Key Points
- CFO Mark Lin sold 3,908 Semtech shares on March 11 at an average price of $87.24 for about $340,934, cutting his stake by 12.84% to 26,536 shares; he also sold additional lots on Mar 10 (2,734), Mar 6 (6,582) and Jan 5 (1,333), showing a pattern of recent insider selling.
- Semtech traded at $82.86 (down ~0.7%) with a market cap of $7.67 billion and a high P/E (~267.8); analysts hold a Moderate Buy consensus with an average price target of $84.14 and a 52‑week range of $24.05–$96.46.
Semtech Corporation (NASDAQ:SMTC - Get Free Report) CFO Mark Lin sold 2,734 shares of the firm's stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $85.27, for a total value of $233,128.18. Following the completion of the sale, the chief financial officer directly owned 30,444 shares of the company's stock, valued at $2,595,959.88. The trade was a 8.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Mark Lin also recently made the following trade(s):
- On Wednesday, March 11th, Mark Lin sold 3,908 shares of Semtech stock. The shares were sold at an average price of $87.24, for a total transaction of $340,933.92.
- On Friday, March 6th, Mark Lin sold 6,582 shares of Semtech stock. The shares were sold at an average price of $83.75, for a total value of $551,242.50.
- On Monday, January 5th, Mark Lin sold 1,333 shares of Semtech stock. The stock was sold at an average price of $76.20, for a total value of $101,574.60.
Semtech Price Performance
Shares of NASDAQ:SMTC traded down $0.22 during trading on Friday, reaching $83.19. 970,480 shares of the company's stock traded hands, compared to its average volume of 1,445,857. The company has a quick ratio of 1.71, a current ratio of 2.43 and a debt-to-equity ratio of 0.87. Semtech Corporation has a fifty-two week low of $24.05 and a fifty-two week high of $96.46. The company has a 50-day simple moving average of $83.49 and a 200-day simple moving average of $73.43. The firm has a market cap of $7.70 billion, a PE ratio of 267.97 and a beta of 1.99.
Hedge Funds Weigh In On Semtech
Several hedge funds and other institutional investors have recently modified their holdings of the business. Westfield Capital Management Co. LP grew its stake in Semtech by 107.8% during the 2nd quarter. Westfield Capital Management Co. LP now owns 2,747,260 shares of the semiconductor company's stock valued at $124,011,000 after acquiring an additional 1,424,909 shares in the last quarter. Think Investments LP purchased a new stake in shares of Semtech in the third quarter valued at approximately $58,618,000. Ameriprise Financial Inc. grew its position in shares of Semtech by 10.3% in the second 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 in the last quarter. Atreides Management LP acquired a new stake in shares of Semtech in the second quarter valued at approximately $29,880,000. Finally, Hood River Capital Management LLC increased its holdings in shares of Semtech by 36.0% in the second quarter. Hood River Capital Management LLC now owns 2,244,631 shares of the semiconductor company's stock valued at $101,323,000 after purchasing an additional 594,529 shares during the last quarter.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on SMTC shares. Roth Mkm upped their target price on Semtech from $65.00 to $77.00 and gave the stock a "buy" rating in a research note on Tuesday, November 25th. Weiss Ratings reissued a "hold (c-)" rating on shares of Semtech in a report on Monday, December 29th. Susquehanna upped their price objective on shares of Semtech from $90.00 to $100.00 and gave the stock a "positive" rating in a research report on Monday. Oppenheimer reaffirmed an "outperform" rating and set a $100.00 price objective (up from $81.00) on shares of Semtech in a report on Tuesday. Finally, TD Cowen reissued a "buy" rating on shares of Semtech in a research note on Tuesday, February 24th. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Semtech has a consensus rating of "Moderate Buy" and a consensus target price of $84.14.
View Our Latest Stock Analysis on SMTC
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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