Semtech (NASDAQ:SMTC) Announces FY 2030 Earnings Guidance

Semtech (NASDAQ:SMTC) issued an update on its FY 2030 earnings guidance on Wednesday. The company provided earnings per share 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.

Semtech Stock Up 4.0%

SMTC stock traded up $5.43 during trading on Wednesday, hitting $141.63. 2,707,807 shares of the stock traded hands, compared to its average volume of 2,883,047. Semtech has a 1 year low of $60.28 and a 1 year high of $201.99. The firm’s 50 day moving average is $157.28 and its two-hundred day moving average is $140.55. The stock has a market cap of $13.22 billion, a price-to-earnings ratio of 93.80 and a beta of 2.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.31.

Semtech (NASDAQ:SMTC) last released its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Semtech’s revenue was up 32.7% compared to the same quarter last year. During the same period last year, the business earned $0.41 EPS. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. On average, sell-side analysts anticipate that Semtech will post 2.80 EPS for the current year.

Wall Street Analyst Weigh In

SMTC has been the topic of a number of recent analyst reports. Morgan Stanley set a $205.00 price target on shares of Semtech in a report on Friday, October 16th. Seaport Research Partners initiated coverage on shares of Semtech in a research report on Tuesday, September 22nd. They set a “buy” rating and a $200.00 price target for the company. Stifel Nicolaus decreased their price objective 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. DA Davidson set a $230.00 price objective on shares of Semtech in a report on Friday, October 16th. Finally, New Street Research set a $230.00 price objective on Semtech in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $213.11.

Insider Buying and Selling

In other Semtech news, CEO Hong Q. Hou sold 2,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 60,799 shares of the company’s stock, valued at approximately $8,433,429.29. The trade was a 3.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Elliot Green sold 2,766 shares of the company’s stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $190.35, for a total transaction of $526,508.10. Following the transaction, the executive vice president owned 7,367 shares in the company, valued at $1,402,308.45. This represents a 27.30% decrease in their position. 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 13,737 shares of company stock worth $2,267,877 in the last three months. 0.44% of the stock is currently owned by company 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.