Semtech (NASDAQ:SMTC) Director Sells $39,125.00 in Stock

Semtech Corporation (NASDAQ:SMTC) Director Paul Walsh, Jr. sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $78.25, for a total transaction of $39,125.00. Following the transaction, the director owned 25,279 shares of the company’s stock, valued at approximately $1,978,081.75. This represents a 1.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Semtech Trading Up 0.5%

SMTC opened at $80.52 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.71 and a current ratio of 2.43. Semtech Corporation has a twelve month low of $24.05 and a twelve month high of $83.80. The firm’s fifty day moving average is $74.28 and its two-hundred day moving average is $65.22. The firm has a market cap of $7.45 billion, a PE ratio of 259.74 and a beta of 2.01.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings data 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 return on equity of 17.00% and a net margin of 2.77%.The business had revenue of $266.97 million for the quarter, compared to the consensus estimate of $266.36 million. During the same quarter last year, the business posted $0.26 EPS. The firm’s 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. Equities research analysts anticipate that Semtech Corporation will post -0.02 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on SMTC. B. Riley lifted their price target on shares of Semtech from $90.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Wall Street Zen cut shares of Semtech from a “strong-buy” rating to a “buy” rating in a research report on Monday. Needham & Company LLC reaffirmed a “buy” rating and issued a $80.00 target price on shares of Semtech in a research note on Tuesday, November 25th. Oppenheimer reiterated an “outperform” rating and set a $81.00 target price on shares of Semtech in a report on Tuesday, November 25th. Finally, Stifel Nicolaus boosted their price target on Semtech from $80.00 to $90.00 and gave the company a “buy” rating in a report on Friday, January 16th. Fourteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Semtech currently has an average rating of “Moderate Buy” and a consensus price target of $79.21.

Institutional Investors Weigh In On Semtech

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp grew its stake in shares of Semtech by 12,214.3% in the first quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock valued at $89,000 after buying an additional 2,565 shares in the last quarter. Empowered Funds LLC lifted its stake in Semtech by 11.5% in the first quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company’s stock valued at $323,000 after acquiring an additional 968 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Semtech by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 411,814 shares of the semiconductor company’s stock valued at $14,166,000 after acquiring an additional 22,629 shares during the period. Strs Ohio bought a new position in shares of Semtech in the 1st quarter valued at about $65,000. Finally, GAMMA Investing LLC increased its stake in shares of Semtech by 26.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,807 shares of the semiconductor company’s stock worth $172,000 after purchasing an additional 791 shares during the last quarter.

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.