Semtech (NASDAQ:SMTC) Announces FY 2030 Earnings Guidance

Semtech (NASDAQ:SMTC) updated its FY 2030 earnings guidance on Wednesday. The company provided earnings per share guidance of 12.400-13.000 for the period. The company issued revenue guidance of $3.2 billion. Semtech also updated its Q3 2027 guidance to 1.120-1.160 EPS.

Analyst Ratings Changes

SMTC has been the subject of several analyst reports. UBS Group boosted their price objective on Semtech from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. Zacks Research upgraded Semtech from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 21st. Seaport Research Partners began coverage on Semtech in a research note on Tuesday, September 22nd. They set a “buy” rating and a $200.00 target price on the stock. Oppenheimer boosted their price target on Semtech from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, October 1st. Finally, DA Davidson set a $230.00 price target on Semtech in a research note on Friday, October 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $213.11.

Semtech Price Performance

Shares of SMTC stock traded up $5.43 during midday trading on Wednesday, reaching $141.63. 2,707,764 shares of the company were exchanged, compared to its average volume of 2,883,047. The company’s 50 day moving average price is $157.28 and its two-hundred day moving average price is $140.55. The company has a market cap of $13.22 billion, a P/E ratio of 93.80 and a beta of 2.41. Semtech has a 12 month low of $60.28 and a 12 month high of $201.99. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.31 and a current ratio of 1.70.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.10. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The business had revenue of $341.87 million during the quarter, compared to analysts’ expectations of $328.67 million. During the same period last year, the firm posted $0.41 earnings per share. The business’s revenue was up 32.7% on a year-over-year basis. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. On average, sell-side analysts expect that Semtech will post 2.80 earnings per share for the current year.

Insider Transactions at Semtech

In other news, CFO Mark Lin sold 967 shares of Semtech stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $178.87, for a total transaction of $172,967.29. Following the transaction, the chief financial officer directly owned 35,999 shares in the company, valued at approximately $6,439,141.13. This trade represents a 2.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rodolpho C. Cardenuto sold 5,321 shares of the business’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $165.00, for a total value of $877,965.00. The SEC filing for this sale provides additional information. Insiders sold a total of 13,737 shares of company stock valued at $2,267,877 over the last three months. 0.44% of the stock is owned by company insiders.

About Semtech

Semtech Corporation (NASDAQ:SMTC) is a global semiconductor and infrastructure technology company that develops analog and mixed-signal products for communications, industrial, data center, consumer, and automotive applications. Its portfolio is designed to improve connectivity, power efficiency, signal integrity, and protection in electronic systems.

The company’s products include high-speed connectivity solutions for data centers and communications networks, power management and protection devices, signal integrity components, and wireless and radio-frequency technologies.