Semtech (SMTC) Expected to Announce Earnings on Thursday

Semtech (NASDAQ:SMTC) will likely 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.Investors that are interested in registering for the company’s conference call can do so using this link.

Semtech (NASDAQ:SMTC) last released 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 business had revenue of $251.00 million for the quarter, compared to analyst estimates of $249.40 million. The business’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($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 Price Performance

Shares of NASDAQ SMTC opened at $40.07 on Wednesday. The company has a 50-day moving average price of $48.06 and a 200-day moving average price of $51.17. The stock has a market capitalization of $3.03 billion, a P/E ratio of -3.07, a P/E/G ratio of 2.12 and a beta of 1.69. Semtech has a 1 year low of $23.17 and a 1 year high of $79.52.

Insider Transactions at Semtech

In related news, CFO Mark Lin sold 10,890 shares of Semtech stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $34.68, for a total value of $377,665.20. Following the sale, the chief financial officer now owns 11,625 shares of the company’s stock, valued at approximately $403,155. The trade was a 48.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Imran Sherazi sold 1,338 shares of the stock in a transaction 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 approximately $1,050. This trade represents a 98.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,577 shares of company stock worth $884,310 in the last ninety days. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Stifel Nicolaus cut their price target on Semtech from $60.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, March 14th. UBS Group cut their target price on Semtech from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Benchmark lowered their price target on Semtech from $82.00 to $68.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $54.00 price objective on shares of Semtech in a report on Friday, March 14th. Finally, Craig Hallum reduced their target price on shares of Semtech from $70.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.