Semtech (NASDAQ:SMTC) Releases Q1 2027 Earnings Guidance

Key Points

• Q1 2027 guidance: Semtech issued EPS guidance of $0.420–$0.480 and revenue guidance of $278.0M–$288.0M, both above consensus estimates (EPS consensus $0.370; revenue consensus $272.1M).
• Analysts have largely raised targets and maintained positive views—14 Buys, 1 Hold, 1 Sell—with an average rating of "Moderate Buy" and an average price target of $93.14.
• Shares traded up ~1.9% to $88.65 after the announcement; Semtech also recently beat quarterly estimates (EPS $0.44 vs. $0.43 consensus) with revenue of $274.4M, up 9.3% year‑over‑year.

Semtech (NASDAQ:SMTC - Get Free Report) updated its first quarter 2027 earnings guidance on Thursday. 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.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Benchmark restated a "buy" rating and set a $115.00 price objective on shares of Semtech in a research report on Tuesday, March 17th. Needham & Company LLC increased their target price on Semtech from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Tuesday, March 17th. Morgan Stanley increased their target price on Semtech from $75.00 to $85.00 and gave the company an "equal weight" rating in a research report on Monday, March 16th. Wall Street Zen downgraded Semtech from a "strong-buy" rating to a "buy" rating in a research report on Monday, January 26th. Finally, Craig Hallum increased their target price on Semtech from $80.00 to $105.00 and gave the company a "buy" rating in a research report on Tuesday, March 17th. Fourteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Semtech presently has an average rating of "Moderate Buy" and an average price target of $93.14.

Semtech Trading Up 1.9%

Shares of SMTC traded up $1.70 during mid-day trading on Thursday, reaching $88.65. 1,281,593 shares of the company were exchanged, compared to its average volume of 1,895,021. Semtech has a 52 week low of $24.05 and a 52 week high of $96.46. 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 market capitalization of $8.24 billion, a PE ratio of -201.47 and a beta of 2.06. The business has a 50 day simple moving average of $84.08 and a two-hundred day simple moving average of $76.11.

Semtech (NASDAQ:SMTC - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $273.14 million. During the same period last year, the company earned $0.40 earnings per share. The firm's revenue was up 9.3% compared to the same quarter last year. On average, analysts predict that Semtech will post -0.02 earnings per share for the current fiscal year.

Insider Activity at Semtech

In related news, COO Asaf Silberstein sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $92.00, for a total transaction of $920,000.00. Following the completion of the sale, the chief operating officer owned 68,496 shares of the company's stock, valued at $6,301,632. This trade represents a 12.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul V. Walsh, Jr. sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $80.87, for a total value of $40,435.00. Following the sale, 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. Insiders sold 47,918 shares of company stock valued at $3,996,697 over the last ninety days. Insiders own 0.48% of the company's stock.

Institutional Investors Weigh In On Semtech

A number of hedge funds have recently added to or reduced their stakes in the company. Corient Private Wealth LLC acquired a new stake in Semtech in the fourth quarter valued at approximately $221,000. Pacer Advisors Inc. grew its stake in Semtech by 38.8% in the fourth quarter. Pacer Advisors Inc. now owns 16,129 shares of the semiconductor company's stock valued at $1,189,000 after acquiring an additional 4,509 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in Semtech by 23.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,987,888 shares of the semiconductor company's stock valued at $146,488,000 after acquiring an additional 374,548 shares during the period. Invesco Ltd. grew its stake in Semtech by 20.3% in the fourth quarter. Invesco Ltd. now owns 1,251,104 shares of the semiconductor company's stock valued at $92,194,000 after acquiring an additional 211,149 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in Semtech in the fourth quarter valued at approximately $514,000.

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.

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