Key Points
- Semtech EVP Jason Elliot Green sold 2,766 shares for approximately $526,500 under a pre-arranged Rule 10b5-1 plan, reducing his direct holdings by 27.3% to 7,367 shares.
- Semtech reported quarterly EPS of $0.71, beating estimates by $0.10, while revenue rose 32.7% year over year to $341.87 million. The company issued Q3 fiscal 2027 EPS guidance of $1.02–$1.08.
- Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $208.06, though Northland Securities downgraded the stock to “Market Perform” citing a less attractive risk-reward profile.
Semtech Corporation (NASDAQ:SMTC - Get Free Report) EVP Jason Elliot Green sold 2,766 shares of Semtech stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $190.35, for a total value of $526,508.10. Following the completion of the sale, the executive vice president directly owned 7,367 shares in the company, valued at approximately $1,402,308.45. This represents a 27.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Semtech Trading Down 0.1%
NASDAQ SMTC opened at $187.30 on Friday. Semtech Corporation has a 52 week low of $60.28 and a 52 week high of $201.99. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.31 and a current ratio of 1.70. The stock's 50 day moving average price is $154.19 and its two-hundred day moving average price is $136.40. The stock has a market capitalization of $17.48 billion, a price-to-earnings ratio of 124.04 and a beta of 2.41.
Semtech (NASDAQ:SMTC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share 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 company had revenue of $341.87 million during the quarter, compared to analysts' expectations of $328.67 million. During the same period last year, the business earned $0.41 EPS. The business'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, analysts anticipate that Semtech Corporation will post 2.64 earnings per share for the current fiscal year.
Institutional Trading of Semtech
Large investors have recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. bought a new stake in shares of Semtech during the 2nd quarter worth about $9,783,000. Swiss National Bank raised its holdings in Semtech by 6.9% in the 1st quarter. Swiss National Bank now owns 183,000 shares of the semiconductor company's stock valued at $14,071,000 after acquiring an additional 11,800 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Semtech during the second quarter worth approximately $39,313,000. Nicholas Investment Partners LP acquired a new stake in Semtech during the second quarter worth approximately $13,673,000. Finally, Sei Investments Co. lifted its position in Semtech by 65.9% during the first quarter. Sei Investments Co. now owns 357,875 shares of the semiconductor company's stock worth $27,517,000 after acquiring an additional 142,197 shares during the last quarter.
Wall Street Analyst Weigh In
Several equities research analysts have commented on SMTC shares. UBS Group boosted their price target on shares of Semtech from $225.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, August 26th. TD Cowen lifted their target price on Semtech from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Monday, June 22nd. Weiss Ratings lowered Semtech from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday. New Street Research set a $230.00 price target on Semtech in a research report on Thursday, August 20th. Finally, Zacks Research upgraded Semtech from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $208.06.
Read Our Latest Report on Semtech
Semtech News Roundup
Here are the key news stories impacting Semtech this week:
- Positive Sentiment: Semtech’s AirLink secure edge 5G/LTE routers and network-management products were integrated with Palo Alto Networks’ next-generation firewalls. The partnership could improve Semtech’s credibility with infrastructure, utilities and other security-sensitive customers, potentially supporting adoption and future revenue growth. Can Palo Alto Networks Partnership Lift Semtech’s AirLink Portfolio?
- Positive Sentiment: Semtech continues to be highlighted as an AI-infrastructure beneficiary within the semiconductor sector. Analysts and market commentators point to strong earnings momentum and demand for connectivity technologies as potential catalysts for future results. 2 AI and Quantum Stocks Set for Strong Q3 Earnings Growth
- Negative Sentiment: Northland Securities downgraded SMTC from “Outperform” to “Market Perform,” citing an increasingly less attractive risk-reward profile. The downgrade is likely the primary near-term headwind because Semtech’s elevated valuation makes the shares more vulnerable to profit-taking or cautious analyst revisions. Northland Downgrades Semtech Corp. to Market Perform
- Negative Sentiment: Executive Vice President Jason Elliot Green sold 2,766 shares worth approximately $526,500, reducing his holdings by 27.3%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal, but insider selling can still weigh modestly on sentiment. SEC Insider Trading Filing
About Semtech
(
Get Free Report)
Semtech Corporation is a global semiconductor and technology company that designs and supplies analog and mixed-signal products for communications, industrial, automotive, consumer, and infrastructure applications. Its solutions are used to manage, protect, connect, and transmit data in electronic systems.
The company's portfolio includes signal-integrity products, protection devices, power-management components, optical and high-speed connectivity solutions, and video-processing technologies.
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