Semtech (NASDAQ:SMTC) Director Paul Walsh, Jr. Sells 500 Shares of Stock

Semtech Corporation (NASDAQ:SMTC) Director Paul Walsh, Jr. sold 500 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $80.87, for a total value of $40,435.00. Following the completion of the sale, the director directly owned 24,279 shares in the company, valued at approximately $1,963,442.73. This represents a 2.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Semtech Price Performance

Shares of NASDAQ:SMTC opened at $73.60 on Friday. The company has a market cap of $6.81 billion, a price-to-earnings ratio of -167.27 and a beta of 1.99. The business has a 50 day moving average price of $84.00 and a 200 day moving average price of $74.36. The company has a quick ratio of 1.71, a current ratio of 2.37 and a debt-to-equity ratio of 0.89. Semtech Corporation has a twelve month low of $24.05 and a twelve month high of $96.46.

Semtech (NASDAQ:SMTC) last issued its quarterly earnings results on Monday, March 16th. The semiconductor company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. Semtech had a positive return on equity of 18.09% and a negative net margin of 3.86%.The company had revenue of $274.40 million for the quarter, compared to the consensus estimate of $273.14 million. During the same period in the previous year, the business posted $0.40 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Research analysts predict that Semtech Corporation will post -0.02 earnings per share for the current year.

Institutional Investors Weigh In On Semtech

A number of institutional investors have recently bought and sold shares of SMTC. Rockefeller Capital Management L.P. raised its stake in shares of Semtech by 70.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,988 shares of the semiconductor company’s stock valued at $146,000 after buying an additional 823 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in shares of Semtech during the 4th quarter valued at about $221,000. Alpine Global Management LLC acquired a new stake in shares of Semtech during the 4th quarter valued at about $368,000. Pacer Advisors Inc. increased its stake in Semtech by 38.8% in the fourth quarter. Pacer Advisors Inc. now owns 16,129 shares of the semiconductor company’s stock valued at $1,189,000 after acquiring an additional 4,509 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its stake in Semtech by 23.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,987,888 shares of the semiconductor company’s stock valued at $146,488,000 after acquiring an additional 374,548 shares during the period.

Key Headlines Impacting Semtech

Here are the key news stories impacting Semtech this week:

• Positive Sentiment: Multiple brokerage firms issued bullish signals (price‑target increases, buy reaffirmations and forecasts for upside), supporting longer‑term upside expectations. Craig-Hallum Raises PT on Semtech (SMTC) Stock
• Positive Sentiment: Benchmark reiterated a Buy rating, which may sustain investor interest and provide support after recent gains. Benchmark Reaffirms Buy Rating for Semtech (NASDAQ:SMTC)
• Positive Sentiment: Needham published a bullish forecast indicating strong price appreciation, reinforcing momentum narratives for SMTC. Needham & Company LLC Forecasts Strong Price Appreciation for Semtech (NASDAQ:SMTC) Stock
• Positive Sentiment: Analysts at Robert W. Baird and Stifel Nicolaus also flagged upside potential, adding to the wave of bullish research notes. Semtech (NASDAQ:SMTC) Stock Price Expected to Rise, Robert W. Baird Analyst Says Semtech (NASDAQ:SMTC) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says
• Positive Sentiment: Unusually high call‑option volume indicates short‑term bullish positioning by traders, which could support a rebound if sentiment stays positive. Investors Purchase High Volume of Call Options on Semtech (NASDAQ:SMTC)
• Neutral Sentiment: A broader analyst roundup discussed Semtech alongside other tech names; useful context but no single new catalyst emerged from that piece. Analysts Offer Insights on Technology Companies: Semtech (SMTC), ARM …
• Negative Sentiment: Insider selling: director Paul V. Walsh Jr. sold 500 shares (small dollar amount relative to his holdings), which can be read as modest profit‑taking and may add to near‑term selling pressure. SEC filing: Director Paul V. Walsh, Jr. sold 500 shares

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SMTC. Morgan Stanley increased their price target on shares of Semtech from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Monday, March 16th. Piper Sandler restated an “overweight” rating and set a $95.00 price objective (up from $70.00) on shares of Semtech in a report on Thursday, December 11th. Summit Insights raised shares of Semtech from a “hold” rating to a “buy” rating in a research report on Tuesday, November 25th. Benchmark reiterated a “buy” rating and issued a $115.00 target price on shares of Semtech in a research note on Tuesday. Finally, Craig Hallum lifted their target price on Semtech from $80.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday. Fourteen 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.14.

About Semtech

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.