Key Points
- Semtech director Rodolpho Cardenuto sold 5,321 shares on September 16 at an average price of $165, generating proceeds of approximately $877,965.
- Semtech shares opened at $185, near their 52-week high of $185.46, after the company reported quarterly EPS of $0.71 and revenue of $341.87 million, exceeding analyst expectations.
- Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $204.71; institutional investors including BlackRock and UBS also increased or initiated positions.
Semtech Corporation (NASDAQ:SMTC - Get Free Report) Director Rodolpho Cardenuto sold 5,321 shares of Semtech stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $165.00, for a total value of $877,965.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Semtech Trading Up 3.8%
Shares of SMTC opened at $185.00 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.31. Semtech Corporation has a 1 year low of $57.50 and a 1 year high of $185.46. The company has a 50 day simple moving average of $137.08 and a two-hundred day simple moving average of $126.01. The firm has a market cap of $17.27 billion, a P/E ratio of 122.52 and a beta of 2.35.
Semtech (NASDAQ:SMTC - Get Free Report) last released its earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.61 by $0.10. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The firm had revenue of $341.87 million for the quarter, compared to the consensus estimate of $328.67 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The company's quarterly revenue was up 32.7% compared to the same quarter last year. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. On average, equities analysts expect that Semtech Corporation will post 2.64 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have commented on the stock. Susquehanna increased their price objective on shares of Semtech from $170.00 to $200.00 and gave the company a "positive" rating in a report on Wednesday, May 27th. Needham & Company LLC reiterated a "buy" rating and issued a $200.00 target price on shares of Semtech in a research report on Wednesday, August 26th. Weiss Ratings raised Semtech from a "sell (d-)" rating to a "hold (c-)" rating in a research note on Wednesday, September 9th. Citigroup cut Semtech from a "buy" rating to a "market perform" rating in a report on Tuesday, May 26th. Finally, Oppenheimer set a $200.00 price objective on Semtech in a research note on Wednesday, May 27th. Fifteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $204.71.
Read Our Latest Analysis on SMTC
Institutional Trading of Semtech
Several hedge funds have recently made changes to their positions in the business. Andar Capital Management HK Ltd bought a new position in shares of Semtech in the 2nd quarter valued at about $162,000,000. BlackRock Inc. bought a new stake in Semtech during the second quarter worth approximately $1,577,947,000. Geode Capital Management LLC increased its stake in Semtech by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 2,099,033 shares of the semiconductor company's stock worth $154,704,000 after acquiring an additional 6,715 shares during the last quarter. Fred Alger Management LLC raised its position in Semtech by 12.0% during the fourth quarter. Fred Alger Management LLC now owns 859,855 shares of the semiconductor company's stock valued at $63,363,000 after purchasing an additional 92,396 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Semtech by 396.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,125 shares of the semiconductor company's stock valued at $136,298,000 after purchasing an additional 672,447 shares during the period.
Semtech Company Profile
(
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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