Rodolpho Cardenuto Sells 5,321 Shares of Semtech (NASDAQ:SMTC) Stock

Semtech Corporation (NASDAQ:SMTC) Director Rodolpho Cardenuto sold 5,321 shares of Semtech stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $165.00, for a total value of $877,965.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Semtech Stock Up 3.8%

NASDAQ SMTC traded up $6.81 during trading on Friday, reaching $185.00. 6,000,651 shares of the company’s stock traded hands, compared to its average volume of 2,791,788. Semtech Corporation has a 12-month low of $57.50 and a 12-month high of $185.46. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.70 and a quick ratio of 1.31. The firm has a market cap of $17.27 billion, a price-to-earnings ratio of 122.52 and a beta of 2.35. The company’s 50 day simple moving average is $136.10 and its two-hundred day simple moving average is $125.60.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SMTC. Zacks Research lowered Semtech from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 21st. Morgan Stanley raised their price target on shares of Semtech from $175.00 to $195.00 and gave the company an “equal weight” rating in a report on Wednesday, August 26th. Roth Capital set a $220.00 price objective on shares of Semtech in a research report on Wednesday, August 26th. Benchmark reissued a “buy” rating on shares of Semtech in a research report on Thursday, August 20th. Finally, Oppenheimer set a $200.00 price target on shares of Semtech in a research note on Wednesday, May 27th. Fifteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Semtech currently has an average rating of “Moderate Buy” and a consensus price target of $204.71.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC boosted its stake in Semtech by 900.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 200 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 180 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Semtech during the second quarter worth about $32,000. Banque Cantonale Vaudoise acquired a new position in Semtech during the first quarter worth about $33,000. IFP Advisors Inc purchased a new stake in Semtech during the 4th quarter valued at about $53,000. Finally, Allworth Financial LP acquired a new stake in Semtech in the 2nd quarter valued at about $55,000.

Semtech Company Profile

Semtech Corporation (NASDAQ:SMTC) is a global semiconductor and technology company that designs and supplies analog and mixed-signal products. Its solutions are used to manage, protect, connect and process electronic signals in infrastructure, data centers, industrial systems, automotive applications, consumer devices and communications equipment.

The company’s portfolio includes signal-integrity and connectivity products, power-management and protection devices, wireless and radio-frequency solutions, and specialized semiconductors.