Semtech (NASDAQ:SMTC – Get Free Report) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.20-$0.26 for the period, compared to the consensus earnings per share estimate of $0.21. The company issued revenue guidance of $228-$238 million, compared to the consensus revenue estimate of $227.47 million.
Semtech Stock Performance
Shares of NASDAQ SMTC traded up $1.13 during midday trading on Tuesday, hitting $38.16. The company’s stock had a trading volume of 2,290,134 shares, compared to its average volume of 1,895,294. The firm has a market cap of $2.47 billion, a P/E ratio of -2.19 and a beta of 1.55. Semtech has a 1-year low of $13.13 and a 1-year high of $46.86. The firm’s fifty day moving average price is $32.35 and its 200-day moving average price is $31.16.
Semtech (NASDAQ:SMTC – Get Free Report) last released its quarterly earnings data on Wednesday, June 5th. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.17). Semtech had a negative return on equity of 154.99% and a negative net margin of 129.52%. The business had revenue of $206.11 million during the quarter, compared to analyst estimates of $200.16 million. As a group, research analysts predict that Semtech will post -0.03 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on SMTC
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.
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