Semtech (NASDAQ:SMTC) Updates Q1 Earnings Guidance

Semtech (NASDAQ:SMTC) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.34-0.40 for the period, compared to the consensus earnings per share estimate of $0.34. The company issued revenue guidance of $245-255 million, compared to the consensus revenue estimate of $250.92 million. Semtech also updated its Q1 2026 guidance to 0.340-0.400 EPS.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SMTC. Benchmark raised their price objective on Semtech from $56.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Susquehanna raised their price objective on Semtech from $55.00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday, November 21st. B. Riley raised their price objective on Semtech from $61.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Robert W. Baird lowered their price objective on Semtech from $80.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Finally, Piper Sandler restated an “overweight” rating and issued a $55.00 target price (down previously from $75.00) on shares of Semtech in a research note on Monday, February 10th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.00.

Semtech Stock Performance

NASDAQ SMTC opened at $32.71 on Friday. The stock has a 50-day simple moving average of $52.84 and a two-hundred day simple moving average of $51.25. The firm has a market capitalization of $2.48 billion, a P/E ratio of -2.51, a PEG ratio of 2.12 and a beta of 1.69. Semtech has a fifty-two week low of $21.56 and a fifty-two week high of $79.52.

Semtech (NASDAQ:SMTC) last released its quarterly earnings data on Thursday, March 13th. The semiconductor company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08. The company had revenue of $251.00 million for the quarter, compared to analysts’ expectations of $249.40 million. During the same quarter in the previous year, the business posted ($0.06) EPS. The business’s quarterly revenue was up 30.1% on a year-over-year basis. As a group, analysts forecast that Semtech will post -0.02 earnings per share for the current year.

Insider Activity at Semtech

In other Semtech news, SVP Imran Sherazi sold 1,338 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $75.00, for a total transaction of $100,350.00. Following the completion of the transaction, the senior vice president now owns 14 shares of the company’s stock, valued at $1,050. This represents a 98.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark Lin sold 6,114 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $65.74, for a total value of $401,934.36. Following the transaction, the chief financial officer now directly owns 3,531 shares of the company’s stock, valued at $232,127.94. The trade was a 63.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,637 shares of company stock worth $1,472,726 in the last 90 days. Corporate insiders own 0.60% of the company’s stock.

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.