Semtech (SMTC) to Release Quarterly Earnings on Thursday

On Thursday, March 27th, Semtech Corporation (NASDAQ: SMTC) is set to release its quarterly earnings report before the market opens. Analysts are predicting that Semtech will report earnings of $0.32 per share, with expected revenue reaching approximately $249.40 million for the quarter. The company has provided guidance for the first quarter, anticipating earnings per share (EPS) between $0.34 and $0.40, and a similar range for the first quarter of fiscal 2026. Individuals interested in the company's earnings conference call can access it via the provided link.

In its most recent earnings report on March 13th, Semtech announced an EPS of $0.40, surpassing the consensus estimate of $0.32 by $0.08. The report indicated revenues of $251.00 million, slightly higher than the anticipated $249.40 million. This represents a significant year-over-year revenue increase of 30.1%. In the same period last year, Semtech had reported an EPS loss of $0.06. Analysts project that Semtech will close the current fiscal year with an EPS of $0 and will achieve an EPS of $1 for the next fiscal year.

Semtech's Stock Performance

As of Tuesday, shares of Semtech opened at $40.34. The company has a market capitalization of $3.05 billion and currently exhibits a negative price-to-earnings ratio of -3.09. Its price-to-earnings growth ratio stands at 2.12, while the stock has a beta of 1.69, indicating its volatility compared to the market. Semtech's 50-day and 200-day simple moving averages are recorded at $48.54 and $51.17, respectively. Over the past year, the stock has experienced a low of $22.13 and a high of $79.52.

Insider Trading Activity

Recent insider activity includes the sale of 10,890 shares by CFO Mark Lin on March 6th, at an average price of $34.68, totaling about $377,665. Following this transaction, Lin holds 11,625 shares valued at approximately $403,155, reflecting a 48.37% reduction in his position. This sale was disclosed through a filing with the Securities and Exchange Commission. Additionally, in a transaction on January 17th, Senior Vice President Imran Sherazi sold 1,338 shares at an average price of $75.00 for a total of $100,350, resulting in a drastic 98.96% decrease in his ownership. Over the last three months, insiders have sold 18,577 shares worth $884,310, representing 0.60% insider ownership of the company’s total stock.

Analyst Recommendations

Various analysts have recently provided insights on Semtech's stock. Piper Sandler maintained an "overweight" rating while lowering the target price from $75.00 to $55.00. Needham & Company LLC reaffirmed a "buy" rating with a target of $54.00. Furthermore, UBS Group reduced their price objective from $65.00 to $60.00 and maintained a "buy" rating on the stock. Northland Securities raised their target price from $60.00 to $66.00, giving Semtech an "outperform" rating. Lastly, Stifel Nicolaus adjusted their price target down from $60.00 to $54.00 while keeping a "buy" rating. Currently, three equity research analysts have given a hold rating, while eleven have rated the stock as a buy, leading to an average rating of "Moderate Buy" with a target price of $61.55, according to MarketBeat.

About Semtech Corporation

Semtech specializes in designing, developing, manufacturing, and marketing analog and mixed-signal semiconductors as well as advanced algorithm solutions. Their offerings include signal integrity products and a range of optical data communications and video transport products used in various infrastructures and industrial applications. Semtech also provides integrated circuits for data centers and enterprise networks, along with specialized video products for broadcasting and professional audio-visual applications.

Earnings, Semtech, Stock