Semtech (NASDAQ:SMTC) Director Sells $78,067.00 in Stock

Semtech Corporation (NASDAQ:SMTC) Director Gregory Michael Fischer sold 1,034 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $75.50, for a total value of $78,067.00. Following the sale, the director directly owned 2,857 shares in the company, valued at $215,703.50. The trade was a 26.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Semtech Trading Down 4.6%

NASDAQ:SMTC traded down $3.70 on Tuesday, reaching $75.98. The company’s stock had a trading volume of 1,476,942 shares, compared to its average volume of 1,346,255. Semtech Corporation has a 1-year low of $24.05 and a 1-year high of $81.39. The business’s 50-day moving average price is $72.79 and its two-hundred day moving average price is $63.13. The firm has a market cap of $7.03 billion, a PE ratio of 245.10 and a beta of 2.01. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.71 and a current ratio of 2.43.

Semtech (NASDAQ:SMTC) last released its quarterly earnings results on Monday, November 24th. The semiconductor company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Semtech had a return on equity of 17.00% and a net margin of 2.77%.The company had revenue of $266.97 million for the quarter, compared to analyst estimates of $266.36 million. During the same quarter last year, the firm posted $0.26 earnings per share. Semtech’s revenue was up 12.8% compared to the same quarter last year. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. Equities research analysts anticipate that Semtech Corporation will post -0.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Semtech

A number of large investors have recently modified their holdings of the business. Jones Financial Companies Lllp grew its holdings in shares of Semtech by 12,214.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock valued at $89,000 after acquiring an additional 2,565 shares in the last quarter. Empowered Funds LLC boosted its position in Semtech by 11.5% during the first quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company’s stock valued at $323,000 after purchasing an additional 968 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Semtech by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 411,814 shares of the semiconductor company’s stock valued at $14,166,000 after purchasing an additional 22,629 shares in the last quarter. Intech Investment Management LLC grew its stake in Semtech by 72.6% in the first quarter. Intech Investment Management LLC now owns 68,497 shares of the semiconductor company’s stock valued at $2,356,000 after purchasing an additional 28,812 shares in the last quarter. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Semtech during the 1st quarter worth approximately $376,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. TD Cowen assumed coverage on shares of Semtech in a research report on Wednesday, October 1st. They set a “buy” rating and a $75.00 price objective for the company. Summit Insights raised shares of Semtech from a “hold” rating to a “buy” rating in a research note on Tuesday, November 25th. Benchmark lifted their price target on Semtech from $76.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Weiss Ratings restated a “hold (c-)” rating on shares of Semtech in a report on Monday, December 29th. Finally, Stifel Nicolaus set a $80.00 price objective on Semtech in a report on Wednesday, October 1st. Fifteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Semtech currently has an average rating of “Moderate Buy” and an average price target of $78.50.

Semtech Company Profile

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.