Semtech (NASDAQ:SMTC) Stock: Insider Paul Walsh, Jr. Sells 500 Shares

Semtech Corporation (NASDAQ:SMTC) Director Paul Walsh, Jr. sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $172.61, for a total transaction of $86,305.00. Following the sale, the director directly owned 26,600 shares of the company’s stock, valued at approximately $4,591,426. This trade represents a 1.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Semtech Trading Up 4.5%

Shares of SMTC stock traded up $7.80 on Friday, reaching $182.30. The company had a trading volume of 2,376,273 shares, compared to its average volume of 2,811,130. The stock has a market cap of $17.01 billion, a PE ratio of 120.73 and a beta of 2.35. The company has a 50-day moving average of $140.26 and a 200-day moving average of $128.66. The company has a current ratio of 1.70, a quick ratio of 1.31 and a debt-to-equity ratio of 0.47. Semtech Corporation has a 12 month low of $60.28 and a 12 month high of $190.64.

Semtech (NASDAQ:SMTC) last posted its earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.10. The company had revenue of $341.87 million for the quarter, compared to analyst estimates of $328.67 million. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The business’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period last year, the business posted $0.41 earnings per share. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. On average, equities analysts forecast that Semtech Corporation will post 2.64 earnings per share for the current year.

Analyst Ratings Changes

SMTC has been the topic of a number of research reports. Benchmark reissued a “buy” rating on shares of Semtech in a research report on Thursday, August 20th. Roth Capital set a $220.00 target price on shares of Semtech in a report on Wednesday, August 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 research report on Monday, June 22nd. Robert W. Baird lifted their target price on Semtech from $225.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 price objective on shares of Semtech in a research report on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.71.

Institutional Trading of Semtech

Several large investors have recently made changes to their positions in SMTC. SkyView Investment Advisors LLC bought a new stake in Semtech during the second quarter worth $283,000. Sequoia Financial Advisors LLC bought a new position in Semtech in the second quarter valued at about $374,000. Tidal Investments LLC acquired a new stake in Semtech in the second quarter valued at approximately $22,728,000. IPG Investment Advisors LLC bought a new stake in shares of Semtech during the second quarter worth $296,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Semtech during the second quarter worth $599,000.

About Semtech

Semtech Corporation (NASDAQ:SMTC) is a global semiconductor and technology company that designs and supplies analog and mixed-signal products. Its solutions are used to manage, protect, connect and process electronic signals in infrastructure, data centers, industrial systems, automotive applications, consumer devices and communications equipment.

The company’s portfolio includes signal-integrity and connectivity products, power-management and protection devices, wireless and radio-frequency solutions, and specialized semiconductors.