Semtech (NASDAQ:SMTC) Updates Q4 Earnings Guidance

Semtech (NASDAQ:SMTC) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $0.29-0.35 for the period, compared to the consensus earnings per share estimate of $0.27. The company issued revenue guidance of $245-255 million, compared to the consensus revenue estimate of $242.03 million. Semtech also updated its Q4 2025 guidance to 0.290-0.350 EPS.

Semtech Trading Up 18.1 %

NASDAQ:SMTC opened at $63.11 on Wednesday. Semtech has a 12 month low of $15.63 and a 12 month high of $66.64. The firm has a fifty day simple moving average of $45.83 and a 200-day simple moving average of $38.96.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Monday, November 25th. The semiconductor company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. Semtech had a negative net margin of 99.08% and a negative return on equity of 154.99%. The business had revenue of $236.80 million during the quarter, compared to the consensus estimate of $232.89 million. During the same period in the previous year, the firm posted $0.02 earnings per share. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. On average, sell-side analysts predict that Semtech will post -0.07 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on SMTC. Piper Sandler reissued an “overweight” rating and set a $75.00 target price (up previously from $60.00) on shares of Semtech in a report on Tuesday. B. Riley raised their target price on shares of Semtech from $61.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday. Needham & Company LLC reissued a “buy” rating and set a $70.00 target price (up previously from $50.00) on shares of Semtech in a report on Tuesday. Northland Securities lifted their price objective on shares of Semtech from $46.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Stifel Nicolaus lifted their price objective on shares of Semtech from $58.00 to $65.00 and gave the company a “buy” rating in a 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.70.

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.