Semtech (NASDAQ:SMTC) Releases FY 2030 Earnings Guidance

Semtech (NASDAQ:SMTC) updated its FY 2030 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 12.400-13.000 for the period. The company issued revenue guidance of $3.2 billion. Semtech also updated its Q3 2027 guidance to 1.120-1.160 EPS.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. TD Cowen restated a “buy” rating and set a $215.00 target price on shares of Semtech in a research note on Friday, October 16th. Morgan Stanley set a $205.00 price target on shares of Semtech in a report on Friday, October 16th. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 price target on shares of Semtech in a research note on Wednesday, August 26th. UBS Group boosted their price objective on shares of Semtech from $225.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Finally, Benchmark restated a “buy” rating on shares of Semtech in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Semtech has an average rating of “Moderate Buy” and a consensus price target of $213.11.

Semtech Trading Up 4.0%

NASDAQ:SMTC opened at $141.63 on Thursday. Semtech has a one year low of $60.28 and a one year high of $201.99. The business has a fifty day moving average price of $157.32 and a 200-day moving average price of $140.96. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 93.80 and a beta of 2.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.31.

Semtech (NASDAQ:SMTC) last released its earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.10. Semtech had a return on equity of 21.74% and a net margin of 13.11%. The company had revenue of $341.87 million for the quarter, compared to the consensus estimate of $328.67 million. During the same period in the previous year, the business earned $0.41 earnings per share. Semtech’s quarterly revenue was up 32.7% compared to the same quarter last year. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Sell-side analysts forecast that Semtech will post 2.80 EPS for the current year.

Insider Activity at Semtech

In related news, Director Rodolpho C. Cardenuto sold 5,321 shares of Semtech stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $877,965.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jason Elliot Green sold 2,766 shares of the business’s stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of $190.35, for a total value of $526,508.10. Following the completion of the transaction, the executive vice president directly owned 7,367 shares in the company, valued at approximately $1,402,308.45. This represents a 27.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 13,737 shares of company stock worth $2,267,877 in the last 90 days. Insiders own 0.44% of the company’s stock.

About Semtech

Semtech Corporation (NASDAQ:SMTC) is a global semiconductor and infrastructure technology company that develops analog and mixed-signal products for communications, industrial, data center, consumer, and automotive applications. Its portfolio is designed to improve connectivity, power efficiency, signal integrity, and protection in electronic systems.

The company’s products include high-speed connectivity solutions for data centers and communications networks, power management and protection devices, signal integrity components, and wireless and radio-frequency technologies.