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 Price Performance

SMTC stock opened at $63.11 on Wednesday. Semtech has a 52 week low of $15.63 and a 52 week high of $66.64. The firm has a 50-day simple moving average of $45.83 and a 200-day simple moving average of $38.96.

Semtech (NASDAQ:SMTC) last announced its quarterly earnings data on Monday, November 25th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating 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 company had revenue of $236.80 million during the quarter, compared to analysts’ expectations of $232.89 million. During the same quarter in the prior year, the company earned $0.02 EPS. Semtech’s revenue was up 17.9% compared to the same quarter last year. On average, analysts predict that Semtech will post -0.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SMTC. Northland Securities upped their price objective on shares of Semtech from $46.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday. Craig Hallum increased their price target on shares of Semtech from $48.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price target (up previously from $50.00) on shares of Semtech in a research note on Tuesday. Benchmark increased their price target on shares of Semtech from $56.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Piper Sandler reissued an “overweight” rating and issued a $75.00 price target (up previously from $60.00) on shares of Semtech in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.