Hong Hou Sells 2,000 Shares of Semtech (NASDAQ:SMTC) Stock

Semtech Corporation (NASDAQ:SMTC) CEO Hong Hou sold 2,000 shares of Semtech stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $162.10, for a total value of $324,200.00. Following the completion of the sale, the chief executive officer owned 69,228 shares in the company, valued at approximately $11,221,858.80. This trade represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Semtech Price Performance

Shares of Semtech stock traded down $1.27 during trading on Tuesday, reaching $157.52. The company’s stock had a trading volume of 4,049,478 shares, compared to its average volume of 2,433,132. The company has a quick ratio of 1.62, a current ratio of 2.37 and a debt-to-equity ratio of 0.86. Semtech Corporation has a 12-month low of $39.07 and a 12-month high of $172.35. The company has a market capitalization of $14.67 billion, a P/E ratio of -403.90 and a beta of 2.32. The business has a 50 day moving average price of $118.70 and a 200-day moving average price of $93.31.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $291.02 million for the quarter, compared to the consensus estimate of $283.53 million. During the same period in the previous year, the business earned $0.38 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. As a group, sell-side analysts anticipate that Semtech Corporation will post 1.6 EPS for the current year.

Hedge Funds Weigh In On Semtech

Several hedge funds and other institutional investors have recently bought and sold shares of SMTC. Banque Cantonale Vaudoise acquired a new position in Semtech during the first quarter worth $33,000. Hantz Financial Services Inc. raised its holdings in Semtech by 243.2% during the third quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 360 shares during the last quarter. AlphaQuest LLC raised its holdings in Semtech by 42.5% during the third quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 173 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Semtech by 65.5% in the third quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 235 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Semtech by 1,745.5% in the third quarter. Assetmark Inc. now owns 609 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 576 shares during the last quarter.

Analyst Ratings Changes

SMTC has been the topic of a number of analyst reports. B. Riley Financial lifted their price target on Semtech from $165.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Benchmark lifted their price target on Semtech from $120.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Morgan Stanley lifted their price objective on Semtech from $155.00 to $175.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 27th. Northland Securities cut Semtech from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 26th. Finally, Oppenheimer set a $200.00 price objective on Semtech in a report on Wednesday, May 27th. Thirteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Semtech currently has a consensus rating of “Moderate Buy” and an average target price of $179.73.

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.