Semtech (NASDAQ:SMTC) Announces Earnings Results

Semtech (NASDAQ:SMTC) issued its earnings results on Tuesday. The semiconductor company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01, Briefing.com reports. The company had revenue of $215.40 million for the quarter, compared to analyst estimates of $212.30 million. Semtech had a negative net margin of 129.52% and a negative return on equity of 154.99%. The business’s revenue was down 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.06) EPS. Semtech updated its Q3 guidance to $0.20-$0.26 EPS and its Q3 2025 guidance to 0.200-0.260 EPS.

Semtech Stock Performance

Shares of SMTC traded up $0.55 during trading hours on Wednesday, hitting $38.71. The stock had a trading volume of 738,807 shares, compared to its average volume of 1,889,449. The company’s fifty day simple moving average is $32.52 and its 200 day simple moving average is $31.28. Semtech has a 12-month low of $13.13 and a 12-month high of $46.86. The firm has a market cap of $2.50 billion, a P/E ratio of -2.29 and a beta of 1.55.

Analyst Upgrades and Downgrades

SMTC has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target on shares of Semtech in a research report on Wednesday. Roth Mkm raised their target price on shares of Semtech from $42.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, June 6th. StockNews.com raised shares of Semtech from a “sell” rating to a “hold” rating in a report on Thursday, June 6th. Northland Securities raised their price objective on shares of Semtech from $36.50 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Finally, Stifel Nicolaus lifted their price objective on Semtech from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Semtech has a consensus rating of “Moderate Buy” and a consensus price target of $50.00.

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.