Semtech (NASDAQ:SMTC) Director Sells $82,495.00 in Stock

Semtech Corporation (NASDAQ:SMTC) Director Paul Walsh, Jr. sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $164.99, for a total transaction of $82,495.00. Following the transaction, the director directly owned 28,100 shares in the company, valued at approximately $4,636,219. This trade represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Semtech Price Performance

Shares of NASDAQ SMTC opened at $149.75 on Monday. Semtech Corporation has a 52-week low of $42.38 and a 52-week high of $177.35. The firm has a market capitalization of $13.95 billion, a price-to-earnings ratio of -383.97 and a beta of 2.32. The stock has a 50 day moving average price of $140.43 and a 200 day moving average price of $102.07. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.62 and a current ratio of 2.37.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SMTC. Jones Financial Companies Lllp lifted its position in Semtech by 12,214.3% during the first quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock valued at $89,000 after acquiring an additional 2,565 shares during the last quarter. Empowered Funds LLC grew its holdings in Semtech by 11.5% in 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in 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 purchasing an additional 22,629 shares during the last quarter. Strs Ohio acquired a new position in shares of Semtech during the first quarter worth $65,000. Finally, Cetera Investment Advisers acquired a new position in shares of Semtech during the second quarter worth $226,000.

Analyst Ratings Changes

Several brokerages have issued reports on SMTC. Roth Mkm increased their target price on shares of Semtech from $102.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Robert W. Baird upped their price target on shares of Semtech from $110.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Northland Securities downgraded shares of Semtech from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 26th. TD Cowen lifted their price objective on shares of Semtech from $210.00 to $215.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Finally, Oppenheimer set a $200.00 price objective on shares of Semtech in a research note on Wednesday, May 27th. Thirteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Semtech presently has an average rating of “Moderate Buy” and a consensus target price 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.