Semtech (NASDAQ:SMTC) COO Asaf Silberstein Sells 5,000 Shares

Semtech Corporation (NASDAQ:SMTC) COO Asaf Silberstein sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $83.00, for a total transaction of $415,000.00. Following the completion of the sale, the chief operating officer directly owned 88,496 shares of the company’s stock, valued at $7,345,168. The trade was a 5.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Semtech Price Performance

Semtech stock traded up $0.65 during trading hours on Monday, hitting $81.17. 971,886 shares of the company traded hands, compared to its average volume of 1,370,604. Semtech Corporation has a 1-year low of $24.05 and a 1-year high of $83.80. The firm has a market cap of $7.51 billion, a P/E ratio of 261.84 and a beta of 2.01. The firm’s 50-day simple moving average is $74.28 and its two-hundred day simple moving average is $65.22. The company has a quick ratio of 1.71, a current ratio of 2.43 and a debt-to-equity ratio of 0.87.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings data on Monday, November 24th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. Semtech had a net margin of 2.77% and a return on equity of 17.00%. The business had revenue of $266.97 million during the quarter, compared to analysts’ expectations of $266.36 million. During the same period last year, the firm posted $0.26 earnings per share. The business’s revenue was up 12.8% on a year-over-year basis. Semtech has set its Q4 2026 guidance at 0.400-0.460 EPS. As a group, analysts forecast that Semtech Corporation will post -0.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Semtech

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. boosted its position in shares of Semtech by 78.4% during the 2nd quarter. Bessemer Group Inc. now owns 653 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 287 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Semtech during the second quarter valued at approximately $33,000. Hantz Financial Services Inc. grew its stake in shares of Semtech by 243.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 508 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 360 shares during the period. Salomon & Ludwin LLC bought a new position in shares of Semtech during the 3rd quarter worth approximately $41,000. Finally, AlphaQuest LLC lifted its position in shares of Semtech by 42.5% during the 3rd quarter. AlphaQuest LLC now owns 580 shares of the semiconductor company’s stock worth $41,000 after buying an additional 173 shares during the period.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SMTC. Morgan Stanley set a $67.00 target price on Semtech in a report on Tuesday, November 25th. Stifel Nicolaus boosted their price objective on Semtech from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Benchmark raised their target price on shares of Semtech from $76.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Wall Street Zen downgraded shares of Semtech from a “strong-buy” rating to a “buy” rating in a research report on Monday. Finally, Roth Mkm lifted their price objective on shares of Semtech from $65.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Semtech currently has a consensus rating of “Moderate Buy” and an average price target of $79.21.

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.