Semtech (SMTC) to Release Earnings on Thursday

Semtech (NASDAQ:SMTC - Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Thursday, March 27th. Analysts expect Semtech to post earnings of $0.32 per share and revenue of $249.40 million for the quarter. Semtech has set its Q1 guidance at $0.34-0.40 EPS and its Q1 2026 guidance at 0.340-0.400 EPS.Individual interested in listening to the company's earnings conference call can do so using this link.

Semtech (NASDAQ:SMTC - Get Free Report) last issued its earnings results on Thursday, March 13th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.08. The firm had revenue of $251.00 million during the quarter, compared to the consensus estimate of $249.40 million. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. The business's quarterly revenue was up 30.1% compared to the same quarter last year. On average, analysts expect Semtech to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Semtech Stock Down 2.5 %

Shares of NASDAQ:SMTC traded down $1.02 during midday trading on Friday, reaching $39.62. 3,375,275 shares of the company traded hands, compared to its average volume of 2,217,808. Semtech has a 12 month low of $22.13 and a 12 month high of $79.52. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of -3.04, a price-to-earnings-growth ratio of 2.12 and a beta of 1.69. The firm's fifty day moving average price is $49.04 and its two-hundred day moving average price is $51.12.

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Insider Transactions at Semtech

In other Semtech news, CFO Mark Lin sold 1,359 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $65.15, for a total transaction of $88,538.85. Following the completion of the transaction, the chief financial officer now owns 4,164 shares of the company's stock, valued at $271,284.60. This represents a 24.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Imran Sherazi sold 1,338 shares of the company's stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $75.00, for a total value of $100,350.00. Following the transaction, the senior vice president now directly owns 14 shares of the company's stock, valued at $1,050. The trade was a 98.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 18,577 shares of company stock worth $884,310. 0.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SMTC. Robert W. Baird decreased their price objective on Semtech from $80.00 to $60.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Piper Sandler reiterated an "overweight" rating and set a $55.00 price objective (down from $75.00) on shares of Semtech in a research note on Monday, February 10th. Roth Mkm boosted 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. UBS Group decreased their price objective on Semtech from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Finally, Craig Hallum decreased their price objective on Semtech from $70.00 to $55.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Semtech currently has an average rating of "Moderate Buy" and an average price target of $61.55.

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.