Semtech (NASDAQ:SMTC) Issues Q2 2026 Earnings Guidance

Semtech (NASDAQ:SMTC) issued an update on its second quarter 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.370-0.43 for the period. The company issued revenue guidance of $251.0 million-$261.0 million.

Semtech Stock Up 4.0%

Shares of NASDAQ:SMTC traded up $1.50 during midday trading on Tuesday, reaching $38.78. 4,106,293 shares of the company were exchanged, compared to its average volume of 2,161,924. Semtech has a fifty-two week low of $24.05 and a fifty-two week high of $79.52. The stock has a fifty day simple moving average of $33.13 and a two-hundred day simple moving average of $47.32. The firm has a market cap of $3.36 billion, a PE ratio of -2.97, a P/E/G ratio of 2.12 and a beta of 1.88.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings results on Tuesday, May 27th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.10. As a group, analysts forecast that Semtech will post -0.02 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Benchmark lowered their price target on shares of Semtech from $82.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Robert W. Baird lowered their price target on shares of Semtech from $80.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. UBS Group lowered their price target on shares of Semtech from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, May 5th. Needham & Company LLC reiterated a “buy” rating and issued a $54.00 price target on shares of Semtech in a research note on Friday, March 14th. Finally, Morgan Stanley lifted their price objective on shares of Semtech from $30.00 to $40.00 and gave the company an “equal weight” rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Semtech presently has a consensus rating of “Moderate Buy” and an average price target of $58.33.

Insider Buying and Selling

In related news, CFO Mark Lin sold 10,890 shares of Semtech stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $34.68, for a total transaction of $377,665.20. Following the completion of the sale, the chief financial officer now owns 11,625 shares of the company’s stock, valued at approximately $403,155. The trade was a 48.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.60% of the stock is currently owned by insiders.

Institutional Trading of Semtech

Several hedge funds and other institutional investors have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Semtech by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 411,814 shares of the semiconductor company’s stock worth $14,166,000 after buying an additional 22,629 shares during the period. Empowered Funds LLC raised its stake in Semtech by 11.5% in the 1st quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company’s stock worth $323,000 after purchasing an additional 968 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in Semtech by 12,214.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock worth $89,000 after purchasing an additional 2,565 shares in the last quarter.

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.