Semtech (NASDAQ:SMTC) Director Sells $40,435.00 in Stock

Semtech Corporation (NASDAQ:SMTC) Director Paul Walsh, Jr. sold 500 shares of Semtech stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $80.87, for a total transaction of $40,435.00. Following the completion of the sale, the director owned 24,279 shares of the company’s stock, valued at $1,963,442.73. This represents a 2.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Semtech Stock Down 6.1%

SMTC opened at $73.60 on Monday. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of -167.27 and a beta of 1.99. The firm has a 50 day moving average price of $84.00 and a 200-day moving average price of $74.59. Semtech Corporation has a twelve month low of $24.05 and a twelve month high of $96.46. The company has a quick ratio of 1.67, a current ratio of 2.37 and a debt-to-equity ratio of 0.89.

Semtech (NASDAQ:SMTC) last issued its earnings results on Monday, March 16th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Semtech had a negative net margin of 3.86% and a positive return on equity of 18.09%. The company had revenue of $274.40 million for the quarter, compared to analysts’ expectations of $273.14 million. During the same quarter last year, the company posted $0.40 earnings per share. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Equities research analysts forecast that Semtech Corporation will post -0.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SMTC has been the subject of several research analyst reports. Stifel Nicolaus lifted their price objective on Semtech from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Tuesday, March 17th. TD Cowen reissued a “buy” rating on shares of Semtech in a research report on Tuesday, February 24th. Robert W. Baird boosted their price target on Semtech from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Needham & Company LLC upped their price target on shares of Semtech from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, March 17th. Finally, Morgan Stanley increased their price objective on shares of Semtech from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Monday, March 16th. Fourteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Semtech presently has a consensus rating of “Moderate Buy” and an average target price of $93.14.

Hedge Funds Weigh In On Semtech

A number of institutional investors have recently bought and sold shares of SMTC. Rockefeller Capital Management L.P. grew its holdings in Semtech by 70.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,988 shares of the semiconductor company’s stock valued at $146,000 after purchasing an additional 823 shares during the period. Corient Private Wealth LLC bought a new position in shares of Semtech in the fourth quarter worth about $221,000. Alpine Global Management LLC purchased a new position in shares of Semtech during the 4th quarter valued at about $368,000. Pacer Advisors Inc. grew its stake in shares of Semtech by 38.8% during the 4th quarter. Pacer Advisors Inc. now owns 16,129 shares of the semiconductor company’s stock valued at $1,189,000 after acquiring an additional 4,509 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its stake in shares of Semtech by 23.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,987,888 shares of the semiconductor company’s stock valued at $146,488,000 after acquiring an additional 374,548 shares during the period.

Key Semtech News

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Multiple brokerage firms issued bullish signals (price‑target increases, buy reaffirmations and forecasts for upside), supporting longer‑term upside expectations. Craig-Hallum Raises PT on Semtech (SMTC) Stock
• Positive Sentiment: Benchmark reiterated a Buy rating, which may sustain investor interest and provide support after recent gains. Benchmark Reaffirms Buy Rating for Semtech (NASDAQ:SMTC)
• Positive Sentiment: Needham published a bullish forecast indicating strong price appreciation, reinforcing momentum narratives for SMTC. Needham & Company LLC Forecasts Strong Price Appreciation for Semtech (NASDAQ:SMTC) Stock
• Positive Sentiment: Analysts at Robert W. Baird and Stifel Nicolaus also flagged upside potential, adding to the wave of bullish research notes. Semtech (NASDAQ:SMTC) Stock Price Expected to Rise, Robert W. Baird Analyst Says Semtech (NASDAQ:SMTC) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says
• Positive Sentiment: Unusually high call‑option volume indicates short‑term bullish positioning by traders, which could support a rebound if sentiment stays positive. Investors Purchase High Volume of Call Options on Semtech (NASDAQ:SMTC)
• Neutral Sentiment: A broader analyst roundup discussed Semtech alongside other tech names; useful context but no single new catalyst emerged from that piece. Analysts Offer Insights on Technology Companies: Semtech (SMTC), ARM …
• Negative Sentiment: Insider selling: director Paul V. Walsh Jr. sold 500 shares (small dollar amount relative to his holdings), which can be read as modest profit‑taking and may add to near‑term selling pressure. SEC filing: Director Paul V. Walsh, Jr. sold 500 shares

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.