Key Points
- Semtech CFO Mark Lin sold 970 shares on July 1 at an average price of $150.41, totaling $145,897.70. After the sale, he still owned 34,896 shares, and the trade was made under a pre-arranged Rule 10b5-1 plan.
- Semtech recently reported better-than-expected earnings, posting $0.51 EPS versus the $0.45 estimate and revenue of $291.02 million, up 15.9% year over year. The company also issued Q2 2027 guidance of 0.590-0.630 EPS.
- Analyst sentiment remains constructive, with several firms raising price targets and the consensus rating listed as Moderate Buy. MarketBeat’s average price target for SMTC is $189.07.
Semtech Corporation (NASDAQ:SMTC - Get Free Report) CFO Mark Lin sold 970 shares of the firm's stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $150.41, for a total value of $145,897.70. Following the transaction, the chief financial officer directly owned 34,896 shares in the company, valued at $5,248,707.36. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Semtech Stock Performance
SMTC stock opened at $129.66 on Tuesday. The company has a 50-day simple moving average of $145.35 and a 200 day simple moving average of $105.02. The company has a market capitalization of $12.08 billion, a P/E ratio of -332.46 and a beta of 2.31. The company has a quick ratio of 1.62, a current ratio of 2.37 and a debt-to-equity ratio of 0.86. Semtech Corporation has a fifty-two week low of $42.71 and a fifty-two week high of $177.35.
Semtech (NASDAQ:SMTC - Get Free Report) last released its earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. Semtech had a negative net margin of 3.05% and a positive return on equity of 18.31%. The firm had revenue of $291.02 million for the quarter, compared to analysts' expectations of $283.53 million. During the same quarter last year, the company earned $0.38 EPS. Semtech's quarterly revenue was up 15.9% on a year-over-year basis. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. Sell-side analysts predict that Semtech Corporation will post 1.81 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in SMTC. Militia Capital Management LLC acquired a new stake in shares of Semtech in the first quarter worth $2,307,000. Glenmede Trust Co. NA raised its position in Semtech by 3.3% during the first quarter. Glenmede Trust Co. NA now owns 18,432 shares of the semiconductor company's stock valued at $1,417,000 after buying an additional 589 shares during the period. E20 Capital Ltd purchased a new stake in Semtech in the 1st quarter worth about $21,809,000. Janus Henderson Group PLC boosted its position in Semtech by 10.2% during the 1st quarter. Janus Henderson Group PLC now owns 61,443 shares of the semiconductor company's stock worth $4,723,000 after acquiring an additional 5,699 shares during the period. Finally, California State Teachers Retirement System grew its stake in Semtech by 24.8% during the 1st quarter. California State Teachers Retirement System now owns 102,818 shares of the semiconductor company's stock valued at $7,906,000 after acquiring an additional 20,408 shares in the last quarter.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. B. Riley Financial boosted their price target on shares of Semtech from $165.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, May 27th. Stifel Nicolaus raised their price objective on shares of Semtech from $157.00 to $188.00 and gave the company a "buy" rating in a research report on Wednesday, May 27th. Northland Securities lowered shares of Semtech from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 26th. UBS Group raised their target price on shares of Semtech from $165.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, May 27th. Finally, Roth Mkm upped their price target on Semtech from $102.00 to $190.00 and gave the company a "buy" rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Semtech has a consensus rating of "Moderate Buy" and an average price target of $189.07.
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Semtech Company Profile
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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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