Insider Selling: Semtech (NASDAQ:SMTC) Director Sells 500 Shares of Stock

March 21, 2026 by InsiderTrades.com

Key Points

Director Paul Walsh Jr. sold 500 shares on March 18 at an average price of $80.87 for about $40,435, reducing his stake by 2.02% to 24,279 shares.
Quarterly results slightly beat expectations: Semtech reported $0.44 EPS versus a $0.43 consensus and revenue of $274.4M (up 9.3% YoY), but the company still posts a negative net margin and a negative PE ratio.
Analysts and institutions remain largely bullish: multiple firms have issued buy ratings or raised targets, institutional investors increased holdings, and the consensus price target is roughly $93.14.

Semtech Corporation (NASDAQ:SMTC - Get Free Report) Director Paul Walsh, Jr. sold 500 shares of the company's stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $80.87, for a total value of $40,435.00. Following the completion of the sale, the director owned 24,279 shares in the company, valued at approximately $1,963,442.73. This represents a 2.02% 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 Price Performance

How Semtech’s Data Center Chips Are Powering the AI Boom

Semtech stock opened at $73.60 on Friday. The business has a 50 day simple moving average of $84.00 and a 200 day simple moving average of $74.36. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.37 and a quick ratio of 1.71. The company has a market capitalization of $6.81 billion, a PE ratio of -167.27 and a beta of 1.99. Semtech Corporation has a one year low of $24.05 and a one year high of $96.46.

Semtech (NASDAQ:SMTC - Get Free Report) last announced its quarterly earnings results on Monday, March 16th. The semiconductor company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. Semtech had a positive return on equity of 18.09% and a negative net margin of 3.86%.The firm had revenue of $274.40 million for the quarter, compared to analysts' expectations of $273.14 million. During the same period in the prior year, the business posted $0.40 earnings per share. The business's revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts forecast that Semtech Corporation will post -0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Why Semtech Stock Is Rallying After Its NVIDIA Setback

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund increased its holdings in shares of Semtech by 55.7% in the third quarter. New York State Common Retirement Fund now owns 277,661 shares of the semiconductor company's stock valued at $19,839,000 after purchasing an additional 99,335 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Semtech by 24.4% during the third quarter. Nordea Investment Management AB now owns 117,669 shares of the semiconductor company's stock worth $7,992,000 after acquiring an additional 23,086 shares during the last quarter. Lisanti Capital Growth LLC acquired a new position in Semtech during the 3rd quarter valued at about $4,318,000. Allspring Global Investments Holdings LLC bought a new position in shares of Semtech in the 3rd quarter valued at about $9,160,000. Finally, Hodges Capital Management Inc. bought a new position in Semtech in the third quarter valued at approximately $4,624,000.

Key Semtech News

Here are the key news stories impacting Semtech this week:

Positive Sentiment: Multiple brokerage firms issued bullish signals (price‑target increases, buy reaffirmations and forecasts for upside), supporting longer‑term upside expectations. Craig-Hallum Raises PT on Semtech (SMTC) Stock
Positive Sentiment: Benchmark reiterated a Buy rating, which may sustain investor interest and provide support after recent gains. Benchmark Reaffirms Buy Rating for Semtech (NASDAQ:SMTC)
Positive Sentiment: Needham published a bullish forecast indicating strong price appreciation, reinforcing momentum narratives for SMTC. Needham & Company LLC Forecasts Strong Price Appreciation for Semtech (NASDAQ:SMTC) Stock
Positive Sentiment: Analysts at Robert W. Baird and Stifel Nicolaus also flagged upside potential, adding to the wave of bullish research notes. Semtech (NASDAQ:SMTC) Stock Price Expected to Rise, Robert W. Baird Analyst Says Semtech (NASDAQ:SMTC) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says
Positive Sentiment: Unusually high call‑option volume indicates short‑term bullish positioning by traders, which could support a rebound if sentiment stays positive. Investors Purchase High Volume of Call Options on Semtech (NASDAQ:SMTC)
Neutral Sentiment: A broader analyst roundup discussed Semtech alongside other tech names; useful context but no single new catalyst emerged from that piece. Analysts Offer Insights on Technology Companies: Semtech (SMTC), ARM ...
Negative Sentiment: Insider selling: director Paul V. Walsh Jr. sold 500 shares (small dollar amount relative to his holdings), which can be read as modest profit‑taking and may add to near‑term selling pressure. SEC filing: Director Paul V. Walsh, Jr. sold 500 shares

Wall Street Analyst Weigh In

Semtech: Bullish Market Forces Come Into Alignment for This Stock

Several equities analysts recently issued reports on the stock. Summit Insights raised shares of Semtech from a "hold" rating to a "buy" rating in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Semtech in a research note on Monday, December 29th. B. Riley Financial raised their price objective on shares of Semtech from $90.00 to $91.00 and gave the stock a "buy" rating in a report on Tuesday, November 25th. Craig Hallum lifted their target price on shares of Semtech from $80.00 to $105.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, TD Cowen reissued a "buy" rating on shares of Semtech in a report on Tuesday, February 24th. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $93.14.

Get Our Latest Stock Report on SMTC

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.