Semtech (NASDAQ:SMTC) Releases Earnings Results, Beats Expectations By $0.03 EPS

Semtech (NASDAQ:SMTC) released its earnings results on Monday. The semiconductor company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03, Briefing.com reports. The business had revenue of $236.80 million for the quarter, compared to analyst estimates of $232.89 million. Semtech had a negative net margin of 99.08% and a negative return on equity of 154.99%. The business’s revenue was up 17.9% on a year-over-year basis. During the same period last year, the company posted $0.02 EPS. Semtech updated its Q4 guidance to $0.29-0.35 EPS and its Q4 2025 guidance to 0.290-0.350 EPS.

Semtech Price Performance

Semtech stock opened at $64.20 on Thursday. The stock’s 50 day moving average price is $46.24 and its 200 day moving average price is $39.12. The company has a market cap of $4.83 billion, a PE ratio of -4.92 and a beta of 1.54. Semtech has a 1-year low of $15.63 and a 1-year high of $66.64.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SMTC shares. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price objective (up from $50.00) on shares of Semtech in a research report on Tuesday. Craig Hallum increased their price target on Semtech from $48.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday. Susquehanna raised their price objective on Semtech from $55.00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday, November 21st. Northland Securities upped their target price on shares of Semtech from $46.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Roth Mkm lifted their price target on shares of Semtech from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Monday. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Semtech presently has an average rating of “Moderate Buy” and a consensus price target of $67.70.

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.