Semtech (NASDAQ:SMTC) Issues Q3 2027 Earnings Guidance

Semtech (NASDAQ:SMTC) issued an update on its third quarter 2027 earnings guidance on Wednesday. The company provided earnings per share 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 Stock Up 4.0%

SMTC traded up $5.43 during trading hours on Wednesday, hitting $141.63. 2,707,764 shares of the company’s stock were exchanged, 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 1-year low of $60.28 and a 1-year high of $201.99. The stock’s 50-day moving average is $157.28 and its two-hundred day moving average is $140.55. The stock has a market cap of $13.22 billion, a price-to-earnings ratio of 93.80 and a beta of 2.41.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. New Street Research set a $230.00 price target on Semtech in a research report on Thursday, August 20th. Oppenheimer upped their price objective on Semtech from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, October 1st. Wall Street Zen raised Semtech from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th. DA Davidson set a $230.00 target price on shares of Semtech in a research note on Friday, October 16th. Finally, Northland Securities raised shares of Semtech from a “market perform” rating to an “outperform” rating and set a $186.00 target price for the company in a research note on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Semtech currently has a consensus rating of “Moderate Buy” and an average target price of $213.11.

Insiders Place Their Bets

In related news, CEO Hong Hou sold 2,000 shares of Semtech stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $138.71, for a total transaction of $277,420.00. Following the completion of the transaction, the chief executive officer owned 60,799 shares in the company, valued at approximately $8,433,429.29. This trade represents a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Elliot Green sold 2,766 shares of the company’s stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $190.35, for a total value of $526,508.10. Following the completion of the sale, the executive vice president owned 7,367 shares in the company, valued at $1,402,308.45. This represents a 27.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 13,737 shares of company stock worth $2,267,877 in the last three months. 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.