Semtech (NASDAQ:SMTC) Posts Quarterly Earnings Results

Semtech (NASDAQ:SMTC) issued its earnings results on Monday. The semiconductor company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.03, Briefing.com reports. Semtech had a negative return on equity of 154.99% and a negative net margin of 99.08%. The business had revenue of $236.80 million during the quarter, compared to analysts’ expectations of $232.89 million. During the same period in the prior year, the business earned $0.02 EPS. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. Semtech updated its Q4 guidance to $0.29-0.35 EPS and its Q4 2025 guidance to 0.290-0.350 EPS.

Semtech Price Performance

Shares of SMTC stock opened at $63.11 on Wednesday. The stock’s 50-day simple moving average is $45.83 and its 200-day simple moving average is $38.96. Semtech has a fifty-two week low of $15.63 and a fifty-two week high of $66.64.

Analyst Upgrades and Downgrades

SMTC has been the subject of several research reports. Northland Securities upped their target price on Semtech from $46.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday. Susquehanna upped their price objective on Semtech from $55.00 to $60.00 and gave the stock a “positive” rating in a research note on Thursday, November 21st. Roth Mkm upped their price objective on Semtech from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday. B. Riley upped their price objective on Semtech from $61.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 target price (up from $50.00) on shares of Semtech in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.70.

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.