Semtech (NASDAQ:SMTC) COO Asaf Silberstein Sells 5,000 Shares

Semtech Corporation (NASDAQ:SMTC) COO Asaf Silberstein sold 5,000 shares of Semtech stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $83.00, for a total value of $415,000.00. Following the sale, the chief operating officer owned 88,496 shares of the company’s stock, valued at approximately $7,345,168. This represents a 5.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Semtech Price Performance

NASDAQ:SMTC opened at $81.17 on Tuesday. The firm has a market cap of $7.51 billion, a price-to-earnings ratio of 261.84 and a beta of 2.01. Semtech Corporation has a 12-month low of $24.05 and a 12-month high of $83.80. The company has a current ratio of 2.43, a quick ratio of 1.71 and a debt-to-equity ratio of 0.87. The company’s 50-day moving average is $74.61 and its two-hundred day moving average is $65.45.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Monday, November 24th. The semiconductor company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Semtech had a net margin of 2.77% and a return on equity of 17.00%. The business had revenue of $266.97 million during the quarter, compared to analyst estimates of $266.36 million. During the same quarter in the previous year, the business posted $0.26 earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. Research analysts expect that Semtech Corporation will post -0.02 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SMTC shares. Morgan Stanley set a $67.00 price objective on Semtech in a research report on Tuesday, November 25th. TD Cowen assumed coverage on Semtech in a report on Wednesday, October 1st. They issued a “buy” rating and a $75.00 price target for the company. B. Riley increased their price objective on shares of Semtech from $90.00 to $91.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Weiss Ratings restated a “hold (c-)” rating on shares of Semtech in a report on Monday, December 29th. Finally, Roth Mkm upped their price target on shares of Semtech from $65.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Fourteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Semtech presently has an average rating of “Moderate Buy” and an average price target of $79.21.

Hedge Funds Weigh In On Semtech

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

About Semtech

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.