Semtech (NASDAQ:SMTC) Issues Q1 2025 Earnings Guidance

Semtech (NASDAQ:SMTC) updated its first quarter 2025 earnings guidance on Thursday. The company provided earnings per share guidance of -0.040-0.040 for the period, compared to the consensus earnings per share estimate of 0.020. The company issued revenue guidance of $195.0 million-$205.0 million, compared to the consensus revenue estimate of $200.6 million. Semtech also updated its Q1 guidance to $(0.04)-$0.04 EPS.

Analyst Ratings Changes

Several brokerages recently weighed in on SMTC. Needham & Company LLC reduced their price target on Semtech from $35.00 to $26.00 and set a buy rating on the stock in a research note on Thursday, December 7th. Roth Mkm reduced their price target on Semtech from $46.00 to $42.00 and set a buy rating on the stock in a research note on Thursday, December 7th. Robert W. Baird reaffirmed an outperform rating and issued a $40.00 price target on shares of Semtech in a research note on Tuesday. Stifel Nicolaus boosted their target price on Semtech from $22.00 to $26.00 and gave the stock a buy rating in a report on Tuesday, January 2nd. Finally, Susquehanna boosted their target price on Semtech from $25.00 to $30.00 and gave the stock a positive rating in a report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $33.10.

Semtech Stock Performance

Shares of NASDAQ:SMTC traded down $0.37 during midday trading on Thursday, reaching $27.49. 5,667,109 shares of the company’s stock traded hands, compared to its average volume of 1,327,169. The company has a market cap of $1.77 billion, a price-to-earnings ratio of -3.51, a P/E/G ratio of 14.68 and a beta of 1.81. The company has a debt-to-equity ratio of 4.11, a quick ratio of 1.72 and a current ratio of 2.39. Semtech has a one year low of $13.13 and a one year high of $32.44. The stock has a 50 day moving average of $21.48 and a 200 day moving average of $20.40.

Institutional Trading of Semtech

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Semtech during the first quarter worth about $248,000. Bank of Montreal Can lifted its stake in shares of Semtech by 24.8% in the 1st quarter. Bank of Montreal Can now owns 5,486 shares of the semiconductor company’s stock valued at $397,000 after purchasing an additional 1,089 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Semtech by 2.2% in the 1st quarter. Rhumbline Advisers now owns 180,638 shares of the semiconductor company’s stock valued at $12,525,000 after purchasing an additional 3,874 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Semtech by 10.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,975 shares of the semiconductor company’s stock worth $1,662,000 after acquiring an additional 2,265 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Semtech by 3.7% during the 1st quarter. BlackRock Inc. now owns 7,160,578 shares of the semiconductor company’s stock worth $496,515,000 after acquiring an additional 257,224 shares during the last quarter.

Semtech Company Profile

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products 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.