481.80. Following the completion of the transaction, the senior vice president now directly owns 6,317 shares in the company, valued at $399,866.10. The trade was a 31.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Mark Lin sold 6,114 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $65.74, for a total transaction of $401,934.36. Following the transaction, the chief financial officer now owns 3,531 shares of the company's stock, valued at approximately $232,127.94. This represents a 63.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,637 shares of company stock worth $1,472,726. Corporate insiders own 0.60% of the company's stock.

Semtech Company Profile

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.