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

Semtech Corporation (NASDAQ:SMTC) Director Paul Walsh, Jr. sold 500 shares of Semtech stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $164.99, for a total value of $82,495.00. Following the completion of the sale, the director owned 28,100 shares in the company, valued at approximately $4,636,219. The trade was a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Semtech Price Performance

Shares of Semtech stock opened at $149.75 on Friday. The stock has a market capitalization of $13.95 billion, a P/E ratio of -383.97 and a beta of 2.32. The business has a 50 day simple moving average of $140.43 and a two-hundred day simple moving average of $101.91. Semtech Corporation has a 12 month low of $42.38 and a 12 month high of $177.35. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.37 and a quick ratio of 1.62.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $283.53 million. During the same period in the previous year, the business earned $0.38 earnings per share. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. As a group, analysts predict that Semtech Corporation will post 1.81 EPS for the current fiscal year.

Institutional Trading of Semtech

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royce & Associates LP increased its holdings in Semtech by 144.5% during the 4th quarter. Royce & Associates LP now owns 107,617 shares of the semiconductor company’s stock worth $7,930,000 after purchasing an additional 63,603 shares during the period. Argos Wealth Advisors LLC acquired a new position in shares of Semtech during the fourth quarter worth about $640,000. GW&K Investment Management LLC purchased a new stake in shares of Semtech during the third quarter worth approximately $27,125,000. Atreides Management LP raised its holdings in Semtech by 2.4% in the third quarter. Atreides Management LP now owns 678,133 shares of the semiconductor company’s stock valued at $48,453,000 after acquiring an additional 16,192 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Semtech by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 2,099,033 shares of the semiconductor company’s stock valued at $154,704,000 after acquiring an additional 6,715 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SMTC. Weiss Ratings reiterated a “sell (d-)” rating on shares of Semtech in a research report on Thursday, June 18th. Northland Securities lowered Semtech from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 26th. B. Riley Financial boosted their price target on shares of Semtech from $165.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. UBS Group raised their price objective on shares of Semtech from $165.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Finally, Robert W. Baird boosted their target price on shares of Semtech from $110.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Semtech currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.07.

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.