Key Points
- Semtech CFO Mark Lin sold 1,333 shares on Jan. 5 at an average price of $76.20 for about $101,575, cutting his ownership by 6.73% to 18,477 shares; the trade was disclosed in an SEC filing.
- Semtech's stock is trading near $77 (up ~4.2%), the company beat Q results with $0.48 EPS vs. $0.45 consensus and 12.8% revenue growth YoY, and analysts maintain a "Moderate Buy" consensus with a $78.50 target.
Semtech Corporation (NASDAQ:SMTC - Get Free Report) CFO Mark Lin sold 1,333 shares of the firm's stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $76.20, for a total transaction of $101,574.60. Following the transaction, the chief financial officer directly owned 18,477 shares of the company's stock, valued at $1,407,947.40. The trade was a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Semtech Stock Up 4.2%
Shares of NASDAQ:SMTC opened at $77.44 on Wednesday. Semtech Corporation has a 52 week low of $24.05 and a 52 week high of $81.32. The company's fifty day moving average is $72.12 and its 200-day moving average is $62.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.71 and a current ratio of 2.43. The company has a market capitalization of $7.17 billion, a PE ratio of 249.81 and a beta of 2.01.
Semtech (NASDAQ:SMTC - Get Free Report) last issued its quarterly earnings results on Monday, November 24th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $266.97 million for the quarter, compared to the consensus estimate of $266.36 million. Semtech had a net margin of 2.77% and a return on equity of 17.00%. The firm's quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 EPS. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. Equities research analysts predict that Semtech Corporation will post -0.02 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have recently weighed in on SMTC shares. Benchmark upped their price target on shares of Semtech from $76.00 to $85.00 and gave the company a "buy" rating in a report on Tuesday, November 25th. UBS Group reiterated a "buy" rating on shares of Semtech in a research note on Tuesday, November 25th. Summit Insights upgraded Semtech from a "hold" rating to a "buy" rating in a report on Tuesday, November 25th. TD Cowen started coverage on shares of Semtech in a report on Wednesday, October 1st. They issued a "buy" rating and a $75.00 price objective on the stock. Finally, Needham & Company LLC reissued a "buy" rating and set a $80.00 price target on shares of Semtech in a report on Tuesday, November 25th. Fifteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Semtech has a consensus rating of "Moderate Buy" and a consensus target price of $78.50.
Get Our Latest Stock Analysis on Semtech
Institutional Trading of Semtech
A number of large investors have recently bought and sold shares of SMTC. Nordea Investment Management AB acquired a new position in shares of Semtech during the 2nd quarter valued at $4,230,000. EFG Asset Management North America Corp. grew its holdings in Semtech by 15.6% in the second quarter. EFG Asset Management North America Corp. now owns 94,872 shares of the semiconductor company's stock worth $4,282,000 after purchasing an additional 12,796 shares during the period. LMR Partners LLP increased its stake in Semtech by 70.0% in the second quarter. LMR Partners LLP now owns 425,000 shares of the semiconductor company's stock valued at $19,184,000 after purchasing an additional 175,000 shares in the last quarter. Andar Capital Management HK Ltd acquired a new position in shares of Semtech during the second quarter valued at about $7,222,000. Finally, Geode Capital Management LLC boosted its position in shares of Semtech by 9.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,123,903 shares of the semiconductor company's stock worth $95,884,000 after purchasing an additional 178,319 shares in the last quarter.
About Semtech
(
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].
