Semtech (NASDAQ:SMTC) Announces Earnings Results

Semtech (NASDAQ:SMTC) issued its quarterly earnings results on Thursday. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08, Briefing.com reports. The company 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 company posted ($0.06) EPS. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. Semtech updated its Q1 guidance to $0.34-0.40 EPS and its Q1 2026 guidance to 0.340-0.400 EPS.

Semtech Stock Up 21.1 %

SMTC opened at $39.60 on Friday. The company has a market cap of $3.00 billion, a price-to-earnings ratio of -3.03, a PEG ratio of 2.12 and a beta of 1.69. Semtech has a 52-week low of $21.56 and a 52-week high of $79.52. The firm’s fifty day simple moving average is $51.73 and its two-hundred day simple moving average is $51.13.

Insider Buying and Selling at Semtech

In other news, CFO Mark Lin sold 6,114 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.74, for a total value of $401,934.36. Following the transaction, the chief financial officer now directly owns 3,531 shares of the company’s stock, valued at approximately $232,127.94. This trade represents a 63.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Imran Sherazi sold 2,946 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $63.30, for a total transaction of $186,481.80. Following the completion of the transaction, the senior vice president now directly owns 6,317 shares in the company, valued at approximately $399,866.10. This represents a 31.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,637 shares of company stock valued at $1,472,726 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

SMTC has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their price target on shares of Semtech from $60.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday. Northland Securities increased their price objective on shares of Semtech from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Needham & Company LLC reiterated a “buy” rating and issued a $54.00 price objective on shares of Semtech in a research note on Friday. Craig Hallum cut their price objective on shares of Semtech from $70.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Roth Mkm increased their price objective on shares of Semtech from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.55.

Semtech Company Profile

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.