Key Points
- Semtech CEO Hong Hou sold 2,000 shares on April 10 at an average price of $90.11 for $180,220 under a pre-arranged Rule 10b5-1 plan, trimming his stake to 73,228 shares (a 2.66% decrease, valued at about $6.6M).
- SMTC shares trade around $90.12 with a market capitalization of $8.38 billion, a 12‑month range of $24.05–$96.46, and a negative trailing P/E of -204.82.
- Analysts are largely bullish—14 Buys, 1 Hold and 1 Sell—with a consensus target of $93.50 and several recent target raises (as high as $110).
Semtech Corporation (NASDAQ:SMTC - Get Free Report) CEO Hong Hou sold 2,000 shares of Semtech stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $90.11, for a total transaction of $180,220.00. Following the completion of the transaction, the chief executive officer directly owned 73,228 shares in the company, valued at $6,598,575.08. This represents a 2.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Semtech Stock Performance
Shares of SMTC opened at $90.12 on Wednesday. The firm's 50 day moving average is $84.45 and its 200-day moving average is $76.99. The stock has a market capitalization of $8.38 billion, a P/E ratio of -204.82 and a beta of 2.06. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.37 and a quick ratio of 1.66. Semtech Corporation has a 12-month low of $24.05 and a 12-month high of $96.46.
Semtech (NASDAQ:SMTC - Get Free Report) last announced its quarterly earnings data on Monday, March 16th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $274.40 million for the quarter, compared to analysts' expectations of $273.14 million. Semtech had a negative net margin of 3.86% and a positive return on equity of 18.09%. The business's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS. Equities research analysts anticipate that Semtech Corporation will post -0.02 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in SMTC. Hantz Financial Services Inc. increased its position in shares of Semtech by 243.2% in the third quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 360 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in shares of Semtech in the third quarter worth approximately $41,000. AlphaQuest LLC increased its position in shares of Semtech by 42.5% in the third quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company's stock worth $41,000 after acquiring an additional 173 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Semtech by 65.5% in the third quarter. Jones Financial Companies Lllp now owns 594 shares of the semiconductor company's stock worth $42,000 after acquiring an additional 235 shares in the last quarter. Finally, Assetmark Inc. grew its position in Semtech by 1,745.5% during the third quarter. Assetmark Inc. now owns 609 shares of the semiconductor company's stock valued at $44,000 after purchasing an additional 576 shares in the last quarter.
Analysts Set New Price Targets
Several brokerages have recently issued reports on SMTC. Stifel Nicolaus lifted their price objective on shares of Semtech from $90.00 to $98.00 and gave the stock a "buy" rating in a research note on Tuesday, March 17th. Robert W. Baird lifted their price objective on shares of Semtech from $88.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 17th. Craig Hallum lifted their target price on shares of Semtech from $80.00 to $105.00 and gave the stock a "buy" rating in a research report on Tuesday, March 17th. Wall Street Zen downgraded shares of Semtech from a "strong-buy" rating to a "buy" rating in a research report on Monday, January 26th. Finally, TD Cowen reissued a "buy" rating on shares of Semtech in a research report on Tuesday, February 24th. Fourteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Semtech presently has an average rating of "Moderate Buy" and a consensus target price of $93.50.
Get Our Latest Stock Report 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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