Semtech (NASDAQ:SMTC) Issues Quarterly Earnings Results

Semtech (NASDAQ:SMTC) issued its earnings results on Tuesday. The semiconductor company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.45 by $0.06, FiscalAI reports. Semtech had a positive return on equity of 18.09% and a negative net margin of 3.86%.The business had revenue of $291.00 million during the quarter, compared to the consensus estimate of $283.53 million. Semtech updated its Q2 2027 guidance to 0.590-0.630 EPS.

Semtech Price Performance

SMTC stock traded up $7.68 during midday trading on Tuesday, reaching $164.46. The company had a trading volume of 8,208,461 shares, compared to its average volume of 2,239,979. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.37 and a quick ratio of 1.66. Semtech has a 1 year low of $34.59 and a 1 year high of $168.29. The company has a market capitalization of $15.31 billion, a P/E ratio of -373.77 and a beta of 2.22. The firm has a 50-day moving average price of $102.46 and a 200-day moving average price of $86.90.

Analysts Set New Price Targets

Several brokerages have commented on SMTC. Needham & Company LLC raised their target price on Semtech from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, March 17th. Robert W. Baird increased their target price on shares of Semtech from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. Oppenheimer increased their target price on shares of Semtech from $110.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday. B. Riley Financial reiterated a “buy” rating on shares of Semtech in a research note on Tuesday, May 12th. Finally, Northland Securities cut shares of Semtech from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Semtech currently has a consensus rating of “Moderate Buy” and an average price target of $118.50.

Insiders Place Their Bets

In other Semtech news, CFO Mark Lin sold 9,186 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $75.05, for a total value of $689,409.30. Following the completion of the transaction, the chief financial officer owned 32,710 shares of the company’s stock, valued at $2,454,885.50. The trade was a 21.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jason Elliot Green sold 7,500 shares of Semtech stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $81.73, for a total value of $612,975.00. Following the sale, the executive vice president directly owned 8,811 shares of the company’s stock, valued at approximately $720,123.03. This trade represents a 45.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 36,884 shares of company stock worth $3,069,245. 0.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Semtech

Several hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its stake in Semtech by 10.3% during the second quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock worth $321,040,000 after purchasing an additional 666,456 shares during the last quarter. State Street Corp raised its stake in shares of Semtech by 1.5% during the second quarter. State Street Corp now owns 4,037,107 shares of the semiconductor company’s stock worth $182,235,000 after acquiring an additional 60,788 shares in the last quarter. Whale Rock Capital Management LLC raised its stake in shares of Semtech by 11.3% during the fourth quarter. Whale Rock Capital Management LLC now owns 3,901,469 shares of the semiconductor company’s stock worth $287,499,000 after acquiring an additional 396,504 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Semtech by 9.8% during the second quarter. Alliancebernstein L.P. now owns 3,318,384 shares of the semiconductor company’s stock worth $149,792,000 after acquiring an additional 294,990 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its stake in shares of Semtech by 4.2% during the second quarter. Disciplined Growth Investors Inc. MN now owns 2,894,536 shares of the semiconductor company’s stock worth $130,659,000 after acquiring an additional 115,921 shares in the last quarter.

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.