Semtech (NASDAQ:SMTC) Releases Q3 2027 Earnings Guidance

Semtech (NASDAQ:SMTC) updated 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 EPS 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.

Semtech Stock Down 11.7%

Shares of NASDAQ SMTC opened at $125.12 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.70 and a debt-to-equity ratio of 0.47. Semtech has a 52 week low of $60.28 and a 52 week high of $201.99. The firm has a 50-day moving average price of $157.15 and a 200 day moving average price of $141.26. The stock has a market capitalization of $11.68 billion, a price-to-earnings ratio of 82.86 and a beta of 2.41.

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

Analysts Set New Price Targets

SMTC has been the topic of several research analyst reports. Seaport Research Partners assumed coverage on Semtech in a research note on Tuesday, September 22nd. They set a “buy” rating and a $200.00 price target on the stock. TD Cowen reaffirmed a “buy” rating and issued a $215.00 price objective on shares of Semtech in a research note on Friday, October 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 price objective on shares of Semtech in a report on Wednesday, August 26th. BMO Capital Markets lifted their price objective on Semtech from $155.00 to $230.00 and gave the stock an “outperform” rating in a report on Tuesday, October 13th. Finally, UBS Group boosted their target price on Semtech from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $213.11.

Insider Activity at Semtech

In other Semtech news, 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 value of $526,508.10. Following the sale, the executive vice president owned 7,367 shares of the company’s stock, valued at $1,402,308.45. This represents a 27.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Mark Lin sold 967 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $178.87, for a total transaction of $172,967.29. Following the completion of the sale, the chief financial officer directly owned 35,999 shares in the company, valued at $6,439,141.13. This trade represents a 2.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 13,737 shares of company stock valued at $2,267,877 in the last quarter. 0.44% of the stock is owned by corporate insiders.

Semtech Company Profile

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.