Insider Selling: Semtech (NASDAQ:SMTC) CFO Sells $101,574.60 in 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 owned 18,477 shares in the company, valued at approximately $1,407,947.40. This trade represents a 6.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Semtech Stock Performance

NASDAQ:SMTC opened at $72.19 on Friday. 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 stock has a market cap of $6.68 billion, a P/E ratio of 232.87 and a beta of 2.01. The stock has a 50 day simple moving average of $72.34 and a 200 day simple moving average of $62.37. Semtech Corporation has a 1-year low of $24.05 and a 1-year high of $81.32.

Semtech (NASDAQ:SMTC) last announced its earnings results on Monday, November 24th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Semtech had a net margin of 2.77% and a return on equity of 17.00%. The company had revenue of $266.97 million during the quarter, compared to analysts’ expectations of $266.36 million. During the same quarter in the previous year, the business posted $0.26 earnings per share. Semtech’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. Research analysts anticipate that Semtech Corporation will post -0.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SMTC has been the subject of a number of analyst reports. TD Cowen began coverage on shares of Semtech in a research report on Wednesday, October 1st. They issued a “buy” rating and a $75.00 price target for the company. Cowen assumed coverage on Semtech in a research report on Tuesday, September 30th. They set a “buy” rating for the company. Oppenheimer reissued an “outperform” rating and set a $81.00 target price on shares of Semtech in a report on Tuesday, November 25th. Roth Capital boosted their price target on Semtech from $65.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Finally, Piper Sandler reiterated an “overweight” rating and set a $95.00 price objective (up from $70.00) on shares of Semtech in a research note on Thursday, December 11th. Fifteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Semtech currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.50.

Institutional Investors Weigh In On Semtech

Several hedge funds have recently modified their holdings of SMTC. Bessemer Group Inc. grew its holdings in Semtech by 78.4% during the 2nd quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 287 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Semtech during the second quarter worth $33,000. Hantz Financial Services Inc. lifted its holdings in shares of 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 period. Salomon & Ludwin LLC bought a new stake in shares of Semtech in the third quarter worth $41,000. Finally, AlphaQuest LLC increased its holdings in Semtech by 42.5% in the third quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 173 shares during the period.

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.