Semtech (NASDAQ:SMTC) Insider John Michael Wilson Sells 5,000 Shares

Semtech Corporation (NASDAQ:SMTC) insider John Michael Wilson sold 5,000 shares of Semtech stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $75.12, for a total value of $375,600.00. Following the transaction, the insider owned 60,066 shares in the company, valued at approximately $4,512,157.92. This represents a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Semtech Stock Up 0.6%

SMTC stock traded up $0.45 during trading hours on Tuesday, reaching $80.13. 263,927 shares of the stock were exchanged, compared to its average volume of 1,192,207. The firm’s 50-day moving average is $72.79 and its 200-day moving average is $63.13. Semtech Corporation has a 12 month low of $24.05 and a 12 month high of $81.39. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 259.02 and a beta of 2.01. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.43 and a quick ratio of 1.71.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Monday, November 24th. The semiconductor company reported $0.48 EPS for the quarter, topping 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 the consensus estimate of $266.36 million. During the same period in the prior year, the business posted $0.26 EPS. 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, equities research analysts expect that Semtech Corporation will post -0.02 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on SMTC. Roth Capital increased their target price on Semtech from $65.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Needham & Company LLC reissued a “buy” rating and set a $80.00 price target on shares of Semtech in a research note on Tuesday, November 25th. Morgan Stanley set a $67.00 price objective on Semtech in a report on Tuesday, November 25th. Benchmark raised their price target on shares of Semtech from $76.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Finally, TD Cowen assumed coverage on Semtech in a report on Wednesday, October 1st. They issued a “buy” rating and a $75.00 target price for the company. Fifteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.50.

Hedge Funds Weigh In On Semtech

A number of large investors have recently modified their holdings of the company. Bessemer Group Inc. increased its position in Semtech by 78.4% during the 2nd quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 287 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Semtech during the 2nd quarter valued at about $33,000. Hantz Financial Services Inc. raised its position in Semtech by 243.2% in the third quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 360 shares during the period. Salomon & Ludwin LLC purchased a new position in Semtech during the third quarter valued at $41,000. Finally, AlphaQuest LLC lifted its position in shares of Semtech by 42.5% during the 3rd quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 173 shares in the last quarter.

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.