Semtech (NASDAQ:SMTC) Updates Q1 2027 Earnings Guidance

Semtech (NASDAQ:SMTC) issued an update on its first quarter 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.420-0.480 for the period, compared to the consensus estimate of 0.370. The company issued revenue guidance of $278.0 million-$288.0 million, compared to the consensus revenue estimate of $272.1 million.

Semtech Price Performance

Shares of NASDAQ:SMTC opened at $88.66 on Friday. The company has a market capitalization of $8.24 billion, a PE ratio of -201.50 and a beta of 2.06. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.66 and a current ratio of 2.37. The stock has a fifty day moving average of $84.21 and a 200-day moving average of $76.20. Semtech has a one year low of $24.05 and a one year high of $96.46.

Semtech (NASDAQ:SMTC) last announced its earnings results on Monday, March 16th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Semtech had a positive return on equity of 18.09% and a negative net margin of 3.86%.The company had revenue of $274.40 million for the quarter, compared to analyst estimates of $273.14 million. During the same period in the previous year, the firm earned $0.40 earnings per share. Semtech’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities analysts anticipate that Semtech will post -0.02 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wall Street Zen cut shares of Semtech from a “strong-buy” rating to a “buy” rating in a report on Monday, January 26th. Stifel Nicolaus boosted their price target on shares of Semtech from $90.00 to $98.00 and gave the company a “buy” rating in a report on Tuesday, March 17th. Needham & Company LLC raised their price objective on shares of Semtech from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, March 17th. Robert W. Baird lifted their price objective on shares of Semtech from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Finally, TD Cowen reiterated a “buy” rating on shares of Semtech in a report on Tuesday, February 24th. Fourteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $93.14.

Insiders Place Their Bets

In other news, COO Asaf Silberstein sold 10,000 shares of Semtech stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $92.00, for a total value of $920,000.00. Following the transaction, the chief operating officer directly owned 68,496 shares in the company, valued at approximately $6,301,632. The trade was a 12.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul V. Walsh, Jr. sold 500 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $80.87, for a total value of $40,435.00. Following the transaction, the director directly owned 24,279 shares of the company’s stock, valued at $1,963,442.73. This represents a 2.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 46,884 shares of company stock valued at $3,918,630. 0.48% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SMTC. Corient Private Wealth LLC bought a new stake in shares of Semtech in the 4th quarter worth approximately $217,000. MML Investors Services LLC bought a new position in Semtech in the fourth quarter worth $217,000. Tidal Investments LLC acquired a new stake in Semtech during the second quarter worth $209,000. Evergreen Capital Management LLC acquired a new stake in Semtech during the second quarter worth $206,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Semtech by 821.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,544 shares of the semiconductor company’s stock valued at $182,000 after buying an additional 2,268 shares during the period.

Semtech Company Profile

Semtech Corporation is a leading supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms. The company’s products address a broad range of applications in the Internet of Things (IoT), data center and telecom, industrial, home automation, automotive, and aerospace markets. Semtech’s portfolio includes power management, signal integrity, protection devices, wireless and sensing technologies that enable smarter, more connected systems worldwide.

A core offering from Semtech is its LoRa® technology, a low-power, long-range wireless communication platform that has become a de facto standard for global IoT deployments.