Semtech (SMTC) to Release Quarterly Earnings on Thursday

Semtech (NASDAQ:SMTC) is expected to release its earnings data 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 wish to listen to the company’s earnings conference call can do so using this link.

Semtech (NASDAQ:SMTC) last issued 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 company had revenue of $251.00 million during the quarter, compared to analysts’ expectations of $249.40 million. The company’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period last year, the business posted ($0.06) earnings per share. 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 $40.34 on Tuesday. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of -3.09, a price-to-earnings-growth ratio of 2.12 and a beta of 1.69. The business’s 50 day simple moving average is $48.54 and its 200-day simple moving average is $51.17. Semtech has a 12 month low of $22.13 and a 12 month high of $79.52.

Insider Activity at Semtech

In other Semtech news, CFO Mark Lin sold 10,890 shares of Semtech stock in a transaction 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Imran Sherazi sold 1,338 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $75.00, for a total transaction of $100,350.00. Following the sale, the senior vice president now directly owns 14 shares of the company’s stock, valued at $1,050. This represents a 98.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,577 shares of company stock worth $884,310. 0.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on SMTC shares. Piper Sandler reiterated an “overweight” rating and set a $55.00 target price (down from $75.00) on shares of Semtech in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $54.00 price target on shares of Semtech in a report on Friday, March 14th. UBS Group cut their price objective on Semtech from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Northland Securities increased their target price on Semtech from $60.00 to $66.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, Stifel Nicolaus reduced their price objective on Semtech from $60.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has an average 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.