Key Points
- CFO Mark Lin sold 9,186 shares on March 24 at an average of $75.05 for $689,409.30, reducing his direct holding by about 21.9% to 32,710 shares.
- Those trades are part of a cluster of recent insider sales (Jan 5–Mar 24) totaling roughly $1.92 million, which some investors may interpret negatively even though insiders still hold a position.
- Semtech reported quarterly EPS of $0.44 (beat by $0.01) and revenue of $274.4M, up 9.3% year-over-year, and several analysts have raised price targets (Oppenheimer to $110), leaving a consensus "Moderate Buy" average target of $93.14.
Semtech Corporation (NASDAQ:SMTC - Get Free Report) CFO Mark Lin sold 9,186 shares of the business's stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $75.05, for a total transaction of $689,409.30. Following the completion of the sale, the chief financial officer directly owned 32,710 shares of the company's stock, valued at $2,454,885.50. This represents a 21.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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 value of $340,933.92.
- On Tuesday, March 10th, Mark Lin sold 2,734 shares of Semtech stock. The stock was sold at an average price of $85.27, for a total value of $233,128.18.
- 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 shares were sold at an average price of $76.20, for a total value of $101,574.60.
Semtech Trading Up 2.7%
Shares of SMTC stock opened at $80.04 on Thursday. The business has a 50-day moving average of $84.09 and a 200 day moving average of $74.87. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.37 and a quick ratio of 1.67. Semtech Corporation has a 1-year low of $24.05 and a 1-year high of $96.46. The stock has a market capitalization of $7.44 billion, a PE ratio of -181.91 and a beta of 1.99.
Semtech (NASDAQ:SMTC - Get Free Report) last announced its quarterly earnings results on Monday, March 16th. The semiconductor company reported $0.44 EPS for the quarter, topping 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 business had revenue of $274.40 million for the quarter, compared to analysts' expectations of $273.14 million. During the same period in the previous year, the firm earned $0.40 EPS. The business's quarterly revenue was up 9.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Semtech Corporation will post -0.02 earnings per share for the current year.
Analysts Set New Price Targets
SMTC has been the subject of a number of recent analyst reports. Oppenheimer upped their price target on shares of Semtech from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Tuesday, March 17th. Weiss Ratings lowered shares of Semtech from a "hold (c-)" rating to a "sell (d-)" rating in a report on Tuesday. Piper Sandler reaffirmed an "overweight" rating and set a $95.00 price objective (up from $70.00) on shares of Semtech in a research note on Thursday, December 11th. Benchmark reiterated a "buy" rating and set a $115.00 target price on shares of Semtech in a report on Tuesday, March 17th. Finally, Susquehanna raised their target price on Semtech from $90.00 to $100.00 and gave the stock a "positive" rating in a research note on Monday, March 9th. Fourteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $93.14.
Check Out Our Latest Research Report on SMTC
Key Semtech News
Here are the key news stories impacting Semtech this week:
- Positive Sentiment: Semtech announced the TDS5311P SurgeSwitch®, billed as the industry's first circuit-protection device that delivers near-constant clamping voltage for USB Power Delivery Extended Power Range (EPR) at 48V — a product that can broaden addressable markets in data-center and high-power USB applications and supports the company's growth narrative. Semtech SurgeSwitch Tackles the USB-PD VBus Protection Gap at 53 V
- Positive Sentiment: Coverage highlighting Semtech's positioning in AI data-center networking and IoT growth is reinforcing a bullish narrative that revenue mix could shift toward higher-growth end markets. That thematic coverage can lift investor expectations for revenue expansion and margin leverage. How The Semtech (SMTC) Story Is Shifting With AI Data Centers And IoT Growth Targets
- Positive Sentiment: Zacks published a bullish note framing SMTC as a strong growth stock using its style scores, which can attract momentum and retail/quant interest. Here's Why Semtech (SMTC) is a Strong Growth Stock
- Neutral Sentiment: Several short-interest data feeds show a reported large increase but list “0 shares” (and NaN changes), producing a days-to-cover of 0.0 — this appears to be a reporting/data anomaly rather than a meaningful change in short activity. Investors should treat those figures cautiously until corrected filings appear.
- Negative Sentiment: CFO Mark Lin sold 9,186 shares on March 24 at an average price of $75.05 (≈$689k), reducing his holding by ~21.9%. Insider selling of this size can be interpreted negatively by some investors, even though insiders still retain a position. See the SEC filing for details. SEC Form 4 - Mark Lin
Institutional Trading of Semtech
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. boosted its holdings in Semtech by 243.2% in the third quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 360 shares in the last quarter. Salomon & Ludwin LLC bought a new position in Semtech in the 3rd quarter worth $41,000. AlphaQuest LLC raised its holdings in Semtech by 42.5% in the 3rd quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company's stock worth $41,000 after purchasing an additional 173 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Semtech by 65.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company's stock worth $42,000 after purchasing an additional 235 shares during the period. Finally, Assetmark Inc. lifted its position in shares of Semtech by 1,745.5% in the 3rd quarter. Assetmark Inc. now owns 609 shares of the semiconductor company's stock worth $44,000 after purchasing an additional 576 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.
Further Reading
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