Semtech (NASDAQ:SMTC) Issues 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 Price Performance

SMTC stock traded up $5.43 during midday trading on Wednesday, hitting $141.63. The company’s stock had a trading volume of 2,707,807 shares, compared to its average volume of 2,883,047. 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 12 month low of $60.28 and a 12 month high of $201.99. The company has a 50 day moving average of $157.28 and a two-hundred day moving average of $140.55. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 93.80 and a beta of 2.41.

Semtech (NASDAQ:SMTC) last released its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.10. The firm had revenue of $341.87 million for the quarter, compared to analysts’ expectations of $328.67 million. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. On average, analysts expect that Semtech will post 2.80 EPS for the current year.

Wall Street Analyst Weigh In

SMTC has been the subject of a number of research reports. Stifel Nicolaus dropped their target price on shares of Semtech from $220.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, October 16th. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 price target on shares of Semtech in a report on Wednesday, August 26th. New Street Research set a $230.00 price target on shares of Semtech in a report on Thursday, August 20th. Oppenheimer boosted their price target on shares of Semtech from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, October 1st. Finally, Wall Street Zen upgraded shares of Semtech from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 29th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $213.11.

Insider Buying and Selling

In other Semtech news, EVP Jason Elliot Green sold 2,766 shares of the stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $190.35, for a total transaction of $526,508.10. Following the completion of the transaction, the executive vice president owned 7,367 shares in the company, valued at $1,402,308.45. This trade represents a 27.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul V. Walsh, Jr. sold 500 shares of the stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $172.61, for a total transaction of $86,305.00. Following the transaction, the director owned 26,600 shares of the company’s stock, valued at $4,591,426. This trade represents a 1.85% 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 three months. Corporate insiders own 0.44% of the company’s stock.

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.