Semtech (NASDAQ:SMTC – Get Free Report) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.20-$0.26 for the period, compared to the consensus earnings per share estimate of $0.21. The company issued revenue guidance of $228-$238 million, compared to the consensus revenue estimate of $227.47 million.
Semtech Stock Up 3.1 %
Shares of NASDAQ SMTC traded up $1.13 during midday trading on Tuesday, reaching $38.16. 2,290,134 shares of the company were exchanged, compared to its average volume of 1,895,294. Semtech has a one year low of $13.13 and a one year high of $46.86. The stock has a market cap of $2.47 billion, a P/E ratio of -2.19 and a beta of 1.55. The stock’s 50-day moving average price is $32.35 and its 200-day moving average price is $31.16.
Semtech (NASDAQ:SMTC – Get Free Report) last issued its quarterly earnings data on Wednesday, June 5th. The semiconductor company reported ($0.17) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.17). The business had revenue of $206.11 million for the quarter, compared to analyst estimates of $200.16 million. Semtech had a negative return on equity of 154.99% and a negative net margin of 129.52%. On average, equities research analysts anticipate that Semtech will post -0.03 EPS for the current year.
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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.
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