Saar Gillai Sells 3,600 Shares of Semtech (NASDAQ:SMTC) Stock

Semtech Corporation (NASDAQ:SMTC) Director Saar Gillai sold 3,600 shares of the stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $75.26, for a total transaction of $270,936.00. Following the completion of the sale, the director owned 9,523 shares of the company’s stock, valued at approximately $716,700.98. This represents a 27.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Semtech Stock Up 7.8%

Semtech stock opened at $77.79 on Friday. Semtech Corporation has a fifty-two week low of $24.05 and a fifty-two week high of $81.32. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.71 and a current ratio of 2.43. The firm’s 50-day simple moving average is $72.54 and its 200 day simple moving average is $62.76. The stock has a market cap of $7.20 billion, a PE ratio of 250.94 and a beta of 2.01.

Semtech (NASDAQ:SMTC) last posted its earnings results on Monday, November 24th. The semiconductor company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. Semtech had a net margin of 2.77% and a return on equity of 17.00%. The firm had revenue of $266.97 million for the quarter, compared to analysts’ expectations of $266.36 million. During the same quarter last year, the firm earned $0.26 EPS. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. Research analysts predict that Semtech Corporation will post -0.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SMTC. Benchmark raised their target price on Semtech from $76.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Morgan Stanley set a $67.00 price target on shares of Semtech in a research report on Tuesday, November 25th. Cowen initiated coverage on shares of Semtech in a research report on Tuesday, September 30th. They issued a “buy” rating on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $80.00 target price on shares of Semtech in a research note on Tuesday, November 25th. Finally, Robert W. Baird raised their price target on shares of Semtech from $70.00 to $88.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. Fifteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.50.

Hedge Funds Weigh In On Semtech

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Westfield Capital Management Co. LP raised its position in shares of Semtech by 107.8% in the second quarter. Westfield Capital Management Co. LP now owns 2,747,260 shares of the semiconductor company’s stock valued at $124,011,000 after purchasing an additional 1,424,909 shares during the period. Think Investments LP purchased a new position in Semtech in the 3rd quarter valued at approximately $58,618,000. Ameriprise Financial Inc. raised its holdings in Semtech by 10.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock valued at $321,040,000 after acquiring an additional 666,456 shares during the period. Atreides Management LP purchased a new stake in shares of Semtech during the second quarter worth $29,880,000. Finally, Hood River Capital Management LLC boosted its holdings in shares of Semtech by 36.0% in the second quarter. Hood River Capital Management LLC now owns 2,244,631 shares of the semiconductor company’s stock worth $101,323,000 after acquiring an additional 594,529 shares during the period.

Semtech Company Profile

Semtech Corporation is a leading supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms. The company’s products address a broad range of applications in the Internet of Things (IoT), data center and telecom, industrial, home automation, automotive, and aerospace markets. Semtech’s portfolio includes power management, signal integrity, protection devices, wireless and sensing technologies that enable smarter, more connected systems worldwide.

A core offering from Semtech is its LoRa® technology, a low-power, long-range wireless communication platform that has become a de facto standard for global IoT deployments.