Semtech (NASDAQ:SMTC) Updates Q2 2027 Earnings Guidance

Semtech (NASDAQ:SMTC) updated its second quarter 2027 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.590-0.630 for the period, compared to the consensus earnings per share estimate of 0.490. The company issued revenue guidance of $323.0 million-$333.0 million, compared to the consensus revenue estimate of $300.4 million.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Susquehanna boosted their price objective on shares of Semtech from $110.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, May 20th. Stifel Nicolaus set a $157.00 price objective on Semtech in a research report on Thursday, May 21st. Citigroup cut Semtech from a “buy” rating to a “market perform” rating in a research report on Tuesday. Weiss Ratings cut Semtech from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, March 24th. Finally, Morgan Stanley raised their price objective on shares of Semtech from $89.00 to $155.00 and gave the company an “equal weight” rating in a research report on Tuesday. Thirteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $118.50.

Semtech Stock Up 4.9%

Semtech stock traded up $7.68 during mid-day trading on Tuesday, hitting $164.46. 8,208,461 shares of the company’s stock were exchanged, compared to its average volume of 2,239,979. The company has a current ratio of 2.37, a quick ratio of 1.66 and a debt-to-equity ratio of 0.89. The stock has a market cap of $15.31 billion, a P/E ratio of -373.77 and a beta of 2.22. Semtech has a 1-year low of $34.59 and a 1-year high of $168.29. The stock has a 50 day moving average of $102.46 and a two-hundred day moving average of $86.90.

Semtech (NASDAQ:SMTC) last posted its earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.45 by $0.06. The firm had revenue of $291.00 million for the quarter, compared to the consensus estimate of $283.53 million. Semtech had a negative net margin of 3.86% and a positive return on equity of 18.09%. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. As a group, analysts anticipate that Semtech will post 1.6 EPS for the current fiscal year.

Insider Activity

In other Semtech news, EVP Jason Elliot Green sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $81.73, for a total transaction of $612,975.00. Following the completion of the sale, the executive vice president owned 8,811 shares of the company’s stock, valued at $720,123.03. This represents a 45.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark Lin sold 974 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $78.42, for a total transaction of $76,381.08. Following the transaction, the chief financial officer directly owned 33,343 shares of the company’s stock, valued at approximately $2,614,758.06. This represents a 2.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 36,884 shares of company stock valued at $3,069,245. Insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Semtech

A number of hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors grew its holdings in Semtech by 0.8% in the 4th quarter. Captrust Financial Advisors now owns 19,302 shares of the semiconductor company’s stock valued at $1,422,000 after buying an additional 162 shares during the last quarter. Cetera Investment Advisers increased its position in Semtech by 1.5% in the 4th quarter. Cetera Investment Advisers now owns 11,737 shares of the semiconductor company’s stock worth $865,000 after buying an additional 177 shares during the period. Smartleaf Asset Management LLC increased its position in Semtech by 24.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the semiconductor company’s stock worth $57,000 after buying an additional 247 shares during the period. State of Wyoming increased its position in Semtech by 19.3% in the 4th quarter. State of Wyoming now owns 1,524 shares of the semiconductor company’s stock worth $112,000 after buying an additional 247 shares during the period. Finally, CHICAGO TRUST Co NA increased its position in Semtech by 8.4% in the 4th quarter. CHICAGO TRUST Co NA now owns 3,227 shares of the semiconductor company’s stock worth $238,000 after buying an additional 249 shares during the period.

Semtech Company Profile

Semtech Corporation is a leading supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms. The company’s products address a broad range of applications in the Internet of Things (IoT), data center and telecom, industrial, home automation, automotive, and aerospace markets. Semtech’s portfolio includes power management, signal integrity, protection devices, wireless and sensing technologies that enable smarter, more connected systems worldwide.

A core offering from Semtech is its LoRa® technology, a low-power, long-range wireless communication platform that has become a de facto standard for global IoT deployments.