Asaf Silberstein Sells 10,000 Shares of Semtech (NASDAQ:SMTC) Stock

Semtech Corporation (NASDAQ:SMTC) COO Asaf Silberstein sold 10,000 shares of Semtech stock in a transaction on Monday, February 9th. The shares were sold at an average price of $92.00, for a total transaction of $920,000.00. Following the completion of the transaction, the chief operating officer owned 68,496 shares in the company, valued at approximately $6,301,632. This represents a 12.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Asaf Silberstein also recently made the following trade(s):

• On Thursday, January 22nd, Asaf Silberstein sold 5,000 shares of Semtech stock. The stock was sold at an average price of $83.00, for a total value of $415,000.00.

Semtech Stock Performance

Shares of SMTC stock opened at $86.53 on Friday. The stock’s 50-day moving average price is $78.39 and its 200 day moving average price is $68.32. The company has a quick ratio of 1.71, a current ratio of 2.43 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $8.01 billion, a PE ratio of 279.13 and a beta of 2.01. Semtech Corporation has a 52-week low of $24.05 and a 52-week high of $92.50.

Semtech (NASDAQ:SMTC) last announced its earnings results on Monday, November 24th. The semiconductor company reported $0.48 earnings per share for the quarter, beating 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 company had revenue of $266.97 million for the quarter, compared to the consensus estimate of $266.36 million. During the same period last year, the business posted $0.26 EPS. 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. As a group, equities research analysts forecast that Semtech Corporation will post -0.02 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on SMTC. Needham & Company LLC restated a “buy” rating and issued a $80.00 target price on shares of Semtech in a research note on Tuesday, November 25th. Roth Mkm increased their price target on shares of Semtech from $65.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. B. Riley Financial lifted their price objective on Semtech from $90.00 to $91.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Morgan Stanley set a $67.00 target price on Semtech in a research report on Tuesday, November 25th. Finally, Piper Sandler reissued an “overweight” rating and set a $95.00 target price (up from $70.00) on shares of Semtech in a research note on Thursday, December 11th. Fourteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Semtech has an average rating of “Moderate Buy” and an average price target of $79.21.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SMTC. Evergreen Capital Management LLC boosted its stake in shares of Semtech by 2.3% during the 4th quarter. Evergreen Capital Management LLC now owns 5,945 shares of the semiconductor company’s stock worth $438,000 after acquiring an additional 136 shares in the last quarter. Stephens Inc. AR boosted its position in Semtech by 3.3% during the fourth quarter. Stephens Inc. AR now owns 4,410 shares of the semiconductor company’s stock worth $325,000 after purchasing an additional 142 shares in the last quarter. Journey Strategic Wealth LLC grew its holdings in Semtech by 3.2% in the third quarter. Journey Strategic Wealth LLC now owns 5,074 shares of the semiconductor company’s stock valued at $363,000 after purchasing an additional 159 shares during the last quarter. AlphaQuest LLC grew its holdings in Semtech by 42.5% in the third quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 173 shares during the last quarter. Finally, Archer Investment Corp increased its position in shares of Semtech by 7.3% in the fourth quarter. Archer Investment Corp now owns 2,683 shares of the semiconductor company’s stock valued at $198,000 after buying an additional 182 shares in 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.