Insider Selling: Semtech (NASDAQ:SMTC) CFO Sells 1,333 Shares of Stock

Semtech Corporation (NASDAQ:SMTC) CFO Mark Lin sold 1,333 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $76.20, for a total transaction of $101,574.60. Following the completion of the transaction, the chief financial officer directly owned 18,477 shares in the company, valued at $1,407,947.40. The trade was a 6.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Semtech Trading Up 4.2%

Shares of SMTC traded up $3.10 during trading on Tuesday, reaching $77.44. 1,097,470 shares of the company traded hands, compared to its average volume of 1,211,054. The stock has a 50-day simple moving average of $71.98 and a 200-day simple moving average of $61.95. The stock has a market cap of $7.17 billion, a PE ratio of 249.81 and a beta of 2.01. Semtech Corporation has a twelve month low of $24.05 and a twelve month high of $81.32. The company has a quick ratio of 1.71, a current ratio of 2.43 and a debt-to-equity ratio of 0.87.

Semtech (NASDAQ:SMTC) last released its quarterly earnings results on Monday, November 24th. The semiconductor company reported $0.48 EPS for the quarter, topping 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 business had revenue of $266.97 million during the quarter, compared to analyst estimates of $266.36 million. During the same period last year, the business posted $0.26 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. On average, analysts anticipate that Semtech Corporation will post -0.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SMTC. Stifel Nicolaus set a $80.00 price target on shares of Semtech in a research report on Wednesday, October 1st. Summit Insights upgraded shares of Semtech from a “hold” rating to a “buy” rating in a report on Tuesday, November 25th. Piper Sandler reissued an “overweight” rating and issued a $95.00 price target (up previously from $70.00) on shares of Semtech in a research report on Thursday, December 11th. Benchmark upped their price objective on Semtech from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Finally, Cowen initiated coverage on Semtech in a research note on Tuesday, September 30th. They issued a “buy” rating on the stock. Fifteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.50.

Institutional Trading of Semtech

Several institutional investors and hedge funds have recently bought and sold shares of the business. Westfield Capital Management Co. LP grew its position in Semtech by 107.8% during the 2nd quarter. Westfield Capital Management Co. LP now owns 2,747,260 shares of the semiconductor company’s stock worth $124,011,000 after purchasing an additional 1,424,909 shares during the last quarter. Think Investments LP acquired a new stake in shares of Semtech during the third quarter worth about $58,618,000. Clearline Capital LP grew its holdings in shares of Semtech by 9,102.3% during the first quarter. Clearline Capital LP now owns 689,071 shares of the semiconductor company’s stock worth $23,704,000 after buying an additional 681,583 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Semtech by 10.3% during the second quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company’s stock worth $321,040,000 after buying an additional 666,456 shares during the last quarter. Finally, Atreides Management LP acquired a new position in Semtech in the 2nd quarter valued at about $29,880,000.

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.