Semtech (NASDAQ:SMTC - Get Free Report) issued an update on its first quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.340-0.400 for the period, compared to the consensus estimate of 0.340. The company issued revenue guidance of $245.0 million-$255.0 million, compared to the consensus revenue estimate of $250.9 million. Semtech also updated its Q1 guidance to $0.34-0.40 EPS.
Semtech Price Performance
SMTC traded up $6.89 on Friday, hitting $39.60. 8,102,007 shares of the stock were exchanged, compared to its average volume of 2,917,376. Semtech has a 12 month low of $21.56 and a 12 month high of $79.52. The business has a 50-day moving average of $51.73 and a two-hundred day moving average of $51.13. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of -3.03, a PEG ratio of 2.12 and a beta of 1.69.
Semtech (NASDAQ:SMTC - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The semiconductor company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.08. The firm had revenue of $251.00 million for the quarter, compared to the consensus estimate of $249.40 million. During the same period in the prior year, the company earned ($0.06) EPS. The company's revenue for the quarter was up 30.1% compared to the same quarter last year. Equities research analysts expect that Semtech will post -0.02 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
SMTC has been the subject of several research analyst reports. Susquehanna boosted their target price on Semtech from $55.00 to $60.00 and gave the stock a "positive" rating in a research note on Thursday, November 21st. Robert W. Baird lowered their target price on Semtech from $80.00 to $60.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Roth Mkm upped their price objective on Semtech from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, November 25th. B. Riley upped their price objective on Semtech from $61.00 to $85.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $55.00 price objective (down previously from $75.00) on shares of Semtech in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $61.55.
Check Out Our Latest Analysis on SMTC
Insider Buying and Selling
In related news, CFO Mark Lin sold 10,890 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $34.68, for a total value of $377,665.20. Following the completion of the sale, the chief financial officer now directly owns 11,625 shares of the company's stock, valued at approximately $403,155. This represents a 48.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Imran Sherazi sold 2,946 shares of the stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $63.30, for a total value of $186,481.80. Following the completion of the sale, the senior vice president now directly owns 6,317 shares of the company's stock, valued at $399,866.10. The trade was a 31.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,637 shares of company stock worth $1,472,726 in the last ninety days. Corporate insiders own 0.60% of the company's stock.
About Semtech
(
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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.
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