Semtech (NASDAQ:SMTC) Updates Q1 Earnings Guidance

Semtech (NASDAQ:SMTC) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.34-0.40 for the period, compared to the consensus earnings per share estimate of $0.34. The company issued revenue guidance of $245-255 million, compared to the consensus revenue estimate of $250.92 million. Semtech also updated its Q1 2026 guidance to 0.340-0.400 EPS.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Northland Securities boosted their target price on Semtech from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Roth Mkm boosted their price objective on Semtech from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Stifel Nicolaus decreased their price objective on Semtech from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Friday. Susquehanna boosted their price objective on Semtech from $55.00 to $60.00 and gave the company a “positive” rating in a research report on Thursday, November 21st. Finally, UBS Group cut their target price on Semtech from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $61.55.

Semtech Stock Up 21.1 %

Shares of Semtech stock opened at $39.60 on Friday. Semtech has a 12-month low of $21.56 and a 12-month high of $79.52. The stock has a market cap of $3.00 billion, a P/E ratio of -3.03, a P/E/G ratio of 2.12 and a beta of 1.69. The business’s 50 day moving average is $51.73 and its 200-day moving average is $51.13.

Semtech (NASDAQ:SMTC) last posted its earnings results on Thursday, March 13th. The semiconductor company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.08. The business had revenue of $251.00 million for the quarter, compared to analyst estimates of $249.40 million. The firm’s revenue was up 30.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.06) earnings per share. On average, sell-side analysts expect that Semtech will post -0.02 EPS for the current year.

Insider Buying and Selling

In other Semtech news, SVP Imran Sherazi sold 1,338 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $75.00, for a total value of $100,350.00. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Mark Lin sold 10,890 shares of the company’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 transaction, the chief financial officer now directly owns 11,625 shares in the company, valued at approximately $403,155. This represents a 48.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,637 shares of company stock valued at $1,472,726. 0.60% of the stock is owned by insiders.

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.