Key Points
- Semtech CFO Mark Lin sold 683 shares at an average price of $159.90, totaling $109,211.70. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 35,366 shares.
- Semtech reported stronger-than-expected quarterly results, with adjusted EPS of $0.71 versus the $0.61 consensus and revenue of $341.87 million, up 32.7% year over year.
- Wall Street remains broadly positive: 15 analysts rate the stock Buy and four rate it Hold, producing a “Moderate Buy” consensus and an average price target of $204.71.
Semtech Corporation (NASDAQ:SMTC - Get Free Report) CFO Mark Lin sold 683 shares of the firm's stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $159.90, for a total value of $109,211.70. Following the completion of the transaction, the chief financial officer owned 35,366 shares in the company, valued at approximately $5,655,023.40. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mark Lin also recently made the following trade(s):
- On Wednesday, July 1st, Mark Lin sold 970 shares of Semtech stock. The stock was sold at an average price of $150.41, for a total transaction of $145,897.70.
Semtech Stock Down 12.1%
Shares of NASDAQ SMTC opened at $147.05 on Tuesday. The stock has a market cap of $13.72 billion, a P/E ratio of 97.38 and a beta of 2.35. The business's fifty day simple moving average is $134.02 and its 200-day simple moving average is $124.02. The company has a current ratio of 1.70, a quick ratio of 1.31 and a debt-to-equity ratio of 0.47. Semtech Corporation has a 12-month low of $57.50 and a 12-month high of $177.35.
Semtech (NASDAQ:SMTC - Get Free Report) last posted its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.10. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The company had revenue of $341.87 million for the quarter, compared to analyst estimates of $328.67 million. During the same period in the previous year, the business posted $0.41 earnings per share. Semtech's quarterly revenue was up 32.7% on a year-over-year basis. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. As a group, equities analysts predict that Semtech Corporation will post 2.64 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on SMTC. UBS Group boosted their price target on shares of Semtech from $225.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, August 26th. Needham & Company LLC reaffirmed a "buy" rating and set a $200.00 price objective on shares of Semtech in a research note on Wednesday, August 26th. Robert W. Baird increased their price target on shares of Semtech from $225.00 to $300.00 and gave the stock an "outperform" rating in a research report on Thursday, August 27th. Weiss Ratings raised Semtech from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Wednesday, September 9th. Finally, TD Cowen boosted their target price on shares of Semtech from $210.00 to $215.00 and gave the stock a "buy" rating in a research report on Monday, June 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $204.71.
View Our Latest Stock Report on SMTC
Institutional Investors Weigh In On Semtech
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC acquired a new position in shares of Semtech during the second quarter worth about $374,000. Tidal Investments LLC acquired a new position in Semtech in the 2nd quarter valued at about $22,728,000. IPG Investment Advisors LLC bought a new position in shares of Semtech during the second quarter worth approximately $296,000. WINTON GROUP Ltd bought a new stake in Semtech in the 2nd quarter valued at about $599,000. Finally, Engineers Gate Manager LP raised its stake in Semtech by 450.5% in the second quarter. Engineers Gate Manager LP now owns 58,129 shares of the semiconductor company's stock valued at $9,408,000 after purchasing an additional 47,569 shares in the last quarter.
About Semtech
(
Get Free Report)
Semtech Corporation (NASDAQ:SMTC) is a global semiconductor and technology company that designs and supplies analog and mixed-signal products. Its solutions are used to manage, protect, connect and process electronic signals in infrastructure, data centers, industrial systems, automotive applications, consumer devices and communications equipment.
The company's portfolio includes signal-integrity and connectivity products, power-management and protection devices, wireless and radio-frequency solutions, and specialized semiconductors.
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