Semtech (NASDAQ:SMTC) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Semtech (NASDAQ:SMTC) released its quarterly earnings results on Tuesday. The semiconductor company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01, Briefing.com reports. The firm had revenue of $215.40 million for the quarter, compared to analysts’ expectations of $212.30 million. Semtech had a negative net margin of 129.52% and a negative return on equity of 154.99%. The business’s quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. Semtech updated its Q3 guidance to $0.20-$0.26 EPS and its Q3 2025 guidance to 0.200-0.260 EPS.

Semtech Stock Up 11.2 %

NASDAQ SMTC opened at $42.43 on Thursday. The company has a 50-day simple moving average of $32.78 and a two-hundred day simple moving average of $31.36. Semtech has a 12-month low of $13.13 and a 12-month high of $46.86. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of -2.51 and a beta of 1.55.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SMTC shares. B. Riley upped their price target on shares of Semtech from $58.00 to $61.00 and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus upped their price target on shares of Semtech from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday. Susquehanna upped their price target on shares of Semtech from $45.00 to $55.00 and gave the stock a “positive” rating in a report on Thursday, June 6th. Northland Securities upped their price target on shares of Semtech from $36.50 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. Finally, Summit Insights lowered shares of Semtech from a “buy” rating to a “hold” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Semtech currently has an average rating of “Moderate Buy” and a consensus price target of $50.00.

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.