Semtech Corporation (NASDAQ:SMTC - Get Free Report) COO Asaf Silberstein sold 5,000 shares of the business's stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $83.00, for a total transaction of $415,000.00. Following the transaction, the chief operating officer directly owned 88,496 shares in the company, valued at approximately $7,345,168. The trade was a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Semtech Price Performance
SMTC opened at $81.17 on Tuesday. Semtech Corporation has a twelve month low of $24.05 and a twelve month high of $83.80. The firm has a market cap of $7.51 billion, a price-to-earnings ratio of 261.84 and a beta of 2.01. The company has a current ratio of 2.43, a quick ratio of 1.71 and a debt-to-equity ratio of 0.87. The company has a fifty day simple moving average of $74.61 and a 200 day simple moving average of $65.45.
Semtech (NASDAQ:SMTC - Get Free Report) last posted its quarterly earnings data on Monday, November 24th. The semiconductor company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. The company had revenue of $266.97 million during the quarter, compared to analysts' expectations of $266.36 million. Semtech had a net margin of 2.77% and a return on equity of 17.00%. The firm's revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 EPS. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. Equities research analysts expect that Semtech Corporation will post -0.02 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
SMTC has been the topic of several analyst reports. 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 research note on Wednesday, October 1st. They issued a "buy" rating and a $75.00 price target for the company. Wall Street Zen downgraded shares of Semtech from a "strong-buy" rating to a "buy" rating in a research note on Monday. Needham & Company LLC reissued a "buy" rating and issued a $80.00 target price on shares of Semtech in a research report on Tuesday, November 25th. Finally, Oppenheimer restated an "outperform" rating and issued a $81.00 target price on shares of Semtech in a research note on Tuesday, November 25th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $79.21.
Read Our Latest Stock Report on Semtech
Institutional Trading of Semtech
A number of institutional investors and hedge funds have recently modified their holdings of SMTC. Oak Ridge Investments LLC lifted its position in shares of Semtech by 31.8% in the 4th quarter. Oak Ridge Investments LLC now owns 42,899 shares of the semiconductor company's stock worth $3,161,000 after buying an additional 10,351 shares during the last quarter. Assetmark Inc. raised its stake in Semtech by 1,382.4% during the fourth quarter. Assetmark Inc. now owns 9,028 shares of the semiconductor company's stock worth $665,000 after acquiring an additional 8,419 shares during the period. State of Alaska Department of Revenue lifted its holdings in Semtech by 1.2% in the fourth quarter. State of Alaska Department of Revenue now owns 48,326 shares of the semiconductor company's stock worth $3,560,000 after acquiring an additional 590 shares during the last quarter. Sound Income Strategies LLC bought a new position in Semtech in the fourth quarter worth about $60,000. Finally, JB Capital LLC boosted its stake in Semtech by 5.8% in the fourth quarter. JB Capital LLC now owns 67,084 shares of the semiconductor company's stock valued at $4,943,000 after acquiring an additional 3,701 shares during the period.
About Semtech
(
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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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