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

Semtech Corporation (NASDAQ:SMTC) COO Asaf Silberstein sold 5,000 shares of the stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $83.00, for a total value of $415,000.00. Following the completion of the sale, the chief operating officer directly owned 88,496 shares in the company, valued at $7,345,168. This represents a 5.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Semtech Price Performance

Semtech stock opened at $79.49 on Wednesday. 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 has a fifty day simple moving average of $74.94 and a 200-day simple moving average of $65.67. The stock has a market cap of $7.36 billion, a P/E ratio of 256.42 and a beta of 2.01. Semtech Corporation has a 12-month low of $24.05 and a 12-month high of $83.80.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings results 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. The company had revenue of $266.97 million for the quarter, compared to analysts’ expectations of $266.36 million. Semtech had a return on equity of 17.00% and a net margin of 2.77%.Semtech’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the firm earned $0.26 earnings per share. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. Equities analysts expect that Semtech Corporation will post -0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Semtech

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Nordea Investment Management AB acquired a new stake in shares of Semtech during the 2nd quarter valued at approximately $4,230,000. EFG Asset Management North America Corp. increased its stake in Semtech by 15.6% in the 2nd quarter. EFG Asset Management North America Corp. now owns 94,872 shares of the semiconductor company’s stock valued at $4,282,000 after purchasing an additional 12,796 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Semtech in the 3rd quarter valued at approximately $9,160,000. LMR Partners LLP boosted its position in Semtech by 70.0% during the second quarter. LMR Partners LLP now owns 425,000 shares of the semiconductor company’s stock worth $19,184,000 after purchasing an additional 175,000 shares in the last quarter. Finally, Emerald Advisers LLC acquired a new stake in Semtech in the third quarter valued at $29,944,000.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Summit Insights raised shares of Semtech from a “hold” rating to a “buy” rating in a report on Tuesday, November 25th. UBS Group reiterated a “buy” rating on shares of Semtech in a research note on Tuesday, November 25th. Benchmark upped their price objective on shares of Semtech from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Roth Mkm raised their price objective on Semtech from $65.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $80.00 target price on shares of Semtech in a research report on Tuesday, November 25th. Fourteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Semtech currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.21.

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.