Semtech (SMTC) to Release Earnings on Thursday

Semtech (NASDAQ:SMTC) is expected to be posting 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 that are interested in participating in the company’s earnings conference call can do so using this link.

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

Semtech Stock Up 7.7 %

SMTC opened at $41.61 on Thursday. The stock’s 50 day moving average price is $50.11 and its two-hundred day moving average price is $51.16. Semtech has a 12-month low of $21.56 and a 12-month high of $79.52. The firm has a market capitalization of $3.15 billion, a P/E ratio of -3.19, a price-to-earnings-growth ratio of 2.12 and a beta of 1.69.

Insider Transactions at Semtech

In other Semtech news, CFO Mark Lin sold 10,890 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $34.68, for a total transaction of $377,665.20. Following the transaction, the chief financial officer now owns 11,625 shares in the company, valued at $403,155. This trade represents a 48.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Asaf Silberstein sold 2,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $70.00, for a total value of $140,000.00. Following the transaction, the chief operating officer now owns 76,417 shares in the company, valued at approximately $5,349,190. This trade represents a 2.55 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,577 shares of company stock worth $884,310. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

SMTC has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating and issued a $54.00 price objective on shares of Semtech in a research report on Friday, March 14th. Northland Securities lifted their price objective on Semtech from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Benchmark cut their price target on Semtech from $82.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Craig Hallum dropped their price objective on Semtech from $70.00 to $55.00 and set a “buy” rating for the company in a report on Friday, March 14th. Finally, Robert W. Baird dropped their price objective on Semtech from $80.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $61.55.

About Semtech

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.