Julie Garcia Ruehl Sells 1,500 Shares of Semtech (NASDAQ:SMTC) Stock

Semtech Corporation (NASDAQ:SMTC) Director Julie Garcia Ruehl sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $145.00, for a total transaction of $217,500.00. Following the completion of the sale, the director directly owned 7,140 shares in the company, valued at $1,035,300. This represents a 17.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Semtech Trading Up 0.8%

Shares of SMTC traded up $1.32 during trading hours on Wednesday, hitting $163.94. The stock had a trading volume of 3,370,809 shares, compared to its average volume of 2,757,052. The firm has a market cap of $15.30 billion, a P/E ratio of 108.57 and a beta of 2.35. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.31 and a current ratio of 1.70. The company’s fifty day simple moving average is $132.41 and its 200 day simple moving average is $121.99. Semtech Corporation has a 12-month low of $57.50 and a 12-month high of $177.35.

Semtech (NASDAQ:SMTC) last released its quarterly earnings data on Tuesday, August 25th. The semiconductor company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.10. Semtech had a return on equity of 21.74% and a net margin of 13.11%.The business had revenue of $341.87 million for the quarter, compared to analyst estimates of $328.67 million. During the same period in the previous year, the company posted $0.41 EPS. The company’s revenue was up 32.7% compared to the same quarter last year. Semtech has set its Q3 2027 guidance at 1.020-1.080 EPS. Equities research analysts forecast that Semtech Corporation will post 2.64 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SMTC shares. New Street Research set a $230.00 price target on Semtech in a report on Thursday, August 20th. TD Cowen raised their price objective on shares of Semtech from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Craig Hallum upped their target price on Semtech from $105.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. B. Riley Financial lifted their price objective on shares of Semtech from $165.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Finally, Robert W. Baird increased their price target on shares of Semtech from $225.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Fifteen research 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $204.71.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Royce & Associates LP increased its position in Semtech by 144.5% in the 4th quarter. Royce & Associates LP now owns 107,617 shares of the semiconductor company’s stock worth $7,930,000 after buying an additional 63,603 shares during the period. Argos Wealth Advisors LLC bought a new stake in shares of Semtech in the 4th quarter valued at approximately $640,000. Geode Capital Management LLC grew its holdings in shares of Semtech by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 2,099,033 shares of the semiconductor company’s stock worth $154,704,000 after purchasing an additional 6,715 shares during the last quarter. Swiss National Bank increased its position in shares of Semtech by 6.9% during the 1st quarter. Swiss National Bank now owns 183,000 shares of the semiconductor company’s stock worth $14,071,000 after purchasing an additional 11,800 shares in the last quarter. Finally, Osterweis Capital Management Inc. bought a new position in Semtech during the 2nd quarter valued at about $9,783,000.

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.