Semtech (NASDAQ:SMTC) Announces Q3 2027 Earnings Guidance

Semtech (NASDAQ:SMTC) issued an update on its third quarter 2027 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.120-1.160 for the period, compared to the consensus earnings per share estimate of 1.020. The company issued revenue guidance of $415.0 million-$420.0 million, compared to the consensus revenue estimate of $410.6 million. Semtech also updated its FY 2030 guidance to 12.400-13.000 EPS.

Analyst Upgrades and Downgrades

SMTC has been the subject of a number of research reports. Stifel Nicolaus dropped their target price on shares of Semtech from $220.00 to $200.00 and set a “buy” rating for the company in a report on Friday, October 16th. UBS Group increased their price target on Semtech from $225.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Needham & Company LLC reiterated a “buy” rating and set a $200.00 price objective on shares of Semtech in a research report on Wednesday, August 26th. Benchmark reiterated a “buy” rating on shares of Semtech in a report on Thursday, August 20th. Finally, Weiss Ratings raised shares of Semtech from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $213.11.

Semtech Trading Up 4.0%

Shares of Semtech stock opened at $141.63 on Thursday. Semtech has a fifty-two week low of $60.28 and a fifty-two week high of $201.99. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.31 and a current ratio of 1.70. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 93.80 and a beta of 2.41. The stock has a 50 day moving average of $157.32 and a 200 day moving average of $140.96.

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

Insider Buying and Selling

In related news, CFO Mark Lin sold 967 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $178.87, for a total transaction of $172,967.29. Following the transaction, the chief financial officer owned 35,999 shares of the company’s stock, valued at approximately $6,439,141.13. This represents a 2.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rodolpho C. Cardenuto sold 5,321 shares of the business’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $877,965.00. The SEC filing for this sale provides additional information. Insiders have sold 13,737 shares of company stock valued at $2,267,877 over the last quarter. 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.