Semtech (SMTC) Projected to Post Quarterly Earnings on Thursday

Semtech (NASDAQ:SMTC) is projected to issue its quarterly earnings data before the market opens on Thursday, March 27th. Analysts expect the company to announce 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 announced its quarterly earnings results on Thursday, March 13th. The semiconductor company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08. The firm had revenue of $251.00 million during the quarter, compared to the consensus estimate of $249.40 million. The firm’s revenue was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the company 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 Stock Down 0.7 %

Shares of SMTC stock opened at $40.07 on Wednesday. Semtech has a twelve month low of $23.17 and a twelve month high of $79.52. The stock’s fifty day simple moving average is $48.06 and its 200 day simple moving average is $51.17. The firm 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.

Wall Street Analysts Forecast Growth

SMTC has been the subject of several recent research reports. Piper Sandler reaffirmed an “overweight” rating and issued a $55.00 price objective (down previously from $75.00) on shares of Semtech in a research note on Monday, February 10th. Craig Hallum decreased their price target on shares of Semtech from $70.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Robert W. Baird dropped their price target on shares of Semtech from $80.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Northland Securities boosted their price objective on shares of Semtech from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, Stifel Nicolaus decreased their price objective on Semtech from $60.00 to $54.00 and set a “buy” rating for the company in a report on Friday, March 14th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Semtech has an average rating of “Moderate Buy” and a consensus price target of $61.55.

Insider Transactions at Semtech

In other news, SVP Imran Sherazi sold 1,338 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 14 shares of the company’s stock, valued at $1,050. This trade represents a 98.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Mark Lin sold 1,359 shares of Semtech stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $65.15, for a total transaction of $88,538.85. Following the completion of the sale, the chief financial officer now owns 4,164 shares of the company’s stock, valued at $271,284.60. This represents a 24.61 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,577 shares of company stock valued at $884,310. Corporate insiders own 0.60% of the company’s stock.

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.