John Michael Wilson Sells 5,500 Shares of Semtech (NASDAQ:SMTC) Stock

Semtech Corporation (NASDAQ:SMTC) insider John Michael Wilson sold 5,500 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $170.00, for a total transaction of $935,000.00. Following the completion of the transaction, the insider directly owned 80,876 shares in the company, valued at approximately $13,748,920. This represents a 6.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Semtech Stock Up 2.4%

Shares of NASDAQ SMTC opened at $162.27 on Friday. The stock has a market cap of $15.12 billion, a PE ratio of -416.08 and a beta of 2.32. The company has a current ratio of 2.37, a quick ratio of 1.62 and a debt-to-equity ratio of 0.86. Semtech Corporation has a 12-month low of $42.38 and a 12-month high of $177.35. The company has a 50-day moving average of $139.30 and a 200 day moving average of $101.57.

Semtech (NASDAQ:SMTC) last released its earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. The business had revenue of $291.02 million for the quarter, compared to analyst estimates of $283.53 million. Semtech had a negative net margin of 3.05% and a positive return on equity of 18.31%. The business’s revenue was up 15.9% on a year-over-year basis. During the same period last year, the company posted $0.38 EPS. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. As a group, sell-side analysts predict that Semtech Corporation will post 1.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Semtech

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise acquired a new position in shares of Semtech in the 1st quarter valued at $33,000. Assetmark Inc. increased its position in shares of Semtech by 1,745.5% during the 3rd quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 576 shares during the last quarter. IFP Advisors Inc acquired a new stake in shares of Semtech during the 4th quarter worth about $53,000. Huntington National Bank raised its holdings in Semtech by 151.3% in the 3rd quarter. Huntington National Bank now owns 749 shares of the semiconductor company’s stock valued at $54,000 after buying an additional 451 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Semtech by 24.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the semiconductor company’s stock valued at $57,000 after buying an additional 247 shares during the period.

Wall Street Analyst Weigh In

SMTC has been the subject of several analyst reports. Benchmark upped their target price on Semtech from $120.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. TD Cowen lifted their price target on Semtech from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Monday. Stifel Nicolaus boosted their price target on shares of Semtech from $157.00 to $188.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Citigroup lowered shares of Semtech from a “buy” rating to a “market perform” rating in a report on Tuesday, May 26th. Finally, Roth Mkm raised their price objective on shares of Semtech from $102.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Thirteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Semtech currently has a consensus rating of “Moderate Buy” and an average price target of $189.07.

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.