Key Points
- Director Gregory Michael Fischer sold 1,034 shares on Jan. 9 at an average price of $75.50 for proceeds of $78,067, reducing his stake by 26.57% to 2,857 shares worth about $215,703.
- Company performance and market view: Semtech reported $0.48 EPS (vs. $0.45 expected) and revenue of $266.97M (+12.8% YoY), has a market cap of ~$7.03B and P/E of 245, and carries a consensus analyst rating of "Moderate Buy" with a $78.50 target and Q4 2026 guidance of $0.40–0.46 EPS.
Semtech Corporation (NASDAQ:SMTC - Get Free Report) Director Gregory Michael Fischer sold 1,034 shares of the stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $75.50, for a total value of $78,067.00. Following the sale, the director directly owned 2,857 shares of the company's stock, valued at approximately $215,703.50. The trade was a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Semtech Stock Performance
Shares of SMTC opened at $75.98 on Wednesday. The firm has a market cap of $7.03 billion, a P/E ratio of 245.10 and a beta of 2.01. Semtech Corporation has a twelve month low of $24.05 and a twelve month high of $81.39. 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 firm's 50 day moving average price is $73.02 and its two-hundred day moving average price is $63.35.
Semtech (NASDAQ:SMTC - Get Free Report) last issued its quarterly earnings data on Monday, November 24th. The semiconductor company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. The business had revenue of $266.97 million for the quarter, compared to analyst estimates 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 period last year, the business posted $0.26 earnings per share. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. On average, analysts forecast that Semtech Corporation will post -0.02 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on SMTC shares. Susquehanna increased their price objective on Semtech from $65.00 to $80.00 and gave the stock a "positive" rating in a report on Tuesday, November 18th. Stifel Nicolaus set a $80.00 price target on shares of Semtech in a research note on Wednesday, October 1st. Needham & Company LLC reissued a "buy" rating and issued a $80.00 price objective on shares of Semtech in a research report on Tuesday, November 25th. TD Cowen began coverage on shares of Semtech in a report on Wednesday, October 1st. They set a "buy" rating and a $75.00 target price for the company. Finally, UBS Group reaffirmed a "buy" rating on shares of Semtech in a research report on Tuesday, November 25th. Fifteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.50.
View Our Latest Analysis on SMTC
Hedge Funds Weigh In On Semtech
Several hedge funds and other institutional investors have recently made changes to their positions in SMTC. Westfield Capital Management Co. LP increased 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 buying an additional 1,424,909 shares during the last quarter. Think Investments LP acquired a new position in shares of Semtech during the 3rd quarter worth about $58,618,000. Ameriprise Financial Inc. raised its holdings in shares of Semtech by 10.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,112,097 shares of the semiconductor company's stock valued at $321,040,000 after purchasing an additional 666,456 shares during the period. Atreides Management LP acquired a new stake in Semtech in the 2nd quarter valued at about $29,880,000. Finally, Hood River Capital Management LLC grew its holdings in Semtech by 36.0% during the second quarter. Hood River Capital Management LLC now owns 2,244,631 shares of the semiconductor company's stock worth $101,323,000 after purchasing an additional 594,529 shares during the period.
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.
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