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, September 4th. The stock was sold at an average price of $138.71, for a total value of $277,420.00. Following the sale, the chief executive officer directly owned 60,799 shares of the company’s stock, valued at approximately $8,433,429.29. The trade was a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Semtech Stock Performance

NASDAQ SMTC traded up $1.32 on Wednesday, reaching $163.94. The stock had a trading volume of 3,370,809 shares, compared to its average volume of 2,757,052. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.31. The firm has a fifty day moving average of $132.41 and a two-hundred day moving average of $121.99. Semtech Corporation has a 1-year low of $57.50 and a 1-year high of $177.35. The company has a market cap of $15.30 billion, a P/E ratio of 108.57 and a beta of 2.35.

Semtech (NASDAQ:SMTC) last posted its earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. The company had revenue of $341.87 million during the quarter, compared to the consensus estimate of $328.67 million. Semtech had a return on equity of 21.74% and a net margin of 13.11%.The company’s revenue was up 32.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. On average, equities research analysts anticipate that Semtech Corporation will post 2.64 EPS for the current year.

Wall Street Analyst Weigh In

SMTC has been the subject of a number of recent research reports. Mizuho set a $225.00 price objective on shares of Semtech in a report on Wednesday, May 27th. Craig Hallum lifted their price target on shares of Semtech from $105.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. UBS Group boosted their price target on Semtech from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, August 26th. Wall Street Zen raised Semtech from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 29th. Finally, Morgan Stanley raised their price objective on Semtech from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 26th. Fifteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $204.71.

Hedge Funds Weigh In On Semtech

Institutional investors have recently added to or reduced their stakes in the stock. Royce & Associates LP raised its position in Semtech by 144.5% in the fourth quarter. Royce & Associates LP now owns 107,617 shares of the semiconductor company’s stock valued at $7,930,000 after purchasing an additional 63,603 shares during the last quarter. Argos Wealth Advisors LLC acquired a new position in shares of Semtech during the 4th quarter valued at $640,000. Geode Capital Management LLC grew its stake in shares of Semtech by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 2,099,033 shares of the semiconductor company’s stock valued at $154,704,000 after buying an additional 6,715 shares during the period. Swiss National Bank lifted its holdings in shares of Semtech by 6.9% in the 1st quarter. Swiss National Bank now owns 183,000 shares of the semiconductor company’s stock worth $14,071,000 after purchasing an additional 11,800 shares in the last quarter. Finally, Osterweis Capital Management Inc. bought a new stake in shares of Semtech during the second quarter worth about $9,783,000.

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.