Semtech (NASDAQ:SMTC) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.33-0.39 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.39. The company issued revenue guidance of $130-140 million, compared to the consensus revenue estimate of $138.04 million.Semtech also updated its Q4 2020
After-Hours guidance to 0.33-0.39 EPS.

SMTC has been the subject of a number of analyst reports. BidaskClub downgraded shares of Semtech from a hold rating to a sell rating in a research report on Saturday, November 23rd. Cowen reduced their price target on Semtech from $56.00 to $54.00 and set an outperform rating on the stock in a research report on Monday, September 9th. ValuEngine upgraded Semtech from a buy rating to a strong-buy rating in a research note on Friday, November 29th. Wells Fargo & Co reiterated an outperform rating and set a $55.00 target price (down from $60.00) on shares of Semtech in a research report on Thursday. Finally, Craig Hallum reduced their target price on Semtech from $9.00 to $6.00 in a report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Semtech presently has a consensus rating of Buy and an average price target of $47.64.

NASDAQ SMTC traded up $1.76 during trading on Friday, hitting $47.72. 16,378 shares of the company’s stock were exchanged, compared to its average volume of 560,031. The company has a market cap of $3.06 billion, a PE ratio of 35.93, a P/E/G ratio of 3.92 and a beta of 1.91. The company has a current ratio of 4.10, a quick ratio of 3.42 and a debt-to-equity ratio of 0.27. Semtech has a fifty-two week low of $39.54 and a fifty-two week high of $57.96. The stock’s 50 day moving average price is $50.52 and its two-hundred day moving average price is $47.58.

Semtech (NASDAQ:SMTC) last posted its earnings results on Wednesday, December 4th. The semiconductor company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Semtech had a net margin of 7.34% and a return on equity of 12.91%. The firm had revenue of $141.00 million for the quarter, compared to analysts’ expectations of $140.15 million. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The company’s revenue was down 18.8% on a year-over-year basis. Analysts forecast that Semtech will post 1.02 earnings per share for the current fiscal year.

In other news, Director Sylvia Summers sold 6,487 shares of Semtech stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $46.31, for a total value of $300,412.97. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $926,200. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Mark C. Costello sold 8,951 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $46.80, for a total value of $418,906.80. Following the completion of the transaction, the vice president now directly owns 3,090 shares in the company, valued at $144,612. The disclosure for this sale can be found here. Insiders have sold a total of 25,717 shares of company stock worth $1,262,791 over the last ninety days. Company insiders own 1.96% of the company’s stock.

Semtech Company Profile

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. The company provides signal integrity products, including a portfolio of optical data communications and video transport products used in various enterprise computing, industrial, and communications 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.

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Earnings History and Estimates for Semtech (NASDAQ:SMTC)

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