Semtech Corporation (SMTC) Stock Rises on Q1 2027 Earnings

Semtech Corporation (SMTC) reported first-quarter fiscal 2027 revenue of $291 million, up 15.9% year‑over‑year and slightly above the consensus estimate of $289.1 million.

Gross profit was $151.5 million, a 15.4% increase versus last year, with cost of sales at $139.6 million. Operating profit fell to $25.8 million, down 28.3% year‑over‑year, while net income attributable to common shareholders rose to $26.5 million, up 37.0%. Diluted earnings per share came in at $0.27, a 22.7% increase year‑over‑year but below the estimate of $0.46.

Cash flow and balance-sheet highlights include operating cash flow of $61.5 million, up 121.0% year‑over‑year; capital expenditures of $2.43 million, up 47.3%; and cash and cash equivalents of $163.3 million. Total liabilities stood at $865.6 million.

Key takeaways:

Top-line growth of 15.9% with revenue slightly above expectations.

Gross profit rose, but operating profit declined sharply.

Net income and diluted EPS improved year‑over‑year despite the EPS falling short of estimate.

Significant improvement in operating cash flow supported liquidity.

Shares moved approximately 2.4% since market close.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Semtech Corporation Insider Trading Activity

Semtech Corporation insiders have traded $SMTC stock on the open market 21 times in the past 6 months. Of those trades, 0 have been purchases and 21 have been sales.

Here’s a breakdown of recent trading of $SMTC stock by insiders over the last 6 months:

ASAF SILBERSTEIN (EVP and COO) has made 0 purchases and 5 sales selling 35,500 shares for an estimated $3,051,245.
MARK LIN (EVP and CFO) has made 0 purchases and 5 sales selling 23,743 shares for an estimated $1,916,288.
HONG Q HOU (President and CEO) has made 0 purchases and 2 sales selling 12,000 shares for an estimated $920,988.
JOHN MICHAEL WILSON (Chief Quality Officer and CTO) sold 5,000 shares for an estimated $375,600
SAAR GILLAI sold 3,600 shares for an estimated $270,945
MARTIN BURVILL sold 2,500 shares for an estimated $222,448
PAUL V JR WALSH has made 0 purchases and 5 sales selling 2,500 shares for an estimated $212,450.
GREGORY MICHAEL FISCHER sold 1,034 shares for an estimated $78,067

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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Semtech Corporation Hedge Fund Activity

We have seen 257 institutional investors add shares of Semtech Corporation stock to their portfolio, and 195 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

WHALE ROCK CAPITAL MANAGEMENT LLC removed 3,901,469 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $299,983,951
MACQUARIE GROUP LTD removed 2,890,543 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $213,004,113
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 1,306,345 shares (-81.0%) from their portfolio in Q4 2025, for an estimated $96,264,563
POINT72 ASSET MANAGEMENT, L.P. removed 1,208,272 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $92,904,034
WESTFIELD CAPITAL MANAGEMENT CO LP removed 1,168,018 shares (-47.7%) from their portfolio in Q1 2026, for an estimated $89,808,904
ARTISAN PARTNERS LIMITED PARTNERSHIP added 1,064,429 shares (+215.6%) to their portfolio in Q1 2026, for an estimated $81,843,945
BLACKROCK, INC. added 1,033,164 shares (+7.8%) to their portfolio in Q1 2026, for an estimated $79,439,979

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

Semtech Corporation Congressional Stock Trading

Members of Congress have traded $SMTC stock 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $SMTC stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 2 purchases worth up to $30,000 on 03/03, 01/20 and 0 sales.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

Semtech Corporation Price Targets

Multiple analysts have issued price targets for $SMTC recently. We have seen 12 analysts offer price targets for $SMTC in the last 6 months, with a median target of $121.0.

Here are some recent targets:

Joseph Moore from Morgan Stanley set a target price of $155.0 on 05/26/2026
Rick Schafer from Oppenheimer set a target price of $150.0 on 05/22/2026
Christopher Rolland from Susquehanna set a target price of $170.0 on 05/20/2026
Timothy Arcuri from UBS set a target price of $165.0 on 05/18/2026
Joshua Buchalter from TD Cowen set a target price of $165.0 on 05/15/2026
Craig Kennison from B. Riley Securities set a target price of $122.0 on 04/16/2026
Cody Acree from Benchmark set a target price of $120.0 on 04/14/2026