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

Semtech Corporation (NASDAQ:SMTC) Director Paul Walsh, Jr. sold 500 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $164.99, for a total value of $82,495.00. Following the completion of the sale, the director owned 28,100 shares in the company, valued at $4,636,219. This represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Semtech Stock Performance

NASDAQ:SMTC traded down $12.52 on Friday, reaching $149.75. 18,122,279 shares of the company’s stock were exchanged, compared to its average volume of 2,711,812. The firm has a market cap of $13.95 billion, a price-to-earnings ratio of -383.97 and a beta of 2.32. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.37 and a quick ratio of 1.62. The stock has a fifty day simple moving average of $139.30 and a 200-day simple moving average of $101.57. Semtech Corporation has a 52 week low of $42.38 and a 52 week high of $177.35.

Semtech (NASDAQ:SMTC) last posted its quarterly earnings results on Tuesday, May 26th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. The company had revenue of $291.02 million for the quarter, compared to analyst estimates of $283.53 million. Semtech had a negative net margin of 3.05% and a positive return on equity of 18.31%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 earnings per share. Semtech has set its Q2 2027 guidance at 0.590-0.630 EPS. As a group, sell-side analysts predict that Semtech Corporation will post 1.81 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SMTC. UBS Group raised their price target on Semtech from $165.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Benchmark increased their price objective on Semtech from $120.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Citigroup downgraded Semtech from a “buy” rating to a “market perform” rating in a research note on Tuesday, May 26th. B. Riley Financial lifted their target price on Semtech from $165.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Finally, TD Cowen increased their price objective on Semtech from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday. Thirteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $189.07.

Hedge Funds Weigh In On Semtech

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp raised its position in shares of Semtech by 12,214.3% during the 1st quarter. Jones Financial Companies Lllp now owns 2,586 shares of the semiconductor company’s stock valued at $89,000 after buying an additional 2,565 shares in the last quarter. Empowered Funds LLC lifted its stake in Semtech by 11.5% during the first quarter. Empowered Funds LLC now owns 9,389 shares of the semiconductor company’s stock worth $323,000 after purchasing an additional 968 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Semtech by 5.8% during 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 worth $14,166,000 after purchasing an additional 22,629 shares during the last quarter. Strs Ohio purchased a new position in shares of Semtech in the 1st quarter worth about $65,000. Finally, Cetera Investment Advisers bought a new position in shares of Semtech during the 2nd quarter valued at about $226,000.

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.