Semtech Corporation (NASDAQ:SMTC ) Q2 2025 Earnings Conference Call August 27, 2024 5:00 PM ET Company Participants Mark Lin - Executive Vice President & Chief Financial Officer Hong Hou - President & Chief Executive Officer Conference Call Participants Quinn Bolton - Needham & Company Tore Svanberg - Stifel Christopher Rolland - Susquehanna Harsh Kumar - Piper Sandler Scott Searle - ROTH Capital Partners Craig Ellis - B. Riley Securities Gus Richard - Northland Capital Operator Greetings and welcome to the Semtech Corporation Second Quarter Fiscal Year 2025 Earnings Call.
Besides Wall Street's top -and-bottom-line estimates for Semtech (SMTC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended July 2024.
A sharp, bullish upturn in sentiment for chip stocks benefited the company. What also helped was a positive research note authored by an analyst.
The mean of analysts' price targets for Semtech (SMTC) points to a 35.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Semtech (SMTC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Upgraded rating from hold to buy based on positive industry trends and evidence of growth recovery. Expecting continued positive sequential growth for Semtech, supported by strong bookings and healthy channel inventories. Target price of ~$48 based on modeling for FY27 EBITDA, with expectations of growth acceleration in FY26/27 and EBITDA margins recovery.
Semtech stock reported a smaller-than-expected loss yesterday, but still lost money. It's probably going to lose money for all of this year as well.
The termination without cause isn't related to a violation of Semtech's code of conduct or Semtech's operational or financial performance, and shouldn't impact any previous financial statements, the chipmaker said.
Semtech exceeded expectations on Q1 earnings last night, and investors were at first overjoyed. Semtech still lost money, however, and while that may change, it's likely to lose money this year.
Semtech's (SMTC) fiscal first-quarter results benefit from strong momentum across the infrastructure and consumer markets amid softness in the industrial market.
Shares of Semtech Co. NASDAQ: SMTC had been stuck in limbo until recently. For the past two years, the stock struggled to break out of its $20 to $30 price channel.
Semtech Corporation (NASDAQ:SMTC ) Q1 2025 Earnings Conference Call June 5, 2024 5:00 PM ET Company Participants Mark Lin - Executive Vice President & Chief Financial Officer Paul Pickle - President & Chief Executive Officer Conference Call Participants Harsh Kumar - Piper Sandler Tore Svanberg - Stifel Quinn Bolton - Needham & Company Rick Schafer - Oppenheimer & Company Cody Acree - The Benchmark Company Tristan Gerra - Baird Craig Ellis - B. Riley Securities Scott Searle - ROTH Capital Partners Anthony Stoss - Craig-Hallum Operator Greetings.