Key Points
- Director Paul Walsh Jr. sold 500 Semtech shares at an average price of $139.44, for total proceeds of $69,720. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with 26,100 shares.
- Semtech reported quarterly EPS of $0.71, exceeding the $0.61 analyst consensus, while revenue of $341.87 million surpassed estimates and increased 32.7% year over year.
- Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $213.11; BMO Capital Markets and DA Davidson each set a $230 target.
Semtech Corporation (NASDAQ:SMTC - Get Free Report) Director Paul Walsh, Jr. sold 500 shares of the company's stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $139.44, for a total value of $69,720.00. Following the completion of the transaction, the director directly owned 26,100 shares in the company, valued at $3,639,384. This trade represents a 1.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Semtech Stock Performance
SMTC stock opened at $132.00 on Friday. Semtech Corporation has a twelve month low of $60.28 and a twelve month high of $201.99. The firm has a market cap of $12.32 billion, a price-to-earnings ratio of 87.42 and a beta of 2.41. The business's fifty day simple moving average is $156.98 and its two-hundred day simple moving average is $141.20. The company has a quick ratio of 1.31, a current ratio of 1.70 and a debt-to-equity ratio of 0.47.
Semtech (NASDAQ:SMTC - Get Free Report) last issued its earnings results on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.10. The firm had revenue of $341.87 million during the quarter, compared to analyst estimates of $328.67 million. Semtech had a net margin of 13.11% and a return on equity of 21.74%. The business's revenue was up 32.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 earnings per share. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Analysts predict that Semtech Corporation will post 2.80 earnings per share for the current year.
Hedge Funds Weigh In On Semtech
Hedge funds and other institutional investors have recently made changes to their positions in the company. Leonteq Securities AG raised its holdings in shares of Semtech by 11.2% in the first quarter. Leonteq Securities AG now owns 1,171 shares of the semiconductor company's stock valued at $90,000 after acquiring an additional 118 shares in the last quarter. Corient Private Wealth LP lifted its stake in Semtech by 4.0% in the second quarter. Corient Private Wealth LP now owns 3,147 shares of the semiconductor company's stock worth $515,000 after acquiring an additional 122 shares during the period. SBI Securities Co. Ltd. lifted its stake in Semtech by 29.6% in the third quarter. SBI Securities Co. Ltd. now owns 679 shares of the semiconductor company's stock worth $121,000 after acquiring an additional 155 shares during the period. ABS Investment Management LLC purchased a new stake in Semtech in the second quarter worth about $178,035,000. Finally, Signaturefd LLC grew its holdings in Semtech by 43.5% during the 3rd quarter. Signaturefd LLC now owns 548 shares of the semiconductor company's stock worth $98,000 after acquiring an additional 166 shares in the last quarter.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on SMTC. Weiss Ratings upgraded shares of Semtech from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday. Wall Street Zen upgraded shares of Semtech from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 29th. Zacks Research raised shares of Semtech from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 21st. BMO Capital Markets raised their target price on shares of Semtech from $155.00 to $230.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 13th. Finally, DA Davidson set a $230.00 price target on shares of Semtech in a research note on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $213.11.
Check Out Our Latest Research Report on SMTC
Semtech Company Profile
(
Get Free Report)
Semtech Corporation (NASDAQ:SMTC) is a global semiconductor and infrastructure technology company that develops analog and mixed-signal products for communications, industrial, data center, consumer, and automotive applications. Its portfolio is designed to improve connectivity, power efficiency, signal integrity, and protection in electronic systems.
The company's products include high-speed connectivity solutions for data centers and communications networks, power management and protection devices, signal integrity components, and wireless and radio-frequency technologies.
Further Reading
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