Semtech (NASDAQ:SMTC) Announces FY 2030 Earnings Guidance

Semtech (NASDAQ:SMTC) updated its FY 2030 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 12.400-13.000 for the period. The company issued revenue guidance of $3.2 billion. Semtech also updated its Q3 2027 guidance to 1.120-1.160 EPS.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Zacks Research raised shares of Semtech from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 21st. TD Cowen reaffirmed a “buy” rating and issued a $215.00 price target on shares of Semtech in a report on Friday, October 16th. Benchmark reiterated a “buy” rating on shares of Semtech in a research note on Thursday, August 20th. UBS Group increased their price objective on shares of Semtech from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, August 26th. Finally, New Street Research set a $230.00 price objective on shares of Semtech in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $213.11.

Semtech Stock Performance

Shares of NASDAQ:SMTC traded up $5.43 on Wednesday, reaching $141.63. 2,707,764 shares of the company’s stock were exchanged, compared to its average volume of 2,883,047. The business’s 50-day moving average is $157.28 and its two-hundred day moving average is $140.55. The company has a quick ratio of 1.31, a current ratio of 1.70 and a debt-to-equity ratio of 0.47. Semtech has a fifty-two week low of $60.28 and a fifty-two week high of $201.99. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 93.80 and a beta of 2.41.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.61 by $0.10. The business had revenue of $341.87 million during the quarter, compared to analyst estimates of $328.67 million. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The company’s quarterly revenue was up 32.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. As a group, equities research analysts forecast that Semtech will post 2.80 EPS for the current year.

Insider Buying and Selling

In related news, EVP Jason Elliot Green sold 2,766 shares of the business’s stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of $190.35, for a total transaction of $526,508.10. Following the completion of the transaction, the executive vice president owned 7,367 shares in the company, valued at $1,402,308.45. The trade was a 27.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Hong Hou sold 2,000 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $138.71, for a total value of $277,420.00. Following the completion of the sale, the chief executive officer directly owned 60,799 shares in the company, valued at $8,433,429.29. This represents a 3.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 13,737 shares of company stock valued at $2,267,877 over the last 90 days. 0.44% of the stock is owned by corporate insiders.

About Semtech

Semtech Corporation (NASDAQ:SMTC) is a global semiconductor and infrastructure technology company that develops analog and mixed-signal products for communications, industrial, data center, consumer, and automotive applications. Its portfolio is designed to improve connectivity, power efficiency, signal integrity, and protection in electronic systems.

The company’s products include high-speed connectivity solutions for data centers and communications networks, power management and protection devices, signal integrity components, and wireless and radio-frequency technologies.