Semtech (SMTC) to Release Earnings on Wednesday

Semtech (NASDAQ:SMTC - Get Free Report) is expected to be announcing its Q1 2026 earnings results before the market opens on Wednesday, June 4th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $250.09 million for the quarter. Semtech has set its Q1 guidance at $0.34-0.40 EPS and its Q1 2026 guidance at 0.340-0.400 EPS.

Semtech (NASDAQ:SMTC - Get Free Report) last issued its earnings results on Thursday, March 13th. The semiconductor company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.32 by $0.08. The company had revenue of $251.00 million during the quarter, compared to the consensus estimate of $249.40 million. The firm's revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.06) EPS. On average, analysts expect Semtech to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Semtech Stock Down 3.4%

Shares of SMTC stock traded down $1.25 during trading on Thursday, hitting $35.76. The company had a trading volume of 2,377,492 shares, compared to its average volume of 2,181,937. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of -2.74, a price-to-earnings-growth ratio of 2.12 and a beta of 1.88. Semtech has a 52 week low of $24.05 and a 52 week high of $79.52. The stock's 50-day moving average is $33.04 and its two-hundred day moving average is $47.19.

Wall Street Analyst Weigh In

SMTC has been the subject of a number of analyst reports. Robert W. Baird decreased their target price on shares of Semtech from $80.00 to $60.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. UBS Group reduced their price objective on Semtech from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Morgan Stanley set a $43.00 price objective on shares of Semtech in a research report on Wednesday. Benchmark reaffirmed a "buy" rating and set a $68.00 target price on shares of Semtech in a research note on Wednesday. Finally, Stifel Nicolaus upped their price target on shares of Semtech from $35.00 to $42.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $58.58.

Insider Buying and Selling

In other Semtech news, CFO Mark Lin sold 2,907 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $37.71, for a total value of $109,622.97. Following the completion of the transaction, the chief financial officer now owns 13,481 shares in the company, valued at approximately $508,368.51. This represents a 17.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Strs Ohio bought a new position in Semtech during the 1st quarter valued at about $65,000. Jones Financial Companies Lllp grew its holdings in shares of Semtech by 12,214.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company's stock valued at $89,000 after acquiring an additional 2,565 shares in the last quarter. Empowered Funds LLC grew its position in shares of Semtech by 11.5% in the 1st quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company's stock valued at $323,000 after acquiring an additional 968 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Semtech by 5.8% during the 1st 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 last quarter.

Semtech Company Profile

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.