Semtech (NASDAQ:SMTC) Posts Earnings Results, Beats Estimates By $0.03 EPS

Semtech (NASDAQ:SMTC) posted its earnings results on Monday. The semiconductor company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03, Briefing.com reports. Semtech had a negative net margin of 107.21% and a negative return on equity of 154.99%. The firm had revenue of $236.80 million during the quarter, compared to analysts’ expectations of $232.89 million. During the same period last year, the company posted $0.02 EPS. The company’s quarterly revenue 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 Stock Performance

NASDAQ SMTC opened at $53.44 on Tuesday. The company has a market capitalization of $4.02 billion, a P/E ratio of -3.94 and a beta of 1.54. The stock has a 50 day moving average price of $45.83 and a 200-day moving average price of $38.96. Semtech has a one year low of $15.63 and a one year high of $53.74.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SMTC shares. Benchmark reaffirmed a “buy” rating and issued a $56.00 price target on shares of Semtech in a research note on Monday, October 7th. Susquehanna boosted their price target on Semtech from $55.00 to $60.00 and gave the stock a “positive” rating in a research note on Thursday, November 21st. B. Riley boosted their price objective on shares of Semtech from $58.00 to $61.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Summit Insights downgraded Semtech from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Finally, Stifel Nicolaus raised their target price on shares of Semtech from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $54.10.

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.