Semtech (NASDAQ:SMTC) Updates Q4 2026 Earnings Guidance

Semtech (NASDAQ:SMTC) issued an update on its fourth quarter 2026 earnings guidance on Monday morning. The company provided EPS guidance of 0.400-0.460 for the period, compared to the consensus EPS estimate of 0.370. The company issued revenue guidance of $268.0 million-$278.0 million, compared to the consensus revenue estimate of $264.9 million.

Analysts Set New Price Targets

SMTC has been the subject of a number of recent analyst reports. Craig Hallum increased their price target on Semtech from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Cowen started coverage on Semtech in a research report on Tuesday, September 30th. They set a “buy” rating on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Semtech in a research note on Wednesday, October 8th. TD Cowen initiated coverage on shares of Semtech in a research note on Wednesday, October 1st. They issued a “buy” rating and a $75.00 target price for the company. Finally, Oppenheimer upgraded Semtech from a “market perform” rating to an “outperform” rating and set a $81.00 target price for the company in a research report on Tuesday, September 30th. Fourteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.43.

Semtech Price Performance

NASDAQ SMTC traded up $6.16 during midday trading on Monday, hitting $70.01. The company had a trading volume of 2,589,542 shares, compared to its average volume of 2,221,487. Semtech has a twelve month low of $24.05 and a twelve month high of $79.52. The firm has a 50-day moving average price of $67.03 and a 200-day moving average price of $54.17. The company has a current ratio of 2.53, a quick ratio of 1.78 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $6.08 billion, a PE ratio of 291.71 and a beta of 2.03.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings results on Monday, November 24th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.04. Semtech had a net margin of 2.38% and a return on equity of 18.28%. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. As a group, analysts anticipate that Semtech will post -0.02 earnings per share for the current fiscal year.

Insider Transactions at Semtech

In other Semtech news, Director Martin Burvill sold 3,500 shares of Semtech stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $62.75, for a total transaction of $219,625.00. Following the transaction, the director owned 6,909 shares of the company’s stock, valued at $433,539.75. This trade represents a 33.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark Lin sold 971 shares of the business’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $72.83, for a total transaction of $70,717.93. Following the completion of the transaction, the chief financial officer directly owned 17,844 shares in the company, valued at $1,299,578.52. This trade represents a 5.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 4,971 shares of company stock valued at $323,463 over the last ninety days. 0.48% of the stock is owned by company insiders.

Institutional Trading of Semtech

Institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its position in Semtech by 24.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the semiconductor company’s stock valued at $57,000 after buying an additional 247 shares during the period. NewEdge Advisors LLC grew its stake in Semtech by 1,215.4% in the third quarter. NewEdge Advisors LLC now owns 855 shares of the semiconductor company’s stock worth $61,000 after purchasing an additional 790 shares during the period. Strs Ohio bought a new position in shares of Semtech in the 1st quarter worth about $65,000. Jones Financial Companies Lllp grew its holdings in Semtech by 12,214.3% in the first 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 during the period. Finally, State of Wyoming increased its position in Semtech by 13.0% during the 2nd quarter. State of Wyoming now owns 2,955 shares of the semiconductor company’s stock valued at $133,000 after buying an additional 339 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.