Semtech (NASDAQ:SMTC) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.45-0.47 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.46. The company issued revenue guidance of $147-153 million, compared to the consensus revenue estimate of $147.70 million.
Semtech (NASDAQ:SMTC) traded down $0.05 on Wednesday, hitting $34.90. The stock had a trading volume of 1,370,180 shares, compared to its average volume of 574,973. The company has a market cap of $2,320.00, a P/E ratio of 51.32, a PEG ratio of 4.70 and a beta of 1.40. Semtech has a 52 week low of $31.30 and a 52 week high of $41.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.20 and a current ratio of 3.80.
Semtech (NASDAQ:SMTC) last released its quarterly earnings results on Wednesday, March 14th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01. The company had revenue of $142.11 million during the quarter, compared to the consensus estimate of $140.49 million. Semtech had a return on equity of 12.13% and a net margin of 7.79%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.37 EPS. research analysts predict that Semtech will post 1.21 EPS for the current year.
In other Semtech news, CFO Emeka Chukwu sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $34.32, for a total value of $68,640.00. Following the completion of the transaction, the chief financial officer now owns 71,776 shares of the company’s stock, valued at approximately $2,463,352.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mohan Maheswaran sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $34.44, for a total value of $86,100.00. Following the completion of the transaction, the chief executive officer now directly owns 212,872 shares of the company’s stock, valued at approximately $7,331,311.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 114,034 shares of company stock valued at $3,912,067. 2.20% of the stock is owned by corporate insiders.
WARNING: “Semtech (SMTC) Issues Q1 Earnings Guidance” was posted by American Banking News and is the property of of American Banking News. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/03/14/semtech-smtc-issues-q1-earnings-guidance.html.
Semtech Company Profile
Semtech Corporation is a supplier of analog and mixed-signal semiconductor products. The Company designs, develops and markets a range of products for commercial applications, which are sold into the enterprise computing, communications, consumer and industrial end-markets. Its product lines include Signal Integrity, Protection, Wireless and Sensing, and Power and High-Reliability.
Receive News & Ratings for Semtech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Semtech and related companies with MarketBeat.com's FREE daily email newsletter.