Semtech (NASDAQ:SMTC) Updates Q2 2026 Earnings Guidance

Semtech (NASDAQ:SMTC - Get Free Report) updated its second quarter 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.370-0.43 for the period. The company issued revenue guidance of $251.0 million-$261.0 million.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SMTC. Craig Hallum dropped their price target on Semtech from $70.00 to $55.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Needham & Company LLC reissued a "buy" rating and set a $54.00 target price on shares of Semtech in a research note on Friday, March 14th. Piper Sandler reissued an "overweight" rating and set a $55.00 target price (down from $75.00) on shares of Semtech in a research note on Monday, February 10th. Benchmark cut their target price on shares of Semtech from $82.00 to $68.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Finally, Morgan Stanley boosted their target price on shares of Semtech from $30.00 to $40.00 and gave the company an "equal weight" rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Semtech has an average rating of "Moderate Buy" and a consensus target price of $58.33.

Semtech Trading Up 4.0%

Shares of SMTC traded up $1.50 during mid-day trading on Tuesday, hitting $38.78. 4,106,293 shares of the company traded hands, compared to its average volume of 2,161,924. Semtech has a one year low of $24.05 and a one year high of $79.52. The business has a 50-day moving average of $33.13 and a 200 day moving average of $47.32. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of -2.97, a PEG ratio of 2.12 and a beta of 1.88.

Semtech (NASDAQ:SMTC - Get Free Report) last released its quarterly earnings results on Tuesday, May 27th. The semiconductor company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.21 by $0.10. As a group, analysts anticipate that Semtech will post -0.02 earnings per share for the current year.

Insider Buying and Selling at Semtech

In other Semtech news, CFO Mark Lin sold 2,907 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $37.71, for a total value of $109,622.97. Following the sale, the chief financial officer now directly owns 13,481 shares in the company, valued at approximately $508,368.51. This trade represents a 17.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.60% of the company's stock.

Institutional Investors Weigh In On Semtech

Several hedge funds have recently bought and sold shares of SMTC. Jones Financial Companies Lllp raised its holdings in Semtech by 12,214.3% in the first quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company's stock worth $89,000 after purchasing an additional 2,565 shares during the period. Empowered Funds LLC raised its holdings in shares of Semtech by 11.5% during the first quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company's stock worth $323,000 after acquiring an additional 968 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Semtech by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 411,814 shares of the semiconductor company's stock worth $14,166,000 after acquiring an additional 22,629 shares during the period.

About Semtech

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.

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