Semtech (NASDAQ:SMTC) Issues Q3 2027 Earnings Guidance

Key Points

• Semtech raised its Q3 2027 guidance to EPS of $1.12–$1.16 and revenue of $415 million–$420 million, above consensus estimates of $1.02 EPS and $410.6 million revenue.
• The company also issued FY2030 EPS guidance of $12.40–$13.00. Analysts remain broadly positive, with a “Moderate Buy” consensus rating and an average price target of $213.11.
• Semtech shares rose 4.0% to $141.63, while insiders have sold 13,737 shares worth approximately $2.27 million over the past three months.

Semtech (NASDAQ:SMTC - Get Free Report) updated its third quarter 2027 earnings guidance on Wednesday. The company provided EPS guidance of 1.120-1.160 for the period, compared to the consensus earnings per share 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.

Analyst Upgrades and Downgrades

SMTC has been the subject of a number of research analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $200.00 target price on shares of Semtech in a research note on Wednesday, August 26th. Stifel Nicolaus dropped their price target on Semtech from $220.00 to $200.00 and set a "buy" rating on the stock in a research report on Friday, October 16th. Oppenheimer raised their price target on Semtech from $200.00 to $225.00 and gave the stock an "outperform" rating in a research report on Thursday, October 1st. Robert W. Baird lifted their price objective on Semtech from $225.00 to $300.00 and gave the company an "outperform" rating in a report on Thursday, August 27th. Finally, Roth Capital set a $220.00 price objective on Semtech in a research report on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Semtech presently has an average rating of "Moderate Buy" and a consensus price target of $213.11.

Semtech Stock Up 4.0%

Shares of SMTC stock traded up $5.43 during trading hours on Wednesday, hitting $141.63. 2,707,764 shares of the company were exchanged, compared to its average volume of 2,883,047. Semtech has a 52 week low of $60.28 and a 52 week high of $201.99. The company has a current ratio of 1.70, a quick ratio of 1.31 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average of $157.28 and a two-hundred day moving average of $140.55. The company has a market capitalization of $13.22 billion, a PE ratio of 93.80 and a beta of 2.41.

Semtech (NASDAQ:SMTC - Get Free Report) last posted its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.61 by $0.10. The business 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 firm's revenue was up 32.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Analysts anticipate that Semtech will post 2.80 earnings per share for the current fiscal year.

Insider Transactions at Semtech

In related news, EVP Jason Elliot Green sold 2,766 shares of the stock in a transaction dated Wednesday, October 7th. The stock was 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 directly owned 7,367 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul V. Walsh, Jr. sold 500 shares of Semtech stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $172.61, for a total value of $86,305.00. Following the completion of the sale, the director directly owned 26,600 shares in the company, valued at approximately $4,591,426. This represents a 1.85% 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. Over the last three months, insiders have sold 13,737 shares of company stock worth $2,267,877. 0.44% of the stock is currently owned by company insiders.

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.

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