Semtech (NASDAQ:SMTC) EVP Jason Elliot Green Sells 2,264 Shares

Semtech Corporation (NASDAQ:SMTC) EVP Jason Elliot Green sold 2,264 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $129.90, for a total value of $294,093.60. Following the transaction, the executive vice president owned 8,611 shares of the company’s stock, valued at approximately $1,118,568.90. The trade was a 20.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Semtech Stock Performance

Shares of Semtech stock opened at $137.50 on Friday. The company has a quick ratio of 1.62, a current ratio of 2.37 and a debt-to-equity ratio of 0.86. The stock’s fifty day moving average is $147.10 and its two-hundred day moving average is $106.29. Semtech Corporation has a 52 week low of $46.02 and a 52 week high of $177.35. The company has a market capitalization of $12.81 billion, a PE ratio of -352.56 and a beta of 2.31.

Semtech (NASDAQ:SMTC) last released its earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.06. The business had revenue of $291.02 million during the quarter, compared to the consensus estimate of $283.53 million. Semtech had a positive return on equity of 18.31% and a negative net margin of 3.05%.The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. As a group, analysts expect that Semtech Corporation will post 1.81 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SMTC. FNY Investment Advisers LLC grew its stake in Semtech by 900.0% in the second quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 180 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Semtech during the first quarter valued at about $33,000. IFP Advisors Inc bought a new stake in shares of Semtech in the 4th quarter valued at about $53,000. Smartleaf Asset Management LLC boosted its holdings in shares of Semtech by 24.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,274 shares of the semiconductor company’s stock valued at $57,000 after buying an additional 247 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new position in shares of Semtech in the 4th quarter worth approximately $60,000.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SMTC shares. B. Riley Financial upped their target price on shares of Semtech from $165.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Semtech in a research note on Thursday, June 18th. Benchmark boosted their price target on Semtech from $120.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Mizuho set a $225.00 price objective on Semtech in a research note on Wednesday, May 27th. Finally, Morgan Stanley raised 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. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Semtech currently has a consensus rating of “Moderate Buy” and a consensus price target 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.