Semtech (SMTC) Expected to Announce Quarterly Earnings on Thursday

Semtech (NASDAQ:SMTC) is projected 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.Investors interested in listening to the company’s 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 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.08. The firm had revenue of $251.00 million for the quarter, compared to analyst estimates of $249.40 million. During the same quarter in the previous year, the firm posted ($0.06) EPS. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. 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

Semtech stock opened at $40.34 on Tuesday. The stock has a market cap of $3.05 billion, a PE ratio of -3.09, a P/E/G ratio of 2.12 and a beta of 1.69. The stock’s fifty day moving average is $48.54 and its two-hundred day moving average is $51.17. Semtech has a 1-year low of $22.13 and a 1-year high of $79.52.

Insiders Place Their Bets

In other news, CFO Mark Lin sold 10,890 shares of the firm’s 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 completion of the sale, the chief financial officer now owns 11,625 shares in the company, valued at approximately $403,155. This trade represents a 48.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Imran Sherazi sold 1,338 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $75.00, for a total transaction of $100,350.00. Following the transaction, the senior vice president now owns 14 shares in the company, 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. In the last ninety days, insiders sold 18,577 shares of company stock valued at $884,310. 0.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SMTC. Robert W. Baird cut their target price on Semtech from $80.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Benchmark reduced their price objective on shares of Semtech from $82.00 to $68.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Stifel Nicolaus dropped their target price on shares of Semtech from $60.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Craig Hallum cut their price target on shares of Semtech from $70.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Finally, Roth Mkm upped their price objective on shares of Semtech from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Semtech currently has an average rating of “Moderate Buy” and an average price target of $61.55.

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.