Semtech (NASDAQ:SMTC) Issues FY 2030 Earnings Guidance

by · The Markets Daily

Semtech (NASDAQ:SMTC – Get Free Report) updated its FY 2030 earnings guidance on Wednesday morning. The company provided EPS guidance of 12.400-13.000 for the period. The company issued revenue guidance of $3.2 billion. Semtech also updated its Q3 2027 guidance to 1.120-1.160 EPS.

Semtech Stock Performance

Semtech stock opened at $125.12 on Friday. Semtech has a 1-year low of $60.28 and a 1-year high of $201.99. The stock has a market cap of $11.68 billion, a price-to-earnings ratio of 82.86 and a beta of 2.41. The firm has a 50 day simple moving average of $157.15 and a 200-day simple moving average of $141.26. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.31.

Semtech (NASDAQ:SMTC – Get Free Report) last posted its earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping 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%. The firm’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter last year, the firm earned $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.

Analyst Ratings Changes

Several equities analysts have recently commented on SMTC shares. Northland Securities upgraded shares of Semtech from a “market perform” rating to an “outperform” rating and set a $186.00 price objective on the stock in a report on Friday, October 16th. Wall Street Zen upgraded shares of Semtech from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th. Needham & Company LLC reissued a “buy” rating and issued a $200.00 target price on shares of Semtech in a research report on Wednesday, August 26th. Roth Capital set a $220.00 target price on Semtech in a research report on Wednesday, August 26th. Finally, Seaport Research Partners assumed coverage on Semtech in a research note on Tuesday, September 22nd. They set a “buy” rating and a $200.00 price target on the stock. One research 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $213.11.

Read Our Latest Stock Analysis on SMTC

Insider Buying and Selling at Semtech

In other news, EVP Jason Elliot Green sold 2,766 shares of the firm’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 transaction, the executive vice president owned 7,367 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rodolpho Cardenuto sold 5,321 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $877,965.00. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 13,737 shares of company stock valued at $2,267,877. Corporate insiders own 0.44% of the company’s stock.

Semtech Company Profile

(Get Free Report)

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.

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