Semtech (NASDAQ:SMTC) updated its first quarter 2020 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.30-0.36 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.51. The company issued revenue guidance of $125-135 million, compared to the consensus revenue estimate of $156.16 million.Semtech also updated its Q1 guidance to $0.30-0.36 EPS.
A number of research analysts have weighed in on the stock. B. Riley decreased their target price on shares of Semtech from $68.00 to $65.00 and set a buy rating on the stock in a research note on Thursday. Roth Capital lowered shares of Semtech from a buy rating to a neutral rating and set a $49.00 target price on the stock. in a research note on Thursday. BidaskClub lowered shares of Semtech from a buy rating to a hold rating in a research report on Thursday, March 7th. ValuEngine lowered shares of Semtech from a strong-buy rating to a buy rating in a research report on Friday, March 1st. Finally, Zacks Investment Research raised shares of Semtech from a sell rating to a hold rating in a research report on Friday, February 1st. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $59.00.
SMTC stock opened at $51.98 on Friday. The company has a market cap of $3.63 billion, a PE ratio of 37.13, a PEG ratio of 2.44 and a beta of 1.67. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.53 and a current ratio of 4.03. Semtech has a one year low of $37.60 and a one year high of $60.55.
Semtech (NASDAQ:SMTC) last released its quarterly earnings results on Wednesday, March 13th. The semiconductor company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.02. The firm had revenue of $160.00 million for the quarter, compared to analyst estimates of $158.48 million. Semtech had a net margin of 7.97% and a return on equity of 14.23%. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 EPS. Analysts forecast that Semtech will post 1.56 earnings per share for the current year.
In related news, Director Rockell N. Hankin sold 10,000 shares of Semtech stock in a transaction that occurred on Thursday, January 10th. The shares were sold at an average price of $50.04, for a total value of $500,400.00. Following the completion of the sale, the director now owns 144,940 shares in the company, valued at approximately $7,252,797.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Emeka Chukwu sold 1,100 shares of Semtech stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $54.97, for a total transaction of $60,467.00. Following the completion of the sale, the chief financial officer now owns 98,297 shares of the company’s stock, valued at approximately $5,403,386.09. The disclosure for this sale can be found here. Insiders sold a total of 52,300 shares of company stock valued at $2,516,512 in the last quarter. 2.30% of the stock is owned by insiders.
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Semtech Company Profile
Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. The company provides signal integrity products, including a portfolio of optical data communications and video transport products used in various enterprise computing, industrial, communications, and high-end consumer applications; and a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications.
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