Key Points
- Director Paul Walsh, Jr. sold 500 shares of Semtech on Dec. 17 at an average price of $71.61 for $35,805, reducing his stake by 1.9% to 25,779 shares (worth about $1.85M).
- Recent quarter beat expectations: Semtech reported $0.48 EPS vs. $0.45 consensus and $266.97M revenue (up 12.8% YoY), and set Q4 guidance of $0.40–$0.46 EPS.
- Analyst sentiment is positive: The stock has a consensus "Moderate Buy" rating (15 Buys, 2 Holds) with a consensus target price of $78.50.
Semtech Corporation (NASDAQ:SMTC - Get Free Report) Director Paul Walsh, Jr. sold 500 shares of the business's stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $71.61, for a total value of $35,805.00. Following the completion of the transaction, the director directly owned 25,779 shares of the company's stock, valued at approximately $1,846,034.19. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Semtech Trading Up 2.8%
NASDAQ SMTC opened at $72.97 on Friday. The firm has a market cap of $6.75 billion, a P/E ratio of 235.39 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. The stock's 50-day moving average is $70.51 and its 200-day moving average is $58.99. Semtech Corporation has a one year low of $24.05 and a one year high of $81.32.
Semtech (NASDAQ:SMTC - Get Free Report) last issued its quarterly earnings data on Monday, November 24th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $266.97 million during the quarter, compared to analyst estimates of $266.36 million. Semtech had a return on equity of 17.00% and a net margin of 2.77%.Semtech's quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 EPS. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. Sell-side analysts anticipate that Semtech Corporation will post -0.02 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms recently commented on SMTC. Summit Insights raised shares of Semtech from a "hold" rating to a "buy" rating in a research report on Tuesday, November 25th. Benchmark lifted their price target on Semtech from $76.00 to $85.00 and gave the company a "buy" rating in a research note on Tuesday, November 25th. TD Cowen began coverage on Semtech in a research report on Wednesday, October 1st. They set a "buy" rating and a $75.00 price objective for the company. Northland Securities increased their price objective on Semtech from $48.00 to $53.00 and gave the stock an "outperform" rating in a report on Tuesday, August 26th. Finally, Wall Street Zen cut Semtech from a "strong-buy" rating to a "buy" rating in a research note on Saturday, December 13th. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $78.50.
Check Out Our Latest Stock Analysis on SMTC
Institutional Trading of Semtech
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Westfield Capital Management Co. LP raised its holdings in Semtech by 107.8% during the second quarter. Westfield Capital Management Co. LP now owns 2,747,260 shares of the semiconductor company's stock worth $124,011,000 after acquiring an additional 1,424,909 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Semtech by 15.8% during the 1st quarter. Ameriprise Financial Inc. now owns 6,445,641 shares of the semiconductor company's stock worth $221,737,000 after purchasing an additional 877,422 shares during the last quarter. Think Investments LP bought a new stake in shares of Semtech during the 3rd quarter worth approximately $58,618,000. Clearline Capital LP boosted its holdings in shares of Semtech by 9,102.3% in the 1st quarter. Clearline Capital LP now owns 689,071 shares of the semiconductor company's stock valued at $23,704,000 after buying an additional 681,583 shares during the last quarter. Finally, Atreides Management LP bought a new position in shares of Semtech in the second quarter valued at $29,880,000.
Semtech Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
